Biz toppers and key statistics

The SLBC records in Goa shows that SBI is topping the deposits as of June 2019, with ` 173.87 bn, followed by Bank of India ` 73.35 bn, HDFC Bank ` 70.64 bn and Bank of Baroda ` 60.46 bn. SBI leads in loans as well with ` 40.87 bn, followed by HDFC Bank ` 23.33 bn, Canara Bank ` 17.82 bn and Bank of India ` 16.54 bn.

According to G. Ravindrnath, CGM, State Bank of India, some of the key areas which would help banks in achieving the targets would be agriculture, education, housing and export credit and better focus is required on improvement in CD ratio, advances to women beneficiaries and DIR advances, as also for making concerted efforts towards doubling of Farmers income by 2022. According to B. K. Mishra, regional director, RBI, there is need for improving CD ratio and performance under ACP in the state.

The total amount of deposits of all the urban cooperative banks in Goa as of June 2019, is ` 62.44 billion, which include ` 62.28 billion of domestic deposits and ` 158.5 million of NRE deposits. The total amount of advances of all the UCBs is ` 49.28 billion, with overall CD ratio of 78.93.

Phaldesai of Goa State Cooperative Bank says the total deposit of the bank for the Goa region is ` 19.08 billion. The bank has appointed a business development officer and it has been conducting financial literacy camps among the masses to create the awareness about the banking and various bank products. The total advances of the bank for Goa region is ` 13.29 billion and the advances have been mainly to sugar factories, Kamdhenu schemes and agricultural purpose. The gross NPA of the bank is 8.26% and net NPA 5.14%. “We have prepared turnaround plan up to 2021 to improve financials of the bank and so far the bank is moving and achieving in same directions,” says Phaldesai.