JK Bank conducts Shopian DLRC meeting

Srinagar: Jammu and Kashmir Bank conducted District Level Review Cum Consultative Committee (DLRCC) meeting Tuesday which was chaired by District Development Commissioner Shopian Sachin Kumar Vaishya (IAS). The mandatory meeting was organized by Shopian Lead Bank Office to review the performance of banks and line departments for the 3rd quarter ended December 2020 under District Credit Action Plan 2020-21. Besides Lead Bank Manager (LDM) Shopian Ghulam Rasool Dar, the meeting saw representatives from various banks and line departments in attendance.
DDC Shopian stressed on the need to increase awareness in every nook and corner of the district so that benefits of schemes launched by government reach to maximum people. He emphasized that schemes rolled out by Govt. of India under Atmanirbhar Bharat Abyan should be implemented in letter and spirit by all stake holders with close coordination.
Highlighting the achievement of the banks operating in the district for the period under review, LDM Shopian informed the house that the deposits portfolio recorded a YoY growth of 27.78% with total deposits amounting to Rs. 1445.30 Cr at the end of third quarter of the current FY. A YoY growth of 18.09% was registered in credit portfolio as total advances increased to Rs. 1474.80 Cr recorded at the end of third quarter out of which Rs. 1160.77 Cr were disbursed under Priority Sector and Rs. 314.10 Cr under Non-Priority Sector. Cash Deposit (CD) ratio for the district stood at 102.04%.