Banks operating in the Orissa circle, PSU as well as private banks, have failed miserably in achieving targets for agri-term loans and loans to the allied sectors in 2010-11.
According to figures released by State Level Bankers' Committee (SLBC), of the total target of Rs 1640.68 crore of agri-term loans, the actual achievement was Rs 801.46 crore, which represents hardly 49 per cent of the target.
Similarly, the banks fared even worse in terms of disbursement of loans to allied sectors, where the actual achievement was Rs 501.57 crore, which marks only 37 per cent of the targeted Rs 1372.61 crore.
In terms of agri-term loans, the PSU banks whose performance was particularly abysmal are Central Bank of India (14 per cent), IDBI Bank (12 per cent), Indian Bank (18 per cent), Union Bank (11 per cent) and Vijaya Bank (5 per cent).
Among the private banks, the performance of ICICI Bank and Axis Bank was dismal with these banks achieving only 36 per cent and nine per cent respectively of the stipulated targets.
The performance of the Regional Rural Banks (RRBs) was also lacklustre as the average achievement of five RRBs operating in the state- Baitarani Gramya Bank, Kalinga Gramya Bank, Utkal Gramya Bank, Nilachal Gramya Bank and Rusikulya Gramya Bank was a meagre 31 per cent. Of the total target of Rs 440.97 crore set for the RRBs in agri-term loan segment, these banks could only achieve credit flow of Rs 136.14 crore.
The cooperative banks fared better by achieving 77 per cent of the target. Of the total target of Rs 209.39 crore set for these cooperative banks, these banks achieved Rs 161.80 crore.
On the other hand, in terms of loans to allied sectors, the achievement of PSU banks stands at only 35 per cent. Out of the targeted Rs 817.44 crore inn 2010-11, the actual disbursement was only Rs 285.21 crore.
The PSU banks whose performance was dismal on this count are Central Bank of India (8 per cent), IDBI Bank (7 per cent), Oriental Bank of Commerce (1 per cent), Vijaya Bank (6 per cent), Syndicate Bank (15 per cent), Union Bank (11 per cent), Punjab National Bank (15 per cent) and Indian Bank (17 per cent).
The performance of private sector banks was even worse as they could manage to achieve a measly 14 per cent of the target. RRBs too, fared poorly meeting only 25 per cent of the target. On the whole, commercial banks achieved 32 per cent of the target for disbursement of loans to the allied sectors.
