CS urges banks to improve Credit Deposit ratio

Port Blair
8 Jun 2017

The Union Territory Level Bankers Committee (UTLBC) meeting was held in the conference hall of Megapode Resort here today. The Chief Secretary, A & N Administration, Mr Anindo Majumdar was the chief guest of the meeting while the Chief General Manager, SBI LHO Kolkata, Mr Partha Pratim Sengupta, who is also the Chairman of  UTLBC presided over the meeting.
Addressing the meeting, the chief guest lauded the performances of the banks during the critical period of demonetization and said that they had tactfully handled the situation. He congratulated North & Middle Andaman District for winning the Prime Minister’s award for implementation of Stand Up India scheme of the Government. “It was a result of the close coordination between the District Administration and SBI of N&M Andaman District”, he said.
Reviewing the performances of the banks, the chief guest appreciated the banks’ performances in achieving their targets during the quarter ending March 2017 despite various constraints such as connectivity. He urged the bankers to improve their performance in priority sectors such as agriculture so that the target can be achieved. He stressed the need to improve the C:D: (Creidit Deposit) ratio, which he observed was a matter of concern.
Referring to housing and education loan, the Chief Secretary urged the bankers to sympathetically look into the matter and extend the lending to the desiring persons especially students, who want to pursue higher education in the mainland. This will ultimately improve the C:D: ratio to some extent, he said. More efforts are also needed in the implementation Government’s schemes launched by the Prime Minister, Shri Narendra Modi, particularly ‘Jeevan Suraksha Bima Yojana’ and ‘PMAY’ He assured that the Administration will look into the matter of issuing mortgage permission to banks assets of defaulting borrowers as also the land allotment for R-SETI.
In his keynote address, the UTLBC Chairman highlighted the progress and achievements made by banks during the quarter and expressed concern over the decreasing C:D: ratio and also urged bankers to improve their performances, especially in financial inclusion, financial literacy and priority and services sectors, to mention a few.
The meeting was addressed among others by Mr Mahesh Goel, (Convenor UTLBC), General Manager SBI LHO Kolkata, Mr Imtiyaz Ahmed, Deputy General Manager, FIDD, RBI Kolkata and Mr Jai Prakash, Manager NABARD, Port Blair.
Earlier, Mr Bipin Kumar Sahu, Regional Manager, SBI Regional Office, Port Blair welcomed the gathering  while the meeting concluded with the vote of thanks, proposed by Mr Manoj Kumar, Chief Manager (Rural), State Bank of India.