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JK Bank conducts Shopian DLRC meeting

A press statement said that besides Lead Bank Manager (LDM) Shopian Ghulam Rasool Dar, the meeting witnessed representatives from various banks and line departments in attendance. The DDC Shopian stressed on the need to increase awareness in every nook an

Post by on Tuesday, March 9, 2021

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Srinagar, Mar 09: Jammu and Kashmir Bank conducted the District Level Review Cum Consultative Committee (DLRCC) meeting at Shopian today under the chairmanship of the District Development Commissioner Shopian Sachin Kumar Vaishya (IAS). The meeting was organized by Shopian Lead Bank Office to review the performance of banks and line departments for the 3rd quarter ended December 2020 under District Credit Action Plan 2020-21.

A press statement said that besides Lead Bank Manager (LDM) Shopian Ghulam Rasool Dar, the meeting witnessed representatives from various banks and line departments in attendance. The DDC Shopian stressed on the need to increase awareness in every nook and corner of the district, “so that benefits of schemes launched by government reach to maximum people.” He emphasized that schemes rolled out by Govt. of India under Atmanirbhar Bharat Abhiyan should be implemented in letter and spirit by all stakeholders with close coordination.

The LDM Shopian informed the meeting that the deposits portfolio recorded a YoY growth of 27.78% with total deposits amounting to Rs. 1445.30 Cr at the end of third quarter of the current FY. He added that YoY growth of 18.09% was registered in the credit portfolio as total advances increased to Rs. 1474.80 Cr recorded at the end of third quarter, out of which Rs. 1160.77 Cr were disbursed under Priority Sector and Rs. 314.10 Cr under Non-Priority Sector, and that the Cash Deposit (CD) ratio for the district stood at 102.04%.


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