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As many as 426 branches of 42 banks in Dakshina Kannada district crossed business level of Rs 24,844 crore as on December. This included deposits of Rs 16,018 crore and advances of Rs 8,826 crore.
This was informed at the District Consultative meeting for banking development here on Wednesday. The meeting was organised by Syndicate Bank, the lead bank of the district.
Addressing the meeting, Mr J.S. Shenoy, Deputy General Manager of Syndicate Bank, said that the credit-deposit ratio of the district stood 55 per cent as at December. There is increase in deposit by 16 per cent and advances by 16 per cent on year-on-year basis, he said.
Mr Udayakumar Holla, Lead Bank Manager, Syndicate Bank, who presented the agenda of the meeting, said that under district credit plan, priority sector advances disbursement was Rs 1,653 crore at the end of December against the annual target of Rs 2,726 crore.
Priority sector advances comprised lending to agriculture at Rs 843 crore, small-scale industries at Rs 333 crore, and other priority sectors at Rs 475 crore.
Mr P. Shivashankar, Chief Executive Officer of Dakshina Kannada Zilla Panchayat, who presided over the meeting, said that though a good amount was disbursed to agriculture sector under the credit plan, the output is not visible. This matter should be looked into, he said.
Business correspondents
Mr Holla said that following the directions from the Government of India, 181 villages in the district are selected for providing banking business through business correspondents. The villagers will be provided with a biometric card, which identifies the thumb impression. This helps operation of savings bank accounts for receiving money under pension schemes and wage payment under MGNREG programme by the villagers without going to branches, he said.
Speaking on the occasion, Mr M.S. Hasan, lead district officer from RBI, said that banks should initiate steps under the financial inclusion programme to generate demand for credit in rural areas.
Mr Holla said that as per RBI directions, a Financial Literacy and Credit Counselling Centre has been opened in the district. This centre takes the responsibility of educating people in rural areas on various aspects of banking, he added.
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