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Rewa Sidhi Gramin Bank was established on 20th Dec. 1976 with the main objective of playing a pivotal role in rural development and upliftment of weaker sections of the rural society in two backward and undeveloped districts of M.P. namely Rewa and Sidhi.Area of the bank now covers 3 Distts. by coming into existence of new Singrauli distt.. The area of operation of the bank has vast resources of minerals and forest products. The economy is predominantly agaragarian and of subsistence type, that too shaken generally by the natural calamities like drought, hailstorms, floods etc. Undulating hilly topography with meagre area under irrigated cultivation, poor infrastructure and absence of project linkages makes technique based agro- economic operations difficult.

  
Deposits

During the year Bank achieved 97.69% target of gross deposits.

As on 31st March 2010, the total deposits of the Bank stood at Rs. 9495216 thousand in 583838 deposit  accounts, which were Rs. 8100642 thousand in 535883 deposit accounts in the previous year. As per the guidelines of NABARD , the amount of subsidy reserve fund of Rs. 80771 thousand has been excluded from total deposits.
Out of total deposits, the shares of Current , Savings and Term deposits are Rs. 510893 thousand, Rs.5067214 thousand  and Rs.3917109 thousand in 5838 , 498746 and 79254 accounts, respectively.In comparison to 24.15% growth of previous year,  growth of  17.21% has been achieved during reported year. The proportion of demand and time deposits has been 58.75% and 41.25% respectively, which was 59.35% and 40.65% respectively,during the previous year.. The cost of deposits registered at 4.92% in comparison to 4.31% of previous  year. The deposits per branch and per employee have been Rs.94952 thousand and Rs.24161 thousand  respectively, during the reported year.

POSITION OF DEPOSIT MIX

  Sl.
  No.

 Nature of Deposit

31 March 2009

31 March 2010

31 March 2011

Amount

% to total deposit

Amount

% to total deposit

Amount

% to total deposit

  1.

 Current & Call Deposit

287110

3.54

243700

2.57

395082 3.47

  2.

 Saving Bank Deposit

 4030300

49.75

5067213

  53.37

6403641 56.28

  3.

 Short & Fixed Deposit

168451

2.08

124714

 1.31

- -

  4.

 D.R.C.

3074920

37.96

3722830

39.21

4347635 38.21

  5.

 Cumulative Deposit

49238

0.61

69565

0.73

- -

  6.

 Overdue  Deposits

158348

1.95

Nil

Nil

Nil

Nil

  7.

 Sundry/Other Deposits

332275

4.11

267194

2.81

231952 2.04

 

 GRAND TOTAL

8100642

100.00

9495216

100.00

11378310 100.00
 
 
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