Although the Credit Deposit Ratio (CDR) of 54 per cent in Uttarakhand has showed considerable improvement during the past few years, the CDR in the hilly districts continued to remain low, a big cause of worry for the state government.
With Udham Singh Nagar and Haridwar districts showing high CDR at 95.83 per cent and 52.40 per cent, respectively, districts like Pauri, Almora, Bageshwar and Tehri have registered CDR less than 30 per cent this year also, bank sources said.
“The Chief Minister (Ramesh Pokhriyal Nishank) is worried about the low CDR in the hilly districts and have asked the banks to show improvement,” a top bank official said.
Pauri district, also the birth place of the Chief Minister, has registered the lowest CDR of 21.91 per cent, according to the latest banking data of the state level bankers’ committee (SLBC). Similarly, other hilly districts like Tehri (26.67), Chamoli (27.72) Almora (22.87), Bageshwar (27.96) and Champawat (25.25) continued to show declining trend this year also.
The banks whose CDR is below the state average have already been asked to look into reasons and strive hard to bring up their CDR to the state level.
The CDR continued to show improvement which has now reached 54.04 per cent in the current financial year as compared to 47.31 in the last year.
Private banks like Indusind Bank, Karnataka Bank, Bank of Rajasthan have extremely poor CDR this year as well and have been told to improve in this regard, the sources said.
Public sector banks which need to show improvement include Bank of India (28 per cent), Central Bank of India (25 per cent) and UCO Bank (26 per cent).