STATE TIMES NEWS
JAMMU: The 39th meeting of Empowered Committee (EC) on Regional Rural Banks (RRBs) for the State of Jammu and Kashmir was held in the Conference Hall of RBI, Jammu.
Regional Director, Reserve Bank of India, Jammu and Kashmir, N.K Sahu presided over the meeting. Senior officials from State Government, State Level Bankers’ Committee (SLBC), NABARD, SBI, Jammu and Kashmir Bank Ltd. and Chairmen of the two RRBs viz. J&K Gramin Bank and Ellaquai Dehati Bank participated in the meeting.
The financial performance of the two RRBs was reviewed in the meeting. The other issues relating to opening / shifting of branches and issuance of licenses to RRBs, performance under the Annual Credit Plan and credit flow to agriculture sector, measures/initiatives related to financial literacy and awareness programme through awareness camps/seminars etc., progress under financial inclusion plan in providing banking services through outlets in villages allotted to RRBs by SLBC were also reviewed.
Sahu expressed concern on high level of Non-Performing Assets (NPAs) in the two RRBs and directed the two RRBs to draw a road map for reduction of NPAs in a time bound manner and submit it to RBI for close monitoring. He also advised both the banks to enhance their credit disbursement for augmenting Credit Deposit Ratio. He also emphasized that the performance under the Annual Credit Plan and credit flow to agriculture sector should improve.
