Financial Daily
from THE HINDU group of publications

Monday, December 31, 2001



News | Next | Prev

D. Kannada bank deposits cross Rs 4,349 cr by Sept

Our Bureau


TOTAL deposits in the banking sector as a whole -- inclusive of commercial banks, co-operative banks, rural banks and other financial institutions -- in the Dakshina Kannada district of Karnataka stood at Rs. 4,349.41 crore as on September 30, 2001, with a further addition of Rs. 323.20 crore during the subsequent months.

According to statistics divulged at the 105th district consultative committee and district-level review meetings for banking development in the Dakshina Kannada district held here under the aegis of the lead district office of Syndicate Bank, all the maj or banks have registered positive growth during the period under review and the total banking business in the district is said to have crossed Rs. 6,300 crore.

Of the 332 bank branches operating in the district, 188 are in rural and semi-urban centres.

NRE deposits accounted for Rs. 1,168.49 crore and the absolute increase in deposit levels from April to September 2001 amounted to Rs. 191.74 crore in rural areas.

The level of advances as of September 2001 was Rs. 1,951.85 crore, an absolute increase of Rs. 83.24 crore. The credit deposit ratio of the banks on an average stood at 45 per cent.

Priority sector advances constituted 46 per cent of the total advances while `weaker sector advances' accounted for about 16 per cent of the total priority sector credit.

Moreover, during the first half of 2001-2002 so far, banks have disbursed Rs. 177.70 crore under the priority sector. The banks in the district also achieved 74 per cent of the target for `crop production credit' and a total of 20,339 kisan credit cards have been issued amounting to Rs. 79.03 crore.

While reviewing the progress under various Government-sponsored schemes, it was observed that the banks have sanctioned loans to 208 beneficiaries under the Prime Minister's Rozgar Yojana as against the original target of 664 beneficiaries.

The banks have sanctioned loans to 175 beneficiaries under the SC/ST Corporation schemes as against a target of 530.

Loans disbursed under the `Swavalambana' scheme for minority communities have also fallen short of target -- 235 against a target of 570. Under the `Chaitanya' scheme, the banks have assisted 425 people against a target of 693.

The performance of banks in the implementation of schemes for women and child development indicates that 122 beneficiaries have been assisted under the `Manebelaku' and `Udyogini' schemes.

The banks have assisted 367 people under the `Swarnajayanthi Shahari Rozgar Yojana' against the target of 407. The banks have also participated in the `Swarna Jayanthi Gram Swarozgar Yojana' and 85 beneficiaries have been assisted apart from 31 groups id entified under the scheme.

Comment on this article to

Send this article to Friends by E-Mail

Next: AP to usher in convergence with `village secretariats'
Prev: Bengal awards scholarships to students

Agri-Business | Corporate | Features | Industry | Letters | Life | Markets | Mentor | News | Opinion | Info-Tech | Catalyst | Investment World | Money & Banking | Logistics |

Page One | Index | Home

Copyright © 2001 The Hindu Business Line.

Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line.