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Standstill in Tripura�s CDR

By Correspondent
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AGARTALA, March 13 - In spite of all out efforts, the Credit Deposit Ratio (CDR), a key indicator of money absorption power of a State, remains unchanged for the past one year from September 30, 2015 to September 30, 2016.

The CDR of the State stood at only 44 per cent till September 30 last year, according to State Level Bankers� Committee (SLBC). However, the SLBC has set a target of taking the CDR to 51 per cent by end of current financial year 2016-17.

The SLBC also discussed the matter and there was a mandate that banks need to increase its advances substantially in order to counter post-demonetisation process.

Giving details on the SLBC meeting, a bank official said five out of eight districts had reported positive growth in CDR as on September 30, 2016 over September 2015. The CDR of West Tripura district stood at 32 per cent. Special efforts should be taken by all banks to improve the CDR of this district for equitable allocation of credit in terms of deposits mobilised in the district.

In the meeting, it appeared, percentage of gross NPA has increased to 6.81 per cent from 5.82 per cent during the period under review. The outstanding amount under Written off A/Cs (Shadow Register) was around Rs77.29 crore which if added with the outstanding NPA, would rise to Rs 649.44 crore which was 7.73 per cent of the gross advance as on September 30, 2016.

The SLBC discussed about the improvement of recovery of loan dues in the State and requested help of the line departments for joint recovery drive, he said, adding that the bankers who did not submit the Panchayet-wise defaulter list to the concerned authorities yet were requested to submit the same at the earliest.

Dr GSG Ayyangar, Principal Secretary, Finance who chaired the SLBC meeting lauded the banks for implementation of demonetisation process efficiently through the 500 bank branches and 464 ATMs operating across the State.

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Standstill in Tripura�s CDR

AGARTALA, March 13 - In spite of all out efforts, the Credit Deposit Ratio (CDR), a key indicator of money absorption power of a State, remains unchanged for the past one year from September 30, 2015 to September 30, 2016.

The CDR of the State stood at only 44 per cent till September 30 last year, according to State Level Bankers� Committee (SLBC). However, the SLBC has set a target of taking the CDR to 51 per cent by end of current financial year 2016-17.

The SLBC also discussed the matter and there was a mandate that banks need to increase its advances substantially in order to counter post-demonetisation process.

Giving details on the SLBC meeting, a bank official said five out of eight districts had reported positive growth in CDR as on September 30, 2016 over September 2015. The CDR of West Tripura district stood at 32 per cent. Special efforts should be taken by all banks to improve the CDR of this district for equitable allocation of credit in terms of deposits mobilised in the district.

In the meeting, it appeared, percentage of gross NPA has increased to 6.81 per cent from 5.82 per cent during the period under review. The outstanding amount under Written off A/Cs (Shadow Register) was around Rs77.29 crore which if added with the outstanding NPA, would rise to Rs 649.44 crore which was 7.73 per cent of the gross advance as on September 30, 2016.

The SLBC discussed about the improvement of recovery of loan dues in the State and requested help of the line departments for joint recovery drive, he said, adding that the bankers who did not submit the Panchayet-wise defaulter list to the concerned authorities yet were requested to submit the same at the earliest.

Dr GSG Ayyangar, Principal Secretary, Finance who chaired the SLBC meeting lauded the banks for implementation of demonetisation process efficiently through the 500 bank branches and 464 ATMs operating across the State.