We are glad to share with you that our profit in FY ’20 has increased to Rs. 29.8 crore PAT, up from Rs. 19.2 crore in FY ’19. This has been largely led by our higher customer acquisition in smaller cities & towns to drive financial inclusion in the country. Our annual revenue has also shown a sharp increase in the fiscal year and has crossed Rs. 2100 crore.
We continue to lead digital banking in the country, and have facilitated more than 485 crore transactions worth Rs. 4.6 lakh crore. Domestic money transfers have accounted for ~Rs. 29,000 crore, which is significant growth from last fiscal year. The CASA base has increased to over 58 million, helping us to double our deposits in savings accounts to over Rs. 1000 crore, compared to the last year.
We would also like to take this opportunity to announce the upcoming launch of our much-awaited cheque book facility for our account holders Now you can order your cheque book through your app. You would be required to upload your signature & supporting documents on the ‘Cheque Book’ section, select the variant (10 or 25 leaves) and submit your request after payment. Once requested, the cheque book would be delivered at the KYC address within 7-10 working days. You will also be able to track the status of issued cheques on your app.