The 133rd State-level Bankers’ Committee (SlBC) meeting was held here on Saturday with UCO Bank Executive Director S Chandrasekharan presiding over it.
The meeting was attended by the State’s Development Commissioner, Additional Chief Secretary, Finance, RBI Regional Director, the CGMs of NABARD and SBI, Principal Secretaries and Secretaries of various Government Departments and controlling heads of all banks.
In the backdrop of the massive devastations caused due to the Phailin and subsequent floods, all banks were advised to follow the existing RBI guidelines on relief measures to be provided in the affected areas in true letter and spirit.
Since Direct Benefit Transfer for lPG (DBTl) has been rolled out from September 1, 2013 in four districts, Puri, Cuttack, Khurdha and Balangir in the first phase for the State, the progress was reviewed and a decision was taken to form a sub-committee at the State level for smooth implementation and proper monitoring of the scheme.
It was stated that the credit-deposit (CD) ratio of banks as a whole in the State was 89.13 per cent. The banks which have not achieved the CD ratio of national parameter of 60 per cent were advised to achieve it immediately.The percentage of the priority sector advances to the total advance is 56.27 per cent against the national average of 40 per cent.
The total advance to the agriculture sector is `25,378.85 crores which is 30.47 per cent of the total advance against the national parameter of 18 per cent.Under the Annual Credit Plan 2013-14, the banks’ achievement in all sectors up to September 30, 2013 was 85 per cent. The banks have financed `174.56 crore to 6,397 beneficiaries under the education loan scheme during the half year under review.
The banks were advised to give more stress on financing to the MSME sector for the State’s development.The banks continued expressing concern over the poor recovery performance, particularly under the Government-sponsored schemes.