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THIRUVANANTHAPURAM: Priority credit disbursements by banks here during the first six months of the current fiscal have crossed Rs 1,671 crore.

This compared well with the annual target of Rs 1775.17 crore, a meeting of the district consultative committee of banks organised here by Indian Overseas Bank, the lead bank, was told.

According to Mr Abraham Shaji John, Lead District Manager, the committee discussed strategies for achieving lending targets under the accelerated agricultural credit disbursement and for doubling of institutional credit to the small and medium sector.

Among those present were Mr R.K. Gandhi, Deputy General Manager, IOB, and Mr R. Manoharan Pillai, Manager, Reserve Bank of India.

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