Commercial banks operating in Odisha face a formidable challenge to achieve credit plan offtake for 2013-14. Out of the total annual credit plan (ACP) pegged at ~25,703.23 crore, actual credit flow is ~14,026.26 crore, an achievement of 54.57 per cent.
Credit flow to education sector is particularly dismal with only 27.66 per cent of the target achieved till December.
Latest data compiled by the State Level Bankers’ Committee (SLBC) shows credit flow to agriculture & allied sectors is 59.89 per cent of the target and that to MSME (micro, small & medium enterprises) and other priority sectors is 84.15 per cent and 23.10 per cent respectively of the stipulated target. In case of housing sector, banks have achieved 62.76 per cent of ACP. Public sector banks have recorded an achievement of 54.62 per cent of ACP till the end of December.
Slow and lacklustre credit offtake has been observed in case of many public sector lenders — Dena Bank (14.60 per cent), State Bank of Bikaner & Jaipur (8.08 per cent), Vijaya bank (22.95 per cent), Central Bank of India (28.92 per cent) and Punjab & Sind Bank (26.14 per cent).
Among PSU Banks, Indian Overseas Bank and Bank of Maharashtra have overshot the lending target assigned to them while Bank of Baroda has logged 99.42 per cent achievement under ACP.
Other PSU banks with notable credit flow in the April-December period are Andhra Bank (80.45 per cent), IDBI Bank (70.37 per cent), Corporation Bank (67.01 per cent), UCO Bank (87.76 per cent) and Oriental Bank of Commerce (69.28 per cent).
Among private sector lenders, HDFC Bank and Karnataka Bank lead the pack, logging credit flow of 208.36 per cent and 137.71 per cent respectively in excess of the target under ACP. District wise scrutiny reveals Bhadrak (18.58 per cent), Boudh (24.34 per cent), Dhenkanal (23.46 per cent), Gajapati (26.72 per cent), Kalahandi (26.02 per cent) and Malkangiri (24.69 per cent) occupy the lower rungs in the credit flow ladder.
