Friday, August 10, 2012

Banks fail to meet farm lending target in Maharashtra

Mumbai, Aug 9:  Dragged by the poor progress of the monsoons, banks have so far met only 57 per cent of their Rs 24,629-crore agricultural lending target in Maharashtra, a top banker said here today. Roughly about 57 per cent of the targets have been met. I believe that it should have been much more,” Bank of India Chairman and Managing Director Alok Misra, who also heads Indian Banks Association, told reporters here. RBI Governor D Subbarao had convened the state-level banking committee meeting on Thursday which was attended by the State Government officials and the bank chiefs............

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