During the 83rd State Level Bankers Committee (SLBC) meeting on Wednesday, it was decided that new bank branches will be opened by July 23 in all the villages with more than 3,000 population in order to take the banking facility to the masses in the State.
The meeting was inaugurated by the State Finance Minister, Dr Ramesh Oraon with other dignitaries.
Moving forward in the programme, Oraon, thanked the member banks of the State Level Bankers' Association, Jharkhand, for helping in the necessary contribution of the State, as well as providing assistance to the rural population. He advised to act keeping in mind rural masses of the State could get maximum benefits of the banking services. Referring to the upcoming budget to be presented by the State Government, he thanked the participation of banks in the pre-budget conference and for bringing several important issues to the notice of the Government.
The meeting formally started with the welcome address by Bank of India (BoI) General Manager, Manoj Kumar. He said that in the year 2010-11, where the banks did not achieve the annual loan target of Rs 20,000 crores, but at present more than five times the amount is flowing in the annual loan scheme of Rs 60,000 crores. Kumar mentioned about the increase in the credit-deposit ratio in the current financial year and called for the cooperation of the banks to cross the 50 per cent figure in the State's credit deposit ratio by the end of the September quarter of the financial year 2023-24. The General Manager urged the State Government to encourage new investors in the State by linking banking with technology. Referring to the achievements of the SLBC in March 2023, he mentioned about increasing the participation of private sector banks in the loan scheme promoted by the Government.
General Manager, NABARD, Sunil Kumar Jahangirdar expressed his gratitude to all the banks for their contribution in the development of the State and by establishing mutual relations with the affiliated departments of the State for agriculture loans, especially animal husbandry and fisheries, Called for cooperation in increasing the income. He highlighted the issue of promoting farmers producers and Self Liability Groups (SHGs) from banks in the State.