As many as 427 branches of various banks in Dakshina Kannada district touched business level of Rs 25,885 crore during 2010-11. This included deposits of Rs 16,472 crore and advances of Rs 9,413 crore. Deposits witnessed a growth of 14 per cent and advances 15 per cent during the year.

The credit-deposit ratio of the district stood at 57 per cent at the end of March.

Mr J.S. Shenoy, Deputy General Manager of Syndicate Bank, informed this during the district consultative meeting for banking development of Dakshina Kannada district on Thursday. The meeting was organised by Syndicate Bank, lead bank of the district.

Mr Hemantha Bhide, Lead Bank Chief Manager of Syndicate Bank, presented the agenda. The committee reviewed the performance of the banks under banking statistics, implementation of District Credit Plan 2010-11 for the period ended March and the Government-sponsored schemes.

The house was informed that under District Credit Plan for 2010-11, disbursement to priority sector advances was Rs 2,383 crore against the yearly target of Rs 2,725 crore, an achievement of 87 per cent of the target. This comprised lending to agriculture (Rs 1,173 crore), small-scale industries (Rs 440 crore), and other priority sectors (Rs 770 crore).

Mr Bhide said that 213 villages in the district were selected for implementing financial inclusion programme. Of this, 35 villages were covered by bank branches and 81 villages through business correspondents.

Corporation Bank has implemented the business correspondent model in all the 23 villages allotted to it. Syndicate Bank has opened two financial inclusion branches at Mogaru and Kenjar villages during the year. He said that still 98 villages in the district are yet to be covered under the business correspondent model.

Mr M.S. Hasan, Lead District Officer from Reserve Bank of India, was present on the occasion.

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