Lenders in Karnataka have been able to achieve 28% of the total credit target set under the priority sector for this financial year.
Speaking at a meeting held for the state level bankers committee (SLBC), chairman for SLBC Karnataka, Mr Basant Seth said that the rate at which financial inclusion is being carried out in the state needs to be increased in order to achieve the target of total financial inclusion completely.
The total deposits of the banks figured at Rs 3.5 lakh crore and total advances amounted to Rs 2.6 lakh crore thereby making the credit deposit ratio stand at 72.71%.
Speaking on the event, regional director for RBI, Mr Uma Shankar said, "Banking correspondents (BC) model in the state needs to be standardised and rolled out faster. Along with training in banking, banks should also think about providing soft-skill training for BCs."