Bhubaneswar: Bankers in Odisha received flaks from the state finance minister and finance secretary for poor performance.

The finance minister, Sashi Bhusan Behera, expressed his displeasure over the functioning of the banks in the state at the 150Th State Level Bankers Committee meeting, held here on Monday.

Behera said that the loan disbursed under study loan scheme (Kalinga Sikhya Sathi) is not satisfactory. Similarly, the disbursement of loans under MUDRA scheme to youth entrepreneurs is disappointing.

Reminding the bankers that the Annual Credit Plan target for 2018-19 has been pegged at Rs 71,420 crore, he urged the bankers to strive to achieve the target during the fiscal..

The minister also directed the bankers to solve the problem of cash crunch in ATMs.

The finance principal secretary, TK Pandey, urged the bankers to increase the CD ratio in the state. Stating that  only in 9 districts out of the 30, the CD ratio is more than 60% and 9 other districts have CD ratio less than 40%, Pandey said that the bankers should enhance the CD ratio where it is below 40%.

The chairman of the SLBC, who is also the Executive Director of UCO Bank,  G Subramania, informed the meeting that out of 1474 non-banking Gram Panchyats(GPs) in the state, 965 have got banking outlets by the end of 2017-18. The remaining 509 GPs will be covered under the banking services by the end of this fiscal, he assured.


RBI Regional Director MK Malla, Nabard CMD KC Panigrahi, SBI CGM Pravina Kala, State Fisheries and Animal Resources DevelopmentSecretary Vishal Gagan, OUAT Vice Chancellor Surendra Nath Pasupalak, Agriculture Special Secretary Bhaskar Jyoti Sharma and Institutional Finance  Director and Additional Secretary DK Jena participated in the meeting.