The bank's total income has increased by 26.27 per cent to Rs 197.41 crore from Rs 156.38 crore reported for the same period last year. It has posted a net profit of Rs 27.93 crore for the current quarter under review. For the nine-month period, the bank has recorded a growth of 46.22 per cent in deposits and 37.97 per cent in advances over last year for the identical period. While deposits have rose to Rs 5,154.85 crore advances have touched Rs 2,581.55 crore by end of nine months.

The bank has made an operating profit of Rs 122.02 crore (Rs 62.05 crore)-a jump of 96.65 per cent. While there is no change in the equity, which stands at Rs 104 crore, the reserves have increased to Rs 259.55 crore (last year Rs 186.25 crore). During the period under review, the bank has launched the Internet Banking facility and extended additional facility to its customers to access their demat account through Internet.

Recently it has launched corporate treasury enabling the customer the information on foreign exchange and money market.

So far, the bank has established ATM net work with 23 centers covering major metros and towns. It proposes to increase the ATM net work to 100 centers by December 2000. The bank is now operating from 66 branches spread out in major towns and cities.