Excelsior Correspondent
LEH, June 28: Deputy Commissioner Leh, Simrandeep Singh today directed the banks to hike credit-deposit ration in the district.
He was chairing the District Level Bankers Committee meeting in which representatives of all the 28 banks operating in the district, representatives of RBI from Kashmir and the District Officers participated.
The DC took a detailed review of the performance of the banks and passed specific directions to various participants. Taking a serious note of abysmally low CD ratio in the district, he directed all the banks to strictly adhere to the directions of the RBI Governor of achieving 40% CD ratio.
He particularly directed the Lead Bank (SBI) to improve its CD ratio, which was reported to be the lowest in the district. The DC gave emphasis on the 100% coverage under the Kissan Credit Card and took a detailed account from individual banks and the Chief Agriculture Officer, Leh.
The DC also showed concern at the private banks not sanctioning a single case under the KCC and passed specific directions to include two private banks (Axis and HDFC) under the target for KCC coverage. Further, the DC observed that Leh is the most suited district to achieve 100% KCC coverage because of its population and having the benefit of both PRIs and Councilors. He directed the Agriculture and the Revenue Departments to work in tandem to ensure the district achieve this target.
He also laid stress at the Financial Inclusion Plan (FIP), which is also a precursor to the Electronic Benefit transfer (EBT), for which Leh figures as one of the districts on pilot basis. It was informed that the SBI, JKB and PNB were the banks entrusted with task of Financial Inclusion. The DC showed serious concern at the Punjab National Bank still being a non-starter in the FIP.
He declared Financial Inclusion as a task to be under-taken on mission mode and assured all possible help to the banks to make it a reality.
Trending Now
E-Paper
Follow our WhatsApp channel