Anantnag’s CD ratio grows to 65.50 per cent in Q1

SRINAGAR: The Credit Deposit (CD) ratio in south Kashmir’s Anantnag district has increased to 65.50 per cent in the first quarter of the current fiscal.
An official handout issued here said a meeting of District Level Review Committee (DLRC), Anantnag, was held under the chairmanship of District Development Commissioner, Bashir Ahmad Khan, on Wednesday to review the performance of various banks.
The Lead Bank Manager gave detailed information about the banks’ performance, it said.
“It was informed that during the 1st quarter of financial year 2015-16, 38 per cent target of the priority sector (agriculture, MSEs, education and housing) amounting to Rs 305.58 crore advances has been achieved so far; in non-priority sector, a target of 22.32 per cent has been achieved,” it said. “Besides, the CD ratio has increased to 65.50 per cent against the national average of 60 per cent. The meeting, it said, was attended by the Lead Bank Manager, Project Officer, DRDA, District Social Welfare Officer, Assistant Regional Transport Officer, District Sheep Husbandry Officer, Chief Horticulture Officer, District Officers, and representatives of RBI and other banking institutions.
The District Development Commissioner told the participants that the district plan “is being reviewed and monitored regularly”, it said, adding that he impressed upon all the officers to complete “sponsoring targets” given to each department and banks.
The line departments were directed to complete the targets with banks playing a “facilitative and catalytic” role. The meeting decided to create mass awareness in the district through organisation of mass awareness camps, the handout said.