‘Communication in local language will help banking’

If bank personnel communicate with customers in the local language, it will go a long way in boosting the business, said Udupi Zilla Panchayat Chief Executive Officer Prateek Bayal in Udupi on Tuesday.

If bank personnel communicate with customers in the local language, it will go a long way in boosting the business, said Udupi Zilla Panchayat Chief Executive Officer Prateek Bayal in Udupi on Tuesday.

Chairing the District Level Bankers’ Committee Review meeting at the district office complex, Rajatadri in Manipal, Mr. Bayal said if banks give 60% of the deposits as loans, as per the Reserve Bank of India’s guidelines, then it will help banks to improve the credit and dposit (C and D) ratio. Noticing that the C and D ratio of many banks was low, the official asked bank officers to take necessary steps to increase it.

The official said banks in Udupi district have given ₹40.15 crore in loans to 131 beneficiaries under the Pradhan Mantri Employment Generation Programme (PMEGP) to help entrepreneurs of the district develop livelihood activities and create employment opportunities.

He asked bankers to dispose of all applications under the PMEGP on a priority basis and release subsidy amount at the earliest.

The official asked bankers to dispose at the earliest all pending applications related to Pradhan Mantri Vishwakarma scheme.

Canara Bank regional manager Shiba Sahajan and District Lead Bank manager G. Harish also spoke.