ABOUT US
 
The Bank came into existence on 23 December 1976, under the provisions of Section 3 of the Regional Rural Banks Act, 1976 (No. 21 of 1976) with its Head Office at Mandi (H.P.). The Bank is sponsored by Punjab National Bank. The Bank is incorporated as a Scheduled Bank in Schedule – II of Reserve Bank of India Act, 1934 and is authorized to affect banking transactions as permitted under section 5(b) of Banking Regulations Act, 1949.
The word "HIMACHAL" derives its origin from two "HINDI" words 'HIM' and "Anchal', which means "IN THE LAP OF SNOW". Himachal is also known as DEV BHUMI in the ancient history and is situated in the heart of Western Himalayas.
Himachal is also known for its pilgrimage centers. Mani Mahesh, Brijeshwari Temple, Shikari Temple, Bhima Kali Sarahan, Naina Devi, Jawala Devi, Chintg Purni are prominent worshipped places. Himachal Pradesh is also known for tourism. there are some famous tourist places i. e. Manali, Shimla, Kufri, Naldehra, Jakhu, Dalhousie, Chamba etc. The areas of Himachal namely Nalagarh, Baddi, Barotiwala, Parwanoo, Kala Amb, Pounta Sahib and Una are fastly growing Industrial Centres. e is huge potential for Hydro Electric Power generation. Big power projects like Parvati, Larji, Nathpa Jhakri, Kol Dam etc. are coming up. Bhakhara Dam, Satluj Beas Link Projects are already adding to the prosperity of the country. Himachal has a proud in sending large number of persons to serve in defence forces and many of them brought laurels to the State.
"MANDI" TOWN WAS NAMED AFTER "Mandavya Rishi" who performed spiritual quest here for years together. it is also known as "Town of Temples". in ancient, it is pronounced as "Chhoti Kashi"
 
PERFORMANCE HIGHLIGHTS
 

 

2007-08

2008-09

2009-10

OWNED FUND

1. CAPITAL

100

100

100

2. SHARE CAPITAL

1065

1065

1065

3. RESERVE

4408

5025

5068

TOTAL OWNED FUND

5573

6190

6233

 

BUSINESS FIGURES

DEPOSITS

80493

93806

109932

-PRIME DEPOSITS

31402

37538

45262

-%age Prime Deposit

39.01%

40.02%

41.17%

ADVANCES (O/S)

29657

35833

37565

    -Priority Sector

25199

28914

30204

    -Agriculture

10016

11603

14493

    -Other Priority Sector

15183

17311

15711

   TOTAL BUSINESS

110150

129639

147497

CD RATIO

36.84%

38.20%

34.17%

NPA

1827

1449

1423

 -%age to Gross Advances

6.16%

4.04%

3.79%

-Net NPA to Net Advance

3.21%

2.08%

1.96%

 

BUSINESS RATIO

Per Branch Business

933

1063

1199

Per Employee Business (465)

231

279

320

Deposit per Employee

169

202

238

Advances Per Employee

62

77

81

 
 
 
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Head Office Address: Jawahar Nagar, Mandi, Himachal Pradesh -175 001