Kohima, January 27: Total bank deposits in Nagaland up to the quarter ended September 2013 has been recorded at Rs 6215.93 crores, out of which, SBI’s deposits has been estimated at Rs 2916.68 crores. This was highlighted during the State Level Bankers’ Committee (SLBC) meeting for the quarter ended September 2013 held at Capital Convention Centre, Capital Complex, Kohima.
A press release received here informed that the Committee reviewed the performances of banks in Nagaland up to the quarter ended September 2013. The total bank advances reported till September quarter was Rs 2060.46 crores, which included SBI’s advances of Rs 1308.50 crores. Over all Credit Deposit Ratio of the State was 33.15 percent, while SBI’s Credit Deposit (CD) Ratio was 44.86 percent. National bench marked CD Ratio was 60 percent. With regard to Annual Credit Plan Achievements, overall target for FY 2013-14 was Rs 883.95 crores, but the banks recorded an overall achievement of Rs 379.24 crores (42.90%). SBI achieved 235.76 crores (55.20%).
According to the release, there are 24 banks operating in Nagaland with 148 bank branches. Meanwhile, there are 74 blocks - 45 banked blocks and 29 unbanked blocks.
The meeting was chaired by Mhombemo Patton, Commissioner & Secretary (Planning & Coordination) and attended by V. Kezo, OSD(Gen), Sashi Pongener, DGM (Outreach), SBI, N.E. Circle, V. Chelladurai, G.M.(Nabard), B.K. Srivastava, AGM,SBI RBO Dimapur, A.S. Khaund, AGM, SBI RBO, Mokokchung and senior officers from banks and government line departments. Next SLBC meeting for the quarter ended December 2013 has been scheduled on February 25, 2014.
