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| Satveer urges for early clearance of pending loan cases | | |
JAMMU DEC-01
The Bank deposits in Jammu district has touched RS.7080 crores while the advanced went up to Rs.2694 crore during the first eight months of the current financial year. The credit deposit ratio stood at 38.05 per cent registering a perceptible increased of 5.58 per cent over the last year’s level.
This was disclosed by R K Kaul Chief Manager (Lead Bank) State Bank of India during the sub committee meeting of the district consultative meeting held here which was presided over by Smt Satveer Kaur Chief Planning Officer. The committee has been constituted to monitor action plan drawn and bring improvement in the credit deposit ratio of the banks.
Urging all banks to devise action plan to be monitored on self- graduated basis, Kaul said that it should be ensured that CD ratio crosses 40 per cent by March next and thereafter reaches the benchmark of 60 per cent set by the RBI .He also called upon the private banks to provide loans under government sponsored schemes.
Speaking on the occasion, Satveer Kaur called upon the banks to ensure that pendency in respect of sanctioning and disbursement of loan cases is cleared and lauded the role of SBI and PNB for opening specialized branches to cater exclusively to the needs of SME sector and called upon Jammu and Kashmir to follow the suit.
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