JK Bank holds DLRC meet in B’la

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SRINAGAR: J&K bank’s Lead Bank Office, Baramulla recently conducted a District Level Review Committee (DLRC) meeting of district Baramulla for quarter ending June 2018.
Lead District Manager, Altaf Ahmad Wani informed that against a target of Rs 2595.12 crore under Annual Credit Plan for the district for the year 2018-19, an achievement of Rs 533.96 crore has been recorded upto 30th June 2018, benefiting 16189 beneficiaries under various schemes, an official handout read.
The priority sector advances of the district as on 30th June 2018 were Rs 2301.71 crores which is 66.10% of total advances.
The CD ratio of the district at the end of quarter June 2018 stood at 77.21%.
Out of total credit disbursement of Rs 533.95 crore upto quarter ending June 2018, J&K Bank alone has disbursed an amount of Rs 463.29 crore which is 87%. Likewise, out of total priority sector and non-priority sectors disbursement for the quarter of Rs 350.92 crore and 183.03 crore, respectively, J&K Bank has disbursed an amount of Rs 308.59 crore and 154.70 crore, respectively, the handout read.
J&K Bank has a CD ratio of 78.56 % upto 30.06.2018 as against CD ratio of 77.21 for the district.
Since the district has been designated as ‘Aspirational District’ by Ministry of Finance, Government of India (MoF-GoI), “the cumulative targets for E-Gram Swaraj Abhiyan were not only achieved but surpassed”, it read.
Altaf also informed that for creating awareness among the masses about banking products and different schemes a total of 221 awareness camps were conducted during the quarter in the district.
District Development Commissioner Baramulla, Nasir Ahamad Naqash, who chaired the meeting, impressed upon the banks and line departments to work in close coordination to achieve the goal of development and progress, employment generation, and overall economic prosperity of the district. While taking note of low CD ratio of few banks, he directed the concerned banks to improve their CD ratio so that “the good work done by other banks does not get shadowed”.
The meeting was attended by LDO Reserve Bank of India, DDM NABARD, district coordinators of banks and heads of line departments.