Excelsior Correspondent
LEH, June 1: Advisor to Lt Governor, UT Ladakh, Umang Narula chaired the fifth meeting of the Union Territory Level Bankers’ Committee (UTLBC) of Ladakh for the quarter ended December 31, 2021 to March 31, 2022 in Leh.
The Assistant General Manager/convener UTLBC, UT Ladakh, Tsering Morup gave a detailed presentation on the position of districts and banks regarding their Credit Deposit (CD) Ratio. The Chairman was informed that the total amount of deposits as on March 31, 2022 stood at Rs 7762.03 crore with a deposit growth of 19.59% on a year-on-year basis as compared to Rs 6490.34 crore while as the total credit amount was recorded at Rs 2759.40 crore with credit growth of 29.04% as compared to Rs 2138.33 crore as of March 31, 2021 in UT Ladakh.
Further, he apprised the Chairman that in the Priority sector, Rs 628.14 crore was disbursed into 28627 accounts, while in the non-Priority sector a total of Rs 654.83 crore was disbursed into 10937 accounts. Regarding, NPA position of UT Ladakh as of March 31, 2022, the Chair was informed that the total outstanding amount was Rs 290579.00 lakh, and the NPA amount was Rs 3334.48 lakh.
Advisor Ladakh, observing that some banks had improved their CD ratios while others had shown a decline, stated that the CD ratio of the banks must improve. Further, he exhorted the banks to expand and deepen the digital payment ecosystem in the Union Territory to make Ladakh a digital UT. He also directed the banks to improve their connectivity and increase the branch network and provide the public with effective banking services.
Regional Director (J&K & Ladakh), Reserve Bank of India, R O Jammu, Kamal Patnaik set targets in the various social security schemes especially on the Stand-Up India scheme for the banks, over a stipulated period of time.
Regional Manager, SBI, Fayaz Ahmed Wani assured the Chair, on behalf of UTLBC that the targets set in the meeting, particularly in the agriculture sector would be achieved by the banks.
The meeting among others was was attended by Administrative Secretaries; Deputy Commissioners (Leh and Kargil); Under Secretary, DFS, Union Ministry of Finance (Nodal Officer for Ladakh UTLBC); Additional Secretary, Finance; Directors of concerned departments and representatives of the member banks and financial institutions.
Follow our WhatsApp channel