Ranchi District Review: Banks Face Pressure to Boost Lending

Ranchi District Lending Review

A recent meeting led by Deputy Commissioner Manjunath Bhajantri in Ranchi reviewed lending activities across various banks in the district. The focus was on improving credit-deposit ratios, addressing Non-Performing Assets (NPAs) under government schemes, and ensuring proper bank branch coverage. Banks were directed to increase credit-deposit ratios, particularly those lagging behind the national average, and swiftly resolve pending loan applications. The meeting also covered loan distribution under the Mudra scheme and the crucial task of linking Self-Help Groups with banking facilities. Key concerns included ensuring proper Aadhaar seeding for bank accounts and maximizing the utilization of government schemes.