Excelsior Correspondent
Jammu, June 24: The 39th meeting of the Empowered Committee (EC) on Regional Rural Banks (RRBs) for the State of Jammu and Kashmir was held in the Conference Hall of Reserve Bank of India, Jammu.
N K Sahu, Regional Director, RBI, Jammu and Kashmir State, presided over the meeting. Senior officials from State Government, State Level Bankers’ Committee (SLBC), NABARD, SBI, Jammu and Kashmir Bank Ltd and Chairmen of the two RRBs viz J&K Gramin Bank and Ellaqua-i-Dehati Bank participated in the meeting.
The financial performance of the two RRBs was reviewed in the meeting. The other issues relating to opening / shifting of branches and issuance of licenses to RRBs, performance under the Annual Credit Plan and credit flow to agriculture sector, measures/initiatives related to Financial Literacy and Awareness Programme through awareness camps/seminars etc, progress under Financial Inclusion Plan in providing banking services through outlets in villages allotted to RRBs by SLBC were also reviewed.
N K Sahu expressed concern on high level of Non-Performing Assets (NPAs) in the two RRBs and directed the two banks to draw a road map for reduction of NPAs in a time bound manner and submit it to RBI for close monitoring. He also advised both the banks to enhance their credit disbursement for augmenting credit deposit ratio. He also emphasized that the performance under the Annual Credit Plan and credit flow to agriculture sector should improve and both the RRBs should take adequate measures/initiatives under Financial Literacy and Awareness Programme through awareness camps/seminars, etc.
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