It gives me immense pleasure to address you all on successful completion of financial year 2010-11. I complement each and every staff member for their contribution to the smooth completion of annual closing work before 15^th April, 2011.

During the financial year 2010-11, the Bank has crossed the total business level of `4500 Crores. The Bank has recorded a growth of `339.90 Crores (15.03%) in Deposits and `355.38 Crores (22.06%) in Advances. The Demand Deposits have grown by 27.82% during the year and its share in total deposits has improved to 35.99% as against 31.92% of corresponding last year. Priority Sector (72.57%) and Agriculture Sector (62.63%) continue to contribute a lion's share in Total Advances portfolio. The CD ratio of the Bank has improved from 71.24% to 75.19%.

As a part of Branch Expansion policy, we have opened 11 new Branches during the year 2010-11, taking the total tally of our network to 226.

It is the time for us to re-dedicate ourselves to strive hard and put in concerted efforts to improve our business levels, Profits & reduction of NPA levels. I hope that all the staff members will continue to work with increased zeal and enthusiasm in achieving the desired corporate goals during the current year.