Biz top­pers and key statis­tics

Banking Frontiers - - Banking Scenario -

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.

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