During the previous fiscal, Hazaribagh's banks again performed poorly, achieving only 31 per cent credit-deposit (CD) ratio. Customers from the district deposited Rs4,274 crore, whereas banks advanced only Rs 1,312 crore, which is 31 per cent of total deposits.
This information is based on report for 27 banks obtained from the leading bank in the district, Bank of India.
BOI manager Santosh Bharti pointed out that according to RBI norms, banks have to disburse 60 per cent of total deposits in a financial year, a fact Deputy Commissioner Manish Ranjan had reminded bank officials of at the District level Bankers' Coordination Committee.