Matrimonial |  Properties |  Jobs |  Classifieds |  Ask Doctor |  Live TV |  Cartoon |  Sponsored Greetings |  Astrology  |   Red Chillies |  Tips for life |  Tribute |  Debate







      Search in

Friday, November 09, 2012 5:02:04 PM (IST)  

Mangalore: District Level Review Committee Meeting for Banking Development Held at ZP

Daijiworld Media Network – Mangalore (DV)

Mangalore, Nov 9: District level review committee meeting for banking development was held at zilla panchayat, here on Friday November 9.

J S Shenoy, deputy general of Syndicate Bank informed that the growth in the deposit of rural branches was nearly 41% surpassing that of branches in urban areas which registered growth of 28%. Market share of rural branches have increased while the urban and semi-urban shares have decreased.

He suggested that credit off take needs improvement in the district to achieve sustained CD ratio of atleast 60%.  The marketing business of DK has increased in the banking business of Karnataka from 4.45% in June 2011 to 4.93 in June 2012. The deposit growth of private sector bank was 79% and that of Karnataka Vikas Grameena Bank, the loan RRB of the district was 74%.

He also said that the farmers are not cooperating with bankers, when it comes to signing the documents they are not ready. This misunderstanding should be removed; RBI is boasting agricultural credit India. If the farmers do not cooperate then it is very difficult to achieve success. 

Dr K N Vijaya Prakash, CEO presided over the meeting. He said banking business in DK district surpasses Rs 34,600 cr, powered by a year deposit growth of 29.50% and advances growth of 22% contradicting the slow down factor. Banking sector in DK witnessed business growth of 27% achieving the level of Rs 34,645 cr. Deposits stood at Rs 22,874 cr and advances at Rs 11,771 cr. The credit deposited ratio which declined from past three years from 55.84 to 51.64.The rural branches are performing well compare to urban; the decision taken on goat farming has given good results.    

Hemanth Bide the lead district chief manager stated that in the implementation of district credit plan, disbursement Rs 1,053 cr has taken place against the first quarter target of Rs 1,225 cr. Under farm sector, disbursement was Rs 406 cr against the target of Rs 489 cr and under micro and small enterprise, the disbursement was Rs 95 cr against the target of Rs 99 cr. Under territory sector which includes education housing activities, disbursement was Rs 213 cr against the target of Rs 380 cr. Under non-priority sectors, banks have disbursed Rs 339 cr against the target of Rs 256 cr.

On the occasion, three goat-farming entrepreneurs Mumtaaz Hussain of Kepu, Shiva Kumar Pailoor of Ajjibettu and Keshava Gowda of Bajathur were honored.

Sittamma, rural development officer, Vijakumar from RBI among others were present.



Stay updated wherever you go with Daijiworld.com and Daijiworld 24X7 tv channel mobile apps.
CLICK HERE to download it for your device.
(available on Android and IOS)

 
Print this Article
Email this article to your friend
 
 
Write your Comments
 
News Title Mangalore: District Level Review Committee Meeting for Banking Development Held at ZP
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment
[Please limit your comments within 2000 characters]

You have characters left.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.
 
Security Validation
Enter the characters in the image above
 
 
Published by Daijiworld Media Pvt Ltd Mangalore
Editor-in-chief : Walter Nandalike


Corporate Office :
Daijiworld Residency,
Airport Road, Bondel Post,
Mangalore - 575 008
Karnataka India
Telephone : +91-824-2982023
City Office :
First Floor,
Divya Deepa Arcade,
Bendorewell, Kankanady,
Mangalore - 575 002
Karnataka India
Telephone : +91-824-4259372
e-mail   General enquiry: office@daijiworld.com, News & Info : news@daijiworld.com

Disclaimer | Privacy Policy | About Us
Copyright ©2001 - 2014. All rights reserved.
Our Franchise Offices
Kishoo Enterprises, Maithri Complex, 3rd Floor,
Udupi Service Bus Stand, Udupi, Karnataka. Pin 576101
Telephone : 0091-820-4295571
e-mail : udupi@daijiworld.com
Daijiworld Middle East FZE
P.O.Box: 84772, Dubai, UAE
Tel: 971-50-6597629  Fax: 971-4-2639207
Email: dubai@daijiworld.com
There has been a database error. Technical Support has already been notified. You will be informed when this issue is resolved. Thank you for your patience!