Leh September 04: The District Level Review & District Consultative Committee Meeting of Bankers of Leh district for the quarter ending June 2018 held today in Leh Conference Hall under the chairmanship of Deputy Commissioner, Leh Avny Lavasa in the presence of Executive Councillor LAHDC Tsering Wangdus.
DC Avny Lavasa addressing the house urged upon the banks to be pro-active and contribute towards the development of the land by advancing loans in important fields of agriculture, education, Mudra and other centre and state sponsored schemes for the benefit of the unemployed, and economically backward section of the society. All the banks and their branches need to make personal effort and take initiatives and conduct financial literacy camps at town and village level to make people aware about various financial schemes by the government, she added.
DC Leh reviewing the previous quarter performances took a detailed report from the concerned bankers and officials about NRLM, KVIB, DIC, KVIC, ST/SC, KCC, and also discussed upon important matters like educational loan, KCC, and other loans. Earlier, Lead Bank Manager, Leh Abdul Rashid Bhat apprised the meeting about the performance of banks in Leh in terms of Deposits/Advances, achievements of government sponsored schemes where there is growth of 1.24% in deposits portfolio, at the same time there is increase of
11.72% in advances portfolio of the district during the quarter.
The loan portfolio of the district has increased by Rs. 90.25 crores during the quarter, out of which there is growth of 11.23% in priority sector advances. The achievements of credit to agriculture sector stands at Rs. 21.66 crores as on 30/06/2018 as against target of Rs. 85.44 crores indicating an achievement of 25.35 % of annual credit plan. He further informed the meeting that the overall CD ratio of all the banks except AXIS bank increased by 2.91% over the previous quarter CD ratio. As on March 2018, it stood at 27.99% and it has remained 30.90% as on 30.06.2018.
Total deposits of all banks operating in the district as on 30th June 2018 stood at Rs. 2784.10 crores as against Rs. 2749.91 crores as on 31st March 2018, indicating growth of Rs 34.09 crores in deposits. The agricultural advances in the district have been Rs. 108.65 crores as on 30th June 2018 which is 6.61% of total advances. On the occasion, the annual activity report of 2017-18 of SBI–RSETI Leh was also presented. The meeting was attended by HODs of the line departments and bank managers of various banks operating in Leh.
