JK Bank convenes DLRC meet
GK NEWS NETWORK
Srinagar, Nov 21: J&K Bank today convened a District Level Review Committee meeting of Islamabad (Anantnag) at Dak Bungalow Islamabad (Anantnag) to review the performance of banks, financial institutions and other line departments in implementation of Annual Credit Plan (ACP) 2012-13 for the quarter ended September 30, 2012.
The meeting was chaired by Additional District Development Commissioner (ADDC) Islamabad (Anantnag) Nissar Hussain. The meeting was attended by the heads of all line departments, banks, financial institutions besides MLC Nizamudin Khatana, CPO Islamabad (Anantnag) Muhammad Yousuf Tantray and AGM RBI Rakesh Raina.
Lead District Manager (LDM) Mufti Ghulam Muhammad informed the house about progress in the quarter under review. He said that 35.34% of target was achieved in priority sector advances amounting Rs 133.32 crore against target of Rs.377.28 crore for current financial year.
The achievement in agriculture sector was 45.40%, he added.
Regarding KCC, he said, out of 33183 sponsored cases Banks have sanctioned and issued 23457 cards to the farmers involving Rs.80.66 crores during the quarter, the bank in a statement said.
During the quarter, the deposits have increased by 14.19 % to Rs.2306.00 crores and advances have grown to Rs.1003.43 crores witnessing an increase of 16.45%.
Notably, J&K Bank has retained its 80% market share among all the banks in the District. Speaking on the occasion, Chairman DLRC Nissar Hussain stressed upon the need for total implementation of ACP and directed all the banks and line departments to gear up to achieve targets before end of current financial year.
He expressed dismay over the progress during the quarter under review.
Lastupdate on : Wed, 21 Nov 2012 21:30:00 Makkah time
Lastupdate on : Wed, 21 Nov 2012 18:30:00 GMT
Lastupdate on : Thu, 22 Nov 2012 00:00:00 IST
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