Eight public sector banks operating in the state have faltered on achieving the Annual Credit Plan (ACP) for 2012-13, having unable to meet even 50 per cent of the stipulated target.
The lacklustre performance against the assigned ACP of these eight banks- Central Bank of India (14 per cent), Indian Overseas Bank (38 per cent), Oriental Bank of Commerce (49 per cent), Punjab & Sindh Bank (19 per cent), State Bank of Travancore (18 per cent), Union Bank of India (26 per cent) and United Bank of India (38 per cent) has taken some sheen off the overall achievement by PSU banks at 81 per cent.
The slow credit offtake by these banks has impaired availability of loans for crucial sectors like agriculture as well as non-farm sectors (NFS) and other priority sectors (OPS).
On the contrary, some PSU banks like Corporation Bank, Dena Bank, IDBI Bank and Indian Bank have stood out, recording credit flow of more than 100 per cent of the ACP, says the data compiled by State Level Bankers’ Committee (SLBC).
Among private sector lenders, three banks- The Karnataka Bank Ltd, ING Vysya Bank and Indus Ind Bank performed below the mark, registering achievement of 27 per cent 15 per cent and 11 per cent respectively.
The performance of regional rural banks (RRBs) - Baitarani Gramya Bank, Kalinga Gramya Bank, Utkal Gramya Bank, Neelachal Gramya Bank and Rushikulya Bank was disappointing as well, with these banks on an average, managing to meet only 41 per cent of the targeted credit plan.
District-wise scrutiny reveals Khurda and Sundergarh districts topped the achievement by banks under ACP, registering achievement of 135 per cent and 100 per cent respectively
The Naxal infested districts of Gajapati (39 per cent), Malkangiri (27 per cent), Nabarangpur (49 per cent) and Rayagada (47 per cent) recorded slow growth in credit disbursal to key sectors.
The banks achieved 77 per cent of the lending target in 2011-12. Of the total credit target of Rs 25,233.44 crore set for all priority sectors in last fiscal, banks lent Rs 19,359.20 crore. In 2010-11, banks had fared comparatively better, logging credit flow of Rs 16,611.23 crore under all priority sectors, achieving 98.26 per cent of the targeted Rs 16,903.70 crore.
The ACP for all banks operating in the state has been pegged at Rs 27,789.28 crore for 2012-13, 10.12 per cent higher than Rs 25,233.44 crore set for the previous fiscal.
