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CD ratio touches 79 per cent in Thiruvananthapuram

Our Bureau

Thiruvananthapuram , Jan. 16

THE credit-deposit ratio of banks in Thriuvananthapuram district touched 79 per cent in the first half of 2005-06, against the State CD ratio of 64 per cent.

Priority credit disbursement in the district stood at Rs 1,671 crore in the first half against the annual target of Rs 1,775.17 crore, according to a press release from Indian Overseas Bank.

The meeting of the district level review committee of the banks revealed that the services sector recorded the highest disbursement of Rs 1,180.73 crore, while the agricultural sector registered Rs 461.20 crore. The industries sector accounted for a disbursement of Rs 29.55 crore.

The total deposits in the district amounted Rs 10,769 crore and advances Rs 8,500 crore. Outstanding credit to agriculture, small-scale industries, SC/ST beneficiaries and education loan stood at Rs 917.2 crore, Rs 397.50 crore, 86.32 crore and Rs 274.51 crore, respectively, at the end of the half year.

The potential linked credit plan prepared by National Bank for Agriculture and Rural Development for 2006-07 in the district is Rs 2,602.88 crore for various sectors. This includes Rs 855.40 crore for agriculture, Rs 220.96 crore for the non-farm sector and Rs 1,526.52 crore for the services sector.

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