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The deposits with all the banks in the district increased by Rs 924 crore touching Rs 32,572.94 crore during the three-month period between October 1 and December 31, 2010.
advances
The advances also registered an increase of Rs 627crore to touch Rs 35,216.68 crore during the period in all the banks comprising public, private sector, cooperative and grameen banks etc. This was revealed at the District-level review and consultative committee meeting held here recently, which was inaugurated by Mr K.P. Dhanapalan MP.
The banks also registered 120 per cent achievement under priority sector and 122 per cent overall achievement under the District Credit Plan.
Farm loans
The agriculture loans has increased Rs 1,787 crore and SSI sector by Rs 190.62 crore during the period. Besides, the banks have disbursed Rs 94.21crore as educational loan during the quarter for 3,177 applications. The DLRC meeting also decided to make Ernakulam as a model district in financial inclusion as suggested by the RBI Governor, Dr D. Subbarao, during his visit to Vengoor West Village last week.
In his inaugural address, Mr Dhanapalan appreciated the performance of the banks under the District Credit Plan 2011-12 in the district.
He also remarked that the performance under MSME sector is not in expected lines and need special attention.
Taking serious note on the complaints on educational and agricultural loans, he called upon the banks to be more proactive on extending schematic lending.
The banks should resort to extreme measures such as revenue recovery only after exhausting all other efforts, he said.
Mr M.M. Monayee MLA said that the poor people have to be treated properly by the banks. He also commented that the banks in the district are contributing much to the society.
Mr Mayank Mehta, Deputy General Manager, Union Bank of India, Mr Jayaprakash K.R, Lead District Manager, Mr K.D.Joseph, AGM, RBI, Mr Venu S. Nair, AGM, Nabard, top officials from banks, Government departments have participated in the meeting.
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