Finance minister Pranab Mukherjee is kickstarting his annual review of state-owned banks zone-wise on September 17 in Mumbai.
Mukherjee is visiting Mumbai on September 17 to review the performance of those state-owned banks which have prominent presence in western states of the country.
Apart from the banks? heads, the meeting will also likely to be attended by the chief ministers of western states ? Maharashtra, Gujarat & Goa.
Talking to FE, AS Bhattacharya, CMD of Bank of Maharashtra which is the convener of state-level bankers? committee (SLBC) in Maharashtra, said, ?The government has asked us to submit the detailed information on disbursement and outstanding of all the government-sponsored schemes in the state for past three years. We are likely to respond by September 07,?? added Bhattacharya.
Similar meetings would be held by the FM on October at 21 in Kolkata for Eastern states , on October 29 for Northen states at Sri Nagar and on November 4 at Chennai for Southern states.
During his forthcoming interaction with bankers in Mumbai on September 17, the FM among other issues would review statewise flow of credit to the sectors like agriculture, MSE, housing and education loan, weaker section and minority community and CD ratio.
ECK Unnikrishnan, zonal head of Goa circle of Bank of India, agreed that CD ratio in Goa is below 30% as there is no much credit offtake. ?The reason for poor CD ratio in Goa is that while there is no major industry in the state, the cash-rich companies do not approach banks for getting loans,?? added Unnikrishnan.
