The banking sector in Uttarakhand has registered a robust growth of 36 per cent under the annual credit plan (ACP) of Rs 5114.08 crore during 2009-10.
The sharp increase of 36 per cent could be achieved largely due to better performance of the lead banks like State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BOB) through aggressive financing mainly in industrial and agriculture sectors which had been badly impacted by the slowdown last year.
According to the latest data of the state level bankers committee (SLBC), Uttarakhand, as against an outlay of Rs 6041.21 crores for 2009-10 under ACP, all banks achieved a growth of Rs 5114.08 crore which was 85 per cent of the plan. However, according to original ACP of Rs 5247.48 crore, the growth was 97 per cent.
SBI’s contribution in the ACP was highest with an outstanding loans of Rs 5401 crore. Banks like Canara Bank, Vijaya Bank, Central Bank of India, Indian Bank, Bank of Maharastra did not perform well as far as the ACP targets were concerned.
The overall ACP target for the current financial year has been fixed at Rs 5914.41 crore with an increase of 14 per cent.
Similarly, CD ratio has increased from 38.42 per cent in March 2009, to 49.78 per cent in March 2010, registering a significant jump of 22.54 per cent. However, it is still much below the national bench mark of 60 per cent. BOB’s CD ratio of 68 per cent was the highest with PNB on second place at 53 per cent and SBI at third with 46 per cent.
Banks like Karnataka Bank has the lowest CD ratio of 13 per cent which has been asked to improve.
Last year, 1745 proposals with loans amounting Rs 98.50 crore were sanctioned to micro and small enterprises under the credit guarantee fund trust (CGFT) scheme as against just 338 amounting to Rs 16.08 crore in the previous financial year.
Small and medium enterprises (MSMEs) advances increased to Rs 6911.77 crore as on March 2010, from Rs 5171.00 crore in March 2009, with a growth of Rs 1740.77 crore.
An amount of Rs 840.13 crore was disbursed under kisan credit card (KCC) with a growth of 113.66 per cent over the original target.
