Bank achieve 80% annual crop loan target in first half of FY24
The Hindu
Telangana banks disbursed ₹35,023 crore crop loan in first 6 months of fiscal, achieving 79.48% of annual target.
Banks in Telangana disbursed ₹35,023 crore crop loan in the first six months of the fiscal, up to September, achieving 79.48% of the annual target, according to the State Level Bankers’ Committee (SLBC).
Presenting a report on performance of the banks, during the first half of 2023-24, at the SLBC meeting here on Friday, SBI Chief General Manager Rajesh Kumar said ₹26,730 crore investment credit was disbursed by the banks to allied agriculture activities and thus meeting 67.97% of the targets.
The disbursements to micro, small and medium enterprises (MSME) segment stood at ₹67,723 crore, which was 124% of the target. Under Pradhan Mantri Mudra Yojana Scheme, banks sanctioned ₹4,485 crore and achieved 42% of the annual targets.
Disbursements to various sections of borrowers under Priority Sector totalled ₹133,819.21 crore until September. This was 72.21% of the annual target.
Total deposits of the banks increased by ₹52,153 crore in the six months taking the total deposits to ₹735,159.54 crore. Total advances increased by ₹99,283 crore. The advances of all banks were at ₹913,179.97 crore, Mr. Rajesh Kumar said. The CD ratio is at 124.22%.
Finance Secretary TK Sreedevi, RBI Regional Director K. Nikhila, NABARD CGM Ch Suseela and SBI General Managers PK Bansal and Debashish Mitra, who is also SLBC Telangana Convenor, spoke.
Almaya Munnettam (Lay People to the Fore), group in the Ernakulam-Angamaly Archdiocese of the Syro-Malabar Church opposed to the synod-recommended Mass, rejected a circular issued by Major Archbishop Raphael Thattil and apostolic administrator Bosco Puthur on June 9 to implement the unified Mass in the archdiocese from July 3.
Pakistan coach Gary Kirsten stated that “not so great decision making” contributed to his side’s defeat to India in the Group-A T20 World Cup clash here on Sunday. The batting unit came apart in the chase, after being well placed at 72 for two. With 48 runs needed from eight overs, Pakistan found a way to panic and lose. “Maybe not so great decision making,” Kirsten said at the post-match press conference, when asked to explain the loss.