NEWS & ADVICE : PERSONAL LOAN
Northeast India gets more agri-credit from SBI
By Vaibhav Aggarwal
Jun 20, 2012
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State bank of India, the country's largest bank, has recorded a growth in the amount of agriculture based loans it has provided in northeast India.

The banks books show an increase in the loan amounts from Rs. 1272 Crore in 2009-10 to Rs 1745 Crore in the current fiscal.

Particularly in Assam, the bank's performance has improved. SBIs credit deposit ratio (CD) in Assam has elevated to 38 percent in fiscal year 2011-12 from 36 percent reported in fiscal year 2010-11. At present, Assam's CD ratio stands at 39.5 percent.

Along with this, there is also a hike in the number of Kisan Credit Cards (KCC) being given by the bank from 70539 to 139411 in the current fiscal.

Mr. Pratip Chaudhuri, chairman of SBI, met Mr. Tarun Gogoi, chief minister of Assam to talk about the banks state of enterprise in the state. Mr. Chaudhari is on a two day official tour of the entire northeastern state to take stock of the banks functioning there.


 


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