The operating profit of the bank for the period has also increased by 71.45 per cent to Rs 231.60 crore compared to the previous year's figures of Rs 135.08 crore. The net non performing assets of the bank for the fiscal ended March 2000 has reduced from 8.72 per cent to 6.97 per cent.

The cost of deposits for the bank have increased to 8 per cent for the period compared to 7.64 per cent the previous year. This was mainly because the growth in term deposits was higher than the growth in low cost deposits.

The ratio of term deposits to the total deposits was at 61.64 per cent.The deposits of the bank have increased by 22.67 per cent in the fiscal 2000 to Rs 13,406.55 crore. The advances of the bank increased by 29.30 per cent to Rs 5252.21 crore for the period from Rs 4061.84 crore.The capital adequacy ratio (CAR) of the bank has increased from 9.76 per cent to 11.66 per cent.

During the year the bank had come out with a bonds issue for its tier II capital for Rs 170 crore at 12.65 per cent coupon for a tenure of 80 months.The bank has increased its business hours in more than 63 branches and 22 branches have started to offer 7 day service. The bank has also started tele-banking facility at 19 branches and has also installed a toll free telephone centre in its customer grievance cell in Pune.