Karnataka banks complete 28% of annual lending target
By Joseph Samson
Sep 9, 2011
Print    Email    RSS   

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."


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Carnival of Indian Personal Finance Blogs #1
Manage your loans, avoid recovery agents
Are you ready to file your taxes? Please...
Pre-pay your home loan
Mortgage insurance’s relevance in India

PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive