25. Nations Trust Bank

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Nation Trust Bank (NTB) is at number 25 in the Business Today TOP 30. A young and dynamic bank with immense potential, NTB continues to focus on delivering efficient and enhanced customer services.

With a strong focus on value creation and continuing to be relevant to communities, NTB progressed on the strategic direction of strengthening and optimising the infrastructure that is already in place. Increased digitisation in operations has been a key feature of the Bank's strategy facilitating increased levels of customer convenience, scalability and reliability of operations.

With the rapid expansion of the branch network, investment in technology and increase in human capital, consolidation was deemed important during the financial year. Data mining and data analytics capability were enhanced to better understand the life cycle of the diverse customers of NTB, where customized solutions could be provided. In line with the consolidation process the internal control framework was strengthened.

NTB recorded a net profit of 2, 614 million rupees, recording a 3 per cent growth. Total asset base recorded a growth of 11 per cent to total 176.3 billion rupees. Loans and advance grew by 23 per cent to 121 billion rupees. Deposit growth was seen in both consumer (13 per cent) and SME (23 per cent). Fee based income saw an increase of 46 per cent due to higher transaction volumes and credit cards.

With private sector credit and consumer demand expected to surge, the banking sector is set to grow. NTB has seen an increase in profitability during the year and has leveraged on its large footprint and ability to deliver to its shareholders. The Bank has become a reputed name in the sector and will see an expansion in its portfolio.