news details |
|
|
| Drabu for restructuring SLBC | | SLBC reviews performance of banks in J&K | | Early Times Reporter
Jammu | Jan 14
The State Level Bankers’ Committee which met here today to review the working of Banks in Jammu and Kashmir has expressed its satisfaction over the increase in lending growth during the current year as compared to previous year’s figures.
The meeting, which was among others attended by senior functionaries of state government, region director RBI, CGM, NABARD and representatives of banks and financial institutions reviewed the performance of the banks for the third quarter ending September last in extending credit to the priority sector under the annual credit plan.
Chairman Jammu and Kashmir Bank and Convenor SLBC Dr Haseem A.Drabu, who chaired the meeting, stressed for restructuring the SLBC to make it more meaningful and felt the need for taking up direct lending by the banks in a more forceful way.
OP Aggarwal, Regional Director RBI while expressing satisfaction over the increase in lending growth insisted for a hassle free credit support particularly for the direct lending’s.
Deliberating upon the flow of credit to agriculture, industry and service sectors, the meeting noticed that the retail trade sector dominated other sectors by absorbing Rs.292.69 crores followed by small enterprises sector with Rs.288.73 crore, agriculture with an amount of Rs.239.34 core, micro credit of Rs.104.90 crore, housing with Rs.67.43 crore, while a least share of Rs.23.69 has gone to Education sector.
It was given out in the meeting that the banks have disbursed Rs.1016.77 crore in favour of 51,922 beneficiaries against the annual target of Rs.1528.80 crore for 1,62,299 beneficiaries. While the banks and financial institutions have achieved 67 per cent of the financial target the physical targets touched to just 32 per cent during the first half year.
The Jammu and Kashmir Bank has been the major contributor to the achievements under Small Enterprises sector. Out of total disbursement of Rs.288.73 crore, the bank has advanced loans to the tune of Rs.123.42 crore by September end. Similarly, against the achievement of Rs.1016.78 crore, the contribution of Jammu and Kashmir Bank alone has been of the order of Rs.490.21 crore . |
|
|
|
|
|
|
|
|
|
|
|
|
| |
| |
|
|
|
|
 |
|
|
