- 94% CD ratio achieved by Banks in district
GANDERBAL: To review the performance of banks and other financial institutions under various Government initiatives and sponsored schemes, a meeting of District Level Review Committee/ District Consultative Committee (DLRC/DLC) was held today under the chairmanship of District Development Commissioner (DDC) Ganderbal, Shyambir, in conference hall Mini Secretariat, here.
At the outset, the LDM presented the achievements vis-a-vis Annual Action Credit Plan 2023-24, and informed the house that Banks operating in the district have recorded a very satisfactory CD Ratio of 94%. The deposits and the loans and advances figure stood at Rs 2022 and Rs1898 crores as on 31 March, 2024 respectively.
The Credit dispensation in priority sector and Non-priority Sector lending under Various Financial Credit Schemes has been posted at Rs 654.27 and 550.42 crores against the target of 654.44 and 224.62 crores respectively. The Chairperson emphasized on furthering the scope of lending especially under various Government Sponsored Schemes in Agriculture and MSME sectors to mitigate the Unemployment and to make the District self-reliant.
The DDC appreciated the coordinated work done by the Banks and the line departments that has been instrumental in achieving/surpassing the Financial Targets and has emphasized to continue the efforts in future also to achieve set goals visa-a-vis financial planning in the District.
The meeting was attended by Chief Planning Officer, Shahnawaz Khan; Lead District Officer RBI, Niha Mattoo; LDM, Fida Hussain; District Manager NABARD, Zubair Wasil; CAHO, CAO, DSHO, zonal officer JK Bank and other officers/ representatives of various departments and banks operating in the district.
