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Performance of banks reviewed

By Staff Reporter

GUWAHATI, May 30 - A review on the performance of the banks operating in Kamrup Metro district, covering the District Consultative Committee (DCC) and District Level Review Committee (DLRC) meetings, was held today here for the financial year ended March 31, 2016.

Speaking on the occasion, Dr M Angamuthu, Deputy Commissioner of Kamrup Metro said that apart from proper selection of borrowers, faster disposal of loan applications and proper entrepreneur development training will help the banks to reduce to a great extent the chances of Non Performing Assets (NPAs).

Reviewing the performance of the banks operating in the district, he expressed his satisfaction with their performance during the last fiscal.

The banks have shown a stiff rise in the Credit Deposit Ratio (CDR) of five per cent over that of March 2015 in the district.

The CDR presently stands at 42 per cent (while as per norm it is specified at minimum 40 per cent in the north-eastern region.) In March 2015, it had stood at 37 per cent, while it was 38 per cent in September 2015.

Dr Angamuthu also expressed satisfaction with the achievement of 107 per cent of the financial target in the Kisan Credit Card (KCC) sector.

The DC extended his gratitude to the bankers for their work in the district and assured of all support from the administration towards recovery of NPAs of banks in the district.

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