Addressing a press conference on Tuesday, CMD R S Hugar, said the networth of the bank had crossed Rs 1,000 crore as on December 31, 1998. The bank's deposits registered a 48.6 per cent rise to touch Rs 12114.26 crore and advances 54.4% to Rs 5234.22 crore. Net non-performing assets have come down to 2.63 %.

The average deposits recorded a growth of 35.7 per cent and average advances 49.5 per cent during the period. The aggregate investments stood at Rs 5,730.98 crore. Working funds of the bank increased to Rs 14,241 crore from Rs 9,975 crore. The average working funds also registered a growth rate of 34.9 per cent. Indicating a growth of 33.1 per cent, total income of the bank during the period has surged to Rs 1,128.29 crore from Rs847.86 crore in the corresponding period of the previous fiscal.

Non-interest income rose 40.5 per cent to Rs 137.70 crore from Rs 98 crore during the nine-months ended Dec 31, 1998.