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Growth Path

Since its inception in the year 1998, the Guardian Bank has grown in leaps and bounds. This has been possible by able guidance of a very committed board and extremely sincere and untiring young dedicated officers.

PERFORMANCE INDICATORS:

- - Inception 31/03/1999 31/03/2000 31/03/2001 31/03/2002
- - 2/11/1998 - - - -
1 Number of Members 2846 3290 3820 4602 5640
2 Increase in share capital (INR) 5.4 million 7.72 million 9.95 million 11.62 million 12.40 million
3 Deposits (INR) Nil 19.98 million 101.8 million 110.58 million 125.63 million
4 Cumulative loans & advances (INR) Nil 13.2 million 47.12 million 77.06 million 95.00 million
5 Profits (INR) Nil 0.068 million 3.5 million 4.67 million 6.34 million
6 Growth in reserves (INR) Nil 0.065 million 2.30 million 5.072 million 8.685 million