State Level Bankers' Committee Jharkhand's 81st quarterly meeting held on Thursday in the State Capital in Chaired by State’s Finance cum Food Supply Minister, Dr Rameshwar Oraon. He applauded the Banks for they achieved 62 per cent target in the second month itself under the annual credit plan ACP. He also praised the increase in the credit-to-equity ratio required by the banks.
However, Oraon appealed to the Banks to reach 60 percent of the State's debt to debt ratio set by the Reserve Bank of India. He also urged SLBC to rectify the requirement. He also said that the State Government will provide every possible way to take the existing banking system at the doorstep of people living in remote areas. With regard to the problems faced by the banks in providing a variety of facilities to the customers, he added. He also requested the state heads of the banks to come together and do what they can.
The Minister also appealed for better implementation of the Chief Minister’s activities aimed at providing better education to the children of the State like Mukhyamantri Shiksha Prathana Yojana, Eklavya Training Yojana and Guruji Credit Card scheme. He said that the important role of the banks was not mentioned, nor were the state heads of the banks required to give the necessary cooperation to take this scheme forward.
Oraon said that 13.42 lakh credit cards required so far by the State's agriculture sector from the banks. He said the role has been told that on the performance of some of the major commercial banks on the failure loan State Bank of India - 4.1 per cent, Indian Bank-12 per cent, UCO Bank-11 per cent and Private Bank- HDFC ,AXIS Bank, IDFC, YES Bank, BANDHAN Bank, serious concern on INDUSIND Bank, Kotak Mahindra Bank and he urged to make meeting the main agenda of the Banks.
Ahead of the function, the convenor of the State Level Bankers' Committee, the former manager of Bank of India, Bakri Keshri Mishra presented his views. In the address, leading district managers of all the districts and representatives of various banks, RBI and NABARD welcomed representatives of various departments of the State Government. He said that Banks achieved 61.57 per cent against the total target of the annual loan plan 2022-23 in the second half of the combined expenditure of the majority
After this Deputy Manager SLBC, Subodh Kumar presented the major achievements of the month of September, 2022 and the birth of the cycles. Compilation of the earlier Case-Template Reports (ATR) submitted by the SLBC on the achievements of various banks examined in the State and the inconsistent progress of various recruitment schemes. The figures of the performance by the banks which have come till September, 2022, are satisfactory, but there is no major pillar in the agriculture sector, nor are some new policies like the State's tourism policy, electrical vehicle policy ,agri infrastructure, food processing and others.
Finance Secretary, Ajay Kumar Singh and Agriculture Secretary, Abu Baqr Siddiqui were also present on the occasion along with senior officials of Reserve Bank of India and NABARD.