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The recovery of the Bank Dues is of paramount importance for recycling of the funds : Rakesh Sethi

SLBC (1)M.M. Khanna, INVC, Chandigarh,
  • As On 30.09.2013, Advances In Haryana Increased By ` 21934 Crore From ` 125436 Crore To ` 147370 Crore Showing An Increase Of 17% Over 30.09.2012.
  • As on 30.09.2013, banks’ deposits in haryana increased by ` 23650 crore or 15% over 30.09.2012.
  • 544 new branches of commercial banks and regional rural banks
  • Have been opened in haryana from october 2012 to sept. 2013.
  • Chandigarh,12.11.13:the 126th meeting of state level bankers’ committee, haryana was convened by punjab national bank,the lead bank of the state of haryana at chandigarh today.
Shri Roshan Lal, IAS, Principal Secretary. Agriculture, Govt. of Haryana, was the Chief Guest of the Meeting. Sh Rakesh Sethi,Executive Director, Punjab National Bank presided over the meeting. Shri Ram Niwas, IAS, Principal Secretary,Development & Panchayats, Govt. of Haryana ,Shri A.V.Shimpi, General Manager, NABARD, Haryana, Shri Anjani  DGM, Reserve Bank of India, Chandigarh, Shri JK Gupta, Field General Manager and Convener, State Level Bankers’ Committee, Haryana, Dr. Rakesh Gupta, General Manager, PNB, HO, New Delhi, Senior Officers of the State Govt. and Controlling Heads of the Banks operating in the State of Haryana were among those who attended the meeting. While delivering his Keynote address, Sh Rakesh Sethi, Executive Director, Punjab National Bank & Chairman SLBC, congratulated the banks and State Government Departments for making it possible to maintain the precedence of holding SLBC meeting within the prescribed period of 45 days from the close of quarter.  Sh Rakesh Sethi said opening of one account per family both in Urban and Rural  areas has assumed more significance in view of the roll out of Direct Benefit  Transfer Scheme of Govt. of India through Aadhaar Enabled Accounts. Ministry of Finance, Govt. of India have also advised the banks for Installation of On-Site. ATMs in all the branches of PSBs/ RRBs and issuance of Debit Cards to all Account Holders in identified districts for providing access points for withdrawal of funds   by the beneficiaries of Direct Benefit Transfer Scheme.  In Haryana 4077 unbanked villages with population less than 2000 were identified and allocated to various SCBs for providing banking services. Out of these 1229 villages have been covered. But now, as per Department of Financial Services, MOF, GOI guidelines by Mapping of all Gram Panchayats, 3138 Sub-Service Areas have been worked out and allocated to banks in the State for providing banking services and facilitate implementation of Direct Benefit Transfer Scheme. For Urban Financial Inclusion, 1727 wards have already been allotted to banks.  Under the drive of Opening of One Account per Family, Banks have covered 2385383 & 1272924 Households as at Sept. 2013 in the Rural & Urban Areas respectively. Banks have been advised for opening of accounts of Migrant Labour, Street Vendors/ Hawkers in the state, said Shri Sethi.  While reviewing the performance of banks under various key parameters in the State of Haryana for the period from October 2012 to Sept. 2013, Sh Sethi informed that banking system in the State has achieved all National Goals Commercial Banks and RRBs have opened 544 new Branches during the period under review, raising the total number of branches to 3559 as at 30.09.2013. It is a matter of pride that Haryana does not have a Single unbanked block. With the installation of 622 ATMs from April 2013 to Sept. 2013, the tally of ATMs has gone upto 3993 as at 30.09.2013. The Total Deposits in Haryana have increased by ` 23650 Crore from ` 159453 Crore to ` 183103 Crore thereby showing an increase of 15% during the review period. Total Advances during the period from October 2012 to Sept. 2013 have increased by `21934 Crore i.e. from `125436 Crore to `147370 Crore registering a growth of 17%. Priority Sector Advances have increased from `60457 Crore as at Sept. 2012 to ` 68063 Crore as at Sept. 2013. Advances to Micro & Small Enterprises have  increased from `22061 Crore as at Sept. 2012 to ` 24320 Crore as at Sept. 2013,showing a growth of 10%. Weaker Sector Advances have also increased by` 2491 Crore on YOY basis from `14076 Crore as at Sept. 2012 to ` 16567 Crore as at Sept. 2013 showing growth of 18%. Overall CD Ratio as at SEPT. 2013 for State as a whole stands at 80%. Sh Rakesh Sethi expressed his satisfaction over the fact that no district in Haryana has CD Ratio below 40% as at Sept. 2013.  While speaking on Government Sponsored Schemes he requested the State Authorities to convey the targets to SLBC in the beginning of the 1st the year so that the sponsoring is evenly spread throughout the year. This will facilitate the bankers also to sanction & disburse the cases in time. Emphasizing the role of micro financing Sh Rakesh Sethi affirmed that there is a need to have close rapport between Haryana State Rural Livelihood Mission (HSRLM) and banks to help formation and linkage of SHGs. 53212 SHGs have been Saving-linked and 32826 credit-linked as at Sept. 2013.The percentage of Women  groups is appreciable at 71%.  As regards recovery of Bank’s Dues in Haryana is concerned, Sh Rakesh Sethi said that the recovery of the Bank Dues is of paramount importance for recycling  of the funds. 496 Recovery Certificate cases amounting to ` 14.11 Crore have been disposed of during the quarter ended Sept. 2013. 9704 cases amounting to ` 251.35 Crore are pending as at 30.09.2013 out of which 1359 cases involving an amount of `35.12 Crore are pending for more than 3 years. He requested the State Govt. authorities to devise a mechanism on the lines of Fast-Track Court for the disposal of recovery certificate cases expeditiously to make Haryana.  Agriculture Credit Operations & Misc. Provisions (Banks) Act (HACOMP ACT)  more effective. Besides this, periodicity of holding Lok Adalats should also be  increased to help the banks in the recovery of Bank Dues.  Sh Rakesh Sethi, Executive Director, PNB & Chairman of the meeting assured the State Govt. of full cooperation by member banks in discharging their responsibilities towards strengthening and uplifting the Socio-economic condition of the people of the State and achieving different missions set by the State. Government :  Delivering his key note address Chief Guest of the Meeting Sh. Roshan Lal, IAS, Principal Secretary, Agriculture, Govt. Haryana expressed pleasure to be associated with SLBC and congratulated Convener Bank for convening the meeting within 45 days from the end of the quarter. He apprised that Haryana is a water  deficient state and priority is to be given to water conservation schemes. With a view to save more water State Govt. has started many schemes. He urged upon   the bankers to lend liberally under these schemes to farmers adopting water   conservation techniques. There is a good scope for lending for animal husbandry schemes as productivity in agriculture sector has reached its peak. He showed    his concern over low lending by private sector banks. Shri Roshan Lal expressed happiness over the CD Ratio in the State but also urged the commercial banks to  step up their lending activities in the districts where the CD Ration is less than the  national average.  

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