NEWS & ADVICE : PERSONAL LOAN
BoI aims to take banking to 400 villages in Bihar
By Vaibhav Aggarwal
Feb 21, 2011
Print    Email    RSS   

Public sector lender, Bank of India has decided to take banking facilities to 400 villages in Bihar as part of the financial inclusion plan of the government and Reserve Bank of India. The bank has decided to adopt the business correspondent (BC) model to carry forward this target.

Apart from this, the bank plans to raise the credit lending in the state as a step to raise the credit deposit (CD) ratio there.

With this the first phase of the plan would get fulfilled while all villages irrespective of size have to be brought under BC umbrella by 2013, informed BoI executive director N Seshadri.

"The deposits in the branches of all the banks everywhere in the state had shown sustained growth. The State Level Bankers' Committee report shows it. Our loan lending activities in agriculture are right on track. We hope to increase our bank's credit-deposit (CD) ratio in the state to 50% in the next few years," Seshadri said.

He said that the current CD ratio in the state is 32% while that of BoI in the state is 35.5%. "This financial year, we will be able to take it to 40%," Seshadri added.


 


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

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Now, Do Banking on Social Media Sites
Effect of employment on loan eligibility...
Get a loan to meet your any personal need
Carnival of Indian Personal Finance Blogs #4
LAP or personal loan: Which one to choose?


My monthly salary 11000 and i want personal loan...
i want to check my loan balance in canara bank my...
i want to check my loan balance in canara bank my...
What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan
i need my personal loan track statement

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive