J&K Bank holds DLRC meeting in Ganderbal
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J&K Bank holds DLRC meeting in Ganderbal

DC lauds JK Bank’s performance

Post by on Wednesday, January 20, 2021

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DC lauds JK Bank’s performance

Srinagar, January 20: The J&K Bank conducted a District Level Review Committee (DLRC) and District Consultative Committee (DCC) meetings to review achievements of various banks working in Ganderbal district for the quarters ending June and September 2020 vis-à-vis Annual District Plan 2020-21, a press statement said.

District Development Commissioner Ganderbal Shafqat Iqbal, who is also the chairman of committees, chaired both the meetings in presence of Zonal Head J&K Bank Kashmir (Central II) Syed Shujaat Hussain Andrabi, CPO Ganderbal Irfan Ahmad, Lead District Manager Ganderbal Nissar Ahmad Bhat, DDM NABARD, Director RSETI, Ganderbal, District Coordinators of Banks, and District Officers of Line Departments.

The DDC Ganderbal took stock of progress and achievements made by the banks in the implementation of the various government sponsored schemes.

Giving a detailed summary of the achievements for the Half Year September 2020, LDM Ganderbal informed the house that all the banks in the district have disbursed Rs. 252.62 Cr to 12660 beneficiaries against the yearly targets of Rs.750.01 Cr thus achieving 34% of district credit plan of 2020-21.

“Priority Sector lending saw disbursement of Rs. 130.72 Cr while Rs. 121.90 Cr were disbursed in Non-Priority Sector lending during the first half of the FY 2020-21. The total deposits of the district have increased from Rs. 1404.19 Cr as on 30.09.2019 to Rs 1589.66 Cr on 30.09.2020 witnessing a growth of 13.21% on YOY basis while advances have increased from Rs. 1013.98 Cr as on 30.09.2019 to Rs. 1220.13 crores on 30.09.2020 registering a growth of 20.33% on YOY basis. The CD Ratio of the district stood at 77% as on 30.09.2020,” LDM told the house.

Speaking on the occasion, Chairman DLRC Shafaqat Iqbal advised all the banks and sponsoring agencies to work with cooperation, coordination and cohesion to achieve targets and goals of the development and progress besides generation of employment for the youth of the district. He appreciated the performance of J&K Bank and advised all other banks to put in persistent efforts in achieving targets. He further advised the banks & line departments to clear long pending cases at business units and ensure 100% coverage of all farm operating families under KCC Scheme before the end of March 2021. The chair also directed all the banks & line departments to conduct awareness programs at Village /Block / Panchayat level to increase awareness among the people about social security schemes and other developmental programs of the government.

In response to various queries raised in the meeting, Zonal Head Syed Shujaat Hussain Andrabi informed that J&K Bank is committed towards 100% financial inclusion of the district, the statement added.

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