All necessary steps will be taken to make Sikkim a model banking state to start with the availability of banking facilities to the people in the nook and corner of the Himalayan state, he told reporters here after inauguration of its office.
We are aware that the population here is scattered and spread over various parts of the mountainous state...the banks will be asked to reach out to all those people who do not have access to banks till date, Chakrabarty said.
With the chief ministers financial inclusion scheme underpay proposing to provide bank accounts to all those people availing assistance from several schemes, the RBI deputy governor said the commercial banks should prepare a plan in the next three years to provide banking facilities to the beneficiaries.
Chakrabarty also asked the banks and the civil society to increase the credit deposit ratio in Sikkim which at present stands at 46% as against the national figure of 70%.
In reply to a question that the banks in Sikkim were reluctant to give credit to the people, he said all the deserving people must be given credit by the banks.
In reply to another question seeking the RBI views on some non-banking financial institutions in Sikkim swindling away the deposits received from the general public, he said the central regulator has not not been informed about the financial irregularities by any individual or the authorities. It was a criminal activity on the part of the non-banking financial institutions to have collected deposits from the public without obtaining licence from RBI, he said.
Chakrabarty asked the regional RBI officials to monitor the financial irregularities by the illegal non-banking institutions and take criminal action against such institutions.