The credit deposit ratio (CDR) of banks in Bihar rose 2.52 per cent to 36.51 per cent in the quarter ended June 30, compared with 33.99 per cent in the corresponding period of the previous financial year, according to data provided by the state finance department.
Reserve Bank of India Governor D Subbarao had earlier said banks in the state would be able to achieve 35 per cent CDR. A bank-wise, district-wise, branch-wise and sector-wise analysis could usher in the change, he had said.
This is the first time in several decades that banks in Bihar saw their CDR crossing the 35 per cent mark. While the CDR of banks in four of the 38 districts was below 25 per cent, it hovered between 25 per cent and 30 per cent in nine districts. The CDR of 15 districts rose between 30 per cent and 40 per cent, while it reached more than 40 per cent in the districts of Begusarai, Kishanganj, Purnia, Kaimur, West Champaran, Araria, Katihar, Samastipur, East Champaran and Bhagalpur in 2010-11. What has changed in the calculation of CDR is the bankers’ bid to add the advances given to Indian Oil Corporation and national thermal power plants, worth Rs 2,371 crore and the funds disbursed under the Rural Infrastructure Development Fund.
