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Banks in Dakshina Kannada achieve Rs 10,586-cr biz in Q1

Our Bureau

Mangalore , Oct. 5

AS many as 350 branches of 45 banks in Dakshina Kannada district have achieved business level of Rs 10,586 crore as on June. This includes deposits of Rs 6,797 crore and advances of Rs 3,789 crore.

This was informed to the district consultative committee and district-level review committee meetings for banking development in Mangalore on Wednesday.

The meetings were organised by Syndicate Bank.

During the first three months of the current fiscal, banks lent Rs 207 crore to agriculture against the annual target of Rs 393 crore.

Commending the overall performance of the banks during the period, Mr B.K. Bhat, Regional Manager of Syndicate Bank, expressed satisfaction over the increase in credit-deposit ratio from 48 per cent to 56 per cent. Good rainfall during the season has given the opportunity for lending more to agriculture.

He urged the bankers to focus on lending to small and medium enterprises.

The meeting reviewed the performance of the banks under banking statistics, implementation of district credit plan 2005-06, and Government-sponsored schemes.

Under theplan, banks disbursed Rs 539 crore during the first quarter against the annual target of Rs 1,451 crore.

Banks in the district lent Rs 345 crore to priority sector during the period.

The meeting was informed that 46,327 farmers were given loans to the tune of Rs 209 crore under the kisan credit card scheme.

The Chief Executive Officer of Dakshina Kannada Zilla Panchayat, Mr A.M. Kunjappa, and the Lead District Manager, Mr A. Gopal, were present.

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