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Satisfactory performance : (From left) Mr S.V. Ranganath, Chief Secretary, Government of Karnataka, Mr Basanth Seth, Chairman, SLBC and CMD, Syndicate Bank; and Ms Uma Shankar, Regional Director, RBI, at the State Level Bankers’ Committee meeting at Vidhanasoudha in Bangalore on Tuesday |
Bangalore, Nov. 29: The Karnataka Chief Secretary, Mr S.V. Ranganath, has called for strengthening the State-Level Bankers' Committee (SLBC) to be more effective in delivering services to both the Government and the public. Addressing the SLBC meet, Mr Ranganath said, “SLBC should regularly monitor various sub-committees and report the out comes to the Chief Secretary or Development Commissioner.” “When this reporting is done to the Chief Secretary or Development Commissioner on a regular basis, automatically attendance in all sub-committees will improve and the outcome is better,” he added. The SLBC should be more active and it is the duty of the convenor to report non-performance of sub-committees for effective monitoring before the quarter meetings. The main reason for strengthening SLBC is due to steep fall in vital parameters such as CD ratio, lending to agriculture sector and to Scheduled Castes/Scheduled Tribes in the State. “When States like Tamil Nadu and Andhra Pradesh have achieved 100 per cent in CD ratio, then why the State lagging behind is and the main reason is lack of monitoring by respective sub-committee,” he pointed out. Mr Basant Seth, Chairman and Managing Director, Syndicate Bank and Chairman- SLBC, in his address said the progress made under FI is in tune with the SLBC for the current fiscal, ie, FI and credit flow to agriculture, a focused attention needs to be given to these two areas and the set goal need to be achieved positively. As of October, banking services have been provided to 2,639 villages out of 3,395 unbanked villages identified, in the population group of over 2,000, thereby, accounting for 78 per cent achievement. “The performance by and large has been satisfactory. However, there is a need to hasten the pace so that the remaining 756 villages are covered by March 2012,” he added. He also said that five regional rural banks (RRBs) are yet to cover 330 villages out of uncovered villages and reiterated the sponsor banks to handhold them to accomplish the task. While reviewing the performance of banks in the State as on September 2011, Mr Seth informed that the aggregate deposits stood at Rs 3,58,474 crore while aggregate advances was Rs 2,66,315 crore with a credit deposit Ratio of 74.29 per cent. The advances to priority sector stood at Rs 1,12,346 crore, constituting 42.19 per cent of credit, surpassing the RBI stipulation of 40 per cent. Similarly, the advance to agriculture sector was Rs 49,233 crore comprising 18.49 per cent of the total credit, which is above the stipulated level of 18 per cent. Advances to the MSME sector stood at Rs 43,945 crore. More than five lakh new farmers have been assisted by lending to the tune of Rs 3,781 crore. Under secondary and tertiary sectors, disbursement was to the tune of Rs 5,283 crore and Rs 6,619 crore respectively.
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