CD ratio of 21 districts below 60% in Odisha As many as 21 out of 30 districts in Odisha have a Credit Deposit (CD)ratio less than the Reserve Bank of India (RBI) stipulated norm of 60 per cent as on June end, 2013. The CD ratios of seven districts – Deogarh, Gajapati, Jagatsingpur, Kadhamal, Kendrapada, Malkangiri, and Sambalpur are below 40 per cent. The others with CD ratios a shade better are Angul (52.28 per cent), Bolangir (58.50 per cent), Cuttack (51.91 per cent), Dhenkanal (49.41 per cent), Gajapati, Ganjam (53.19 per cent), Jajpur (50.50 per cent), Jharsuguda (50.63 per cent), Keonjhar (54.30 per cent), Koraput (42.09 per cent), Mayurbhanj (52.92 per cent), Nabarangpur (56.58 per cent), Nuapada (41.63 per cent), Puri (49.75 per cent) and Rayagada (40.46 per cent). While Bargarh tops the list of districts with 72.68 percent CD ratio, neighbouring Sambalpur (9.23 percent) occupies the bottom spot. The PSU banks whose CD ratios in the state are below the stipulated ratios are Bank of Maharashtra (54.05 per cent) and Vijaya Bank (31.70 per cent). Among the private sector banks, ING Vysya Bank (3.36 per cent), Indus Ind Bank (33.56 per cent), South Indian Bank (4.82 per cent) and Laxmi Vilas Bank Ltd (2.59 per cent) have fallen short of the target. The private banks having noteworthy CD ratios include Federal bank (120.92 per cent), Karnataka Bank Ltd (161.19 per cent) and ICICI bank (85.16 per cent). The average CD ratio of all the 25 PSU banks operating in the state stands at 84.45 per cent while that of private sector banks is 70.75 per cent. The lead district managers of districts having CD ratio below 60 per cent are advised at the State Level Banker’s Committee meeting to constitute a subcommittee of district consultative committee to review the same and take steps to achieve at least 60 per cent CD ratio at the earliest. A road map to provide banking service to all the 45778 unbanked villages with population below 2000 by March 2015 was adopted at the SLBC meeting and all the controlling heads were asked to stick to the roadmap and ensure it implementation.
Posted on: Sat, 17 Aug 2013 05:27:05 +0000