STATE TIMES NEWS
BUDGAM: District Development Commissioner, Mir Altaf on Sunday chaired 58th District Level Review Committee meeting to review the progress of line departments and Banks with respect to economic development of the district.
Giving details about performance of Banks, as on December 2016, operating in the district, it was informed that total deposits in the district have increased from Rs 1624.26 crore to Rs 1982.24 crore. Similarly, advances have increased from Rs 1264.26 crore to Rs.1330.63 crore, while as CD ratio is at 67.13% which is 7.13 percent above the RBI bench mark.
It was apprised that under priority sector, the banks have disbursed Rs 119.53 crore against the target of Rs 508.80 crore and under non-priority sector have disbursed Rs148.68 crore against the target of Rs 155.22 crore, thus registering the achievement of 23.57 percent and 95.78 percent respectively against the annual targets. On the occasion, the DDC approved Potential Linked Credit Plan of Rs 627.79 crore for fiscal year 2017-18.
