Bhubaneswar: Development Commissioner Pradeep Jena on Tuesday asked authorities of poor performed banks to enhance their credit deposit ratio.
Chairing the 169th State Level Bankers Committee (SLBC) meeting here, Mr.Jena said the CD ratio of the State on an average has increased to 76.85 percent till September 2022 against 68.48 per cent CD ratio achieved during the same period of last financial year.
However, the performances of Indian Overseas Bank, Central Bank of India Punjab & Sind Bank along with few private banks is not satisfactory, he noted.
He advised the concerned banks to improve the CD ratio in the coming months of the financial year.
As per district-wise CD ratio, Sundergarh, Mayurbhanj, Jagatsinghpur and Keonjhar districts have remained in the bottom of the list while Jharsuguda is at the top position with 324.15 per cent followed by Boudh (146.18%), Rayagada (121.95%) and Kalahandi (119.50%).
During the meeting, the Development Commissioner has directed the bankers to open more branches and ATMs in the unbanked rural areas of the State. The national average of B&M branches and ATMs per lakh population is 18.12 and 22.32 respectively, whereas for Odisha the respective rations are 13.42 and 17.70 only.
Mr.Jena has appreciated the performances of the banks for achieving 50 percent of the annual credit plan (ACP) target. Due to the collaborative efforts made by the Collectors and Banks on achieving 55.40 percent of ACP in the agri-allied sector.
Principal Secretary Finance, Vishal Kumar Dev has suggested the banks to enhance the ACP target for MSME, agri-allied sector, export credit, social infrastructure and financial target for SHGs for the year 2022-23.
He urged all banks to continue the momentum and increase the total credit offtake and help expand the credit outreach in the state.
However, the average loan size for SHGs is only Rs. 2.2 lakh which is a major hindrance for transforming them into enterprises.
Therefore, the bankers have been asked to increase the quantum of credit to the SHGs and enhance the average loan size to Rs 4 lakh from Rs 2.70 lakh by FY 2022-23 as required under the 5T mandate.
Senior Officers from State Government, NABARD, RBI and other banks attended the meeting.
