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DC reviews performance of banks in Kamrup (M) district

By STAFF REPORTER
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GUWAHATI, March 21 - Kamrup Metro Deputy Commissioner Dr M Angamuthu today reviewed the performance of the banks located in the district for the quarter ended December 31, 2016, and called upon the bankers to contribute their best for development of the economy.

Dr Angamuthu, who is also the Chairman of the District Consultative Committee and District Level Review Committee, said the bankers have proved that they have the ability and capacity to handle any situation in times of need and there is now a need for development of the economy of the district.

The DC expressed his satisfaction with the work performed by the bankers, especially during the demonetisation period and thereafter. He appreciated the bankers for their cooperation in the digitisation work in the district.

�We are the first district to achieve various milestones like digitisation of oil and LPG marketing points and government hospitals. And even the DC�s office has been brought under the digital payment system,� he said.

As on December 31, 2016, the priority sector achievement stood at 94 per cent against the Annual Credit Plan Target for 2016-17 at Rs 2,000 crore with its sector-wise achievements in agriculture at 95 per cent, for MSME at 109 per cent, while for Kisan Credit Cards it stood at 90 per cent of the financial target. For the district as a whole both in the priority sector and non-priority sector, it was 126 per cent against the Annual Credit Plan Target.

Expressing satisfaction with the figures, Dr Angamuthu hoped that the performance of the banks would be even better in the last quarter ending March 2017 and the achievement would be more than 150 per cent of the target set for this district for the 2016-17 fiscal.

With regard to the banks� non-performing assets, Dr Angamuthu assured the bankers of providing all support for recovery of NPAs. He asked the banks to take stern action against the defaulting State government employee borrowers whose accounts have become NPAs with the banks.

Commenting on the performance of the �Stand-up India� programme where the district is in the first position among all the north-eastern states as on date by financing 131 proposals with an exposure of Rs 29.67 crore.

The DC also asked the bankers, who have no rural operation or rural branches within the district, to open at least one rural branch each within the next fiscal.

He further asked the bankers to dispose of the loan applications pending with them immediately and to ensure zero holding at bank level as on March 31. He said that if any loan application is found pending with the banks after that date then it would be dealt with seriously.

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DC reviews performance of banks in Kamrup (M) district

GUWAHATI, March 21 - Kamrup Metro Deputy Commissioner Dr M Angamuthu today reviewed the performance of the banks located in the district for the quarter ended December 31, 2016, and called upon the bankers to contribute their best for development of the economy.

Dr Angamuthu, who is also the Chairman of the District Consultative Committee and District Level Review Committee, said the bankers have proved that they have the ability and capacity to handle any situation in times of need and there is now a need for development of the economy of the district.

The DC expressed his satisfaction with the work performed by the bankers, especially during the demonetisation period and thereafter. He appreciated the bankers for their cooperation in the digitisation work in the district.

�We are the first district to achieve various milestones like digitisation of oil and LPG marketing points and government hospitals. And even the DC�s office has been brought under the digital payment system,� he said.

As on December 31, 2016, the priority sector achievement stood at 94 per cent against the Annual Credit Plan Target for 2016-17 at Rs 2,000 crore with its sector-wise achievements in agriculture at 95 per cent, for MSME at 109 per cent, while for Kisan Credit Cards it stood at 90 per cent of the financial target. For the district as a whole both in the priority sector and non-priority sector, it was 126 per cent against the Annual Credit Plan Target.

Expressing satisfaction with the figures, Dr Angamuthu hoped that the performance of the banks would be even better in the last quarter ending March 2017 and the achievement would be more than 150 per cent of the target set for this district for the 2016-17 fiscal.

With regard to the banks� non-performing assets, Dr Angamuthu assured the bankers of providing all support for recovery of NPAs. He asked the banks to take stern action against the defaulting State government employee borrowers whose accounts have become NPAs with the banks.

Commenting on the performance of the �Stand-up India� programme where the district is in the first position among all the north-eastern states as on date by financing 131 proposals with an exposure of Rs 29.67 crore.

The DC also asked the bankers, who have no rural operation or rural branches within the district, to open at least one rural branch each within the next fiscal.

He further asked the bankers to dispose of the loan applications pending with them immediately and to ensure zero holding at bank level as on March 31. He said that if any loan application is found pending with the banks after that date then it would be dealt with seriously.