Pentagonal Financial Analytical Study of Manipur Rural Bank

Author:Madhusoodan Tripathi, Vinayaka Tripathi*

Abstract:
Manipur is a unique state Indian state with hills and valleys, lush green forest, thousands of villages, a majority of the rural population, and various tribes. State depends on agriculture and allies’ activities. Forests are also a source of livelihood. Fruits, vegetables, medicinal plants, spices, cuisines, and handlooms are specific features of the economy of rural Manipur. Tourism also has a potential in Manipur. To empower rural Manipur every time and everywhere, Manipur Rural Bank was formed on 28.05.1981. It is a joint venture of Government of India, Government of Manipur, and sponsor Punjab National Bank. Bank is serving rural Manipur for decades. Bank is performing well with point of view of rural Manipur. The increasing amounts of deposits and advances clearly indicate it. NPAs and profits are showing alarming conditions. Bank management should take effective steps in this regard. Agro products, forest-based products, cuisine chains, unique handloom products and tourism have potential for business and profit for bank. Bank must explore these dimensions to speed up banking development of rural Manipur. MRB should open full as well as micro branches in areas of need and areas unreached. MRB has to gain more glory in future.

Keywords:Manipur Rural Bank, Empowering Manipur, Everytime Everywhere.

DOI:10.46333/ijtc/13/2/16

International Journal of Trade & Commerce (Vol: 13 Issue:2)