Economy

Ernakulam District Credit Plan target exceeded

Our Bureau Kochi | Updated on July 15, 2012 Published on July 15, 2012




The deposits of public and private sector banks in Ernakulam district increased by Rs 186.83 crore during the quarter January to March, taking the total at Rs 40,465.17 crore.

The advances increased by Rs 1,224.41 crore during the period, taking the total advance to Rs 47,269.91 crore.

The increase in deposit during the last financial year was Rs 6,334.95 crore and the increase in advance during last year was Rs 8,648.03 crore.

The performance under priority sector advance under District Credit Plan 2011-12 was 129 per cent of the annual target.

The CD ratio has increased to 116.81 per cent as on March 31 from 114.32 per cent as on March 31 last year. The share of priority sector lending as on March 31 was 42.30 per cent.

A total of 2,030 education loans aggregating to Rs 44.71 crore were sanctioned during the quarter, taking the total outstanding to Rs 1,107.87 crore.

During the last financial year, banks in Ernakulam district sanctioned 8,673 of education loan aggregating Rs 214.75 crore.

The District Credit Plan Book for 2012-13 was released by Mr Charles Dias, MP, at the DLRC meeting.

Published on July 15, 2012
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