J&K Bank holds BLBC meetings in Srinagar

J&K Bank, which is the convener SLBC of the state, Friday conducted four back to back Block Level Bankers Committee (BLBC) meetings for the blocks Harwan, Khonmoh, Qamarwari and Srinagar to review the progress achieved in flow of credit to priority sector, sponsored schemes, financial inclusion and digital penetration during the quarter ended June 2019.

Besides reviewing the branch-wise achievements of these blocks during the June quarter, the credit plan for Qamarwari, Srinagar, Khonmoh and Harwanwith targets disbursement of Rs379 Cr, Rs542 Cr, Rs206 Cr and Rs236 Crrespectively for the current financial year across various sectors was also discussed at the meeting.

The banks were advised to ensure that the CD ratio of all the branches was brought uptothe benchmark of 60 percent during the current financial year and priority sector lending is maintained above the prescribed 40 percent level besides meeting the targets of all sponsored schemes.