125th STATE LEVEL BANKERS’ COMMITTEE MEETING, HARYANA

HELD ON 13.08.2013

AT HOTEL SHIVALIK VIEW, SECTOR 17, CHANDIGARH.

 

DATE: 13.08.2013

CONVENER:   PUNJAB NATIONAL BANK



  • AS ON 30.06.2013, ADVANCES IN HARYANA INCREASED BY ` 20860 CRORE FROM `121088 CRORE TO `141948 CRORE SHOWING AN INCREASE OF 17.2% OVER 30.06.2012.

 

  • AS ON 30.06.2013, BANKS’ DEPOSITS IN HARYANA INCREASED BY `22319 CRORE OR 14.9% OVER 30.06.2012.

 

  • 403 NEW BRANCHES OF COMMERCIAL BANKS AND REGIONAL RURAL BANKS HAVE BEEN OPENED IN HARYANA FROM JULY 2012 TO JUNE 2013.

 

  • Chandigarh,13.08.13:The 125TH meeting of State Level Bankers’ Committee, Haryana was convened by Punjab National Bank, the Lead Bank of the State of Haryana at Chandigarh today. Shri Rajan Gupta, IAS, Principal Secretary (Finance), Govt. Haryana, was the Chief Guest of the Meeting.  Sh Rakesh Sethi, Executive Director, Punjab National Bank presided over the meeting. Shri Roshan Lal, IAS, Principal Secretary, Shri P.K.Das, IAS, Principal Secretary (Social Justice & Empowerment), Haryana, Shri Nitin Yadav, IAS, Director, Rural Development & Panchayats, Haryana, Shri Rajat Sachar, Economic Advisor, Department of Financial Services, MOF, GOI, New Delhi,, Shri M.K Singh, Regional; Director, Reserve Bank of India, Chandigarh, Dr D V Deshpande, Chief General Manager, NABARD, Regional Office, Haryana, Shri JK GUPTA, Field General Manager and Convener, State Level Bankers’ Committee, Haryana, Dr. Rakesh Gupta, General Manager, PNB, HO, New Delhi, Senior Officers of the State Govt. and Controlling Heads of the Banks operating in the State of Haryana were among those who attended the meeting.

 

While delivering his Keynote address, Sh Rakesh Sethi, Executive Director, Punjab National Bank & Chairman SLBC, congratulated the banks and State Government Departments for making it possible to maintain the precedence of holding SLBC meeting within the prescribed period of 45 days from the close of quarter.  

Sh Rakesh Sethi said opening of one account per family both in Urban and Rural areas has assumed more significance in view of the roll out of Direct Benefit Transfer Scheme of Govt. of India through Aadhaar Enabled Accounts.  Ministry of Finance, Govt. of India have also advised the banks for Installation of On-Site ATMs in all the branches of PSBs/ RRBs and issuance of Debit Cards to all Account Holders in identified districts for providing access points for withdrawal of funds by the beneficiaries of Direct Benefit Transfer Scheme.  

 

In Haryana 4077 unbanked villages with population less than 2000 were identified and allocated to various SCBs for providing banking services. But now, as per Department of Financial Services, MOF, GOI guidelines by Mapping of all Gram Panchayats, 3138 Sub-Service Areas have been worked out and allocated to banks in the State for providing banking services and facilitate implementation of Direct Benefit Transfer Scheme.  For Urban Financial Inclusion, 1727 wards have already been allotted to banks.  

 

Under the drive of Opening of One Account per Family, Banks have covered 2058488 & 1262760 Households as at June 2013 in the Rural & Urban Areas respectively. Banks have been advised for opening of accounts of Migrant Labour, Street Vendors/ Hawkers in the state, said Shri Sethi.

 

While reviewing the performance of banks under various key parameters in the State of Haryana for the period from July 2012 to June 2013, Sh Sethiinformed that banking system in the State has achieved all National Goals. Commercial Banks and RRBs have opened 403 new Branches during the period under review, raising the total number of branches to 3376 as at 30.06.2013.  It is a matter of pride that Haryana does not have a Single unbanked block.  With the installation of 345 ATMs from April 2013 to June 2013, the tally of ATMs has gone upto 3716 as at 30.06.2013.

The Total Deposits in Haryana have increased by `22319Crore from `150193 Crore to `172512 Crore thereby showing an increase of 14.9% during the review period. Total Advances during the period from July 2012 to June 2013 have increased by `20860 Crore i.e. from `121088 Crore to `141948 Crore registering a growth of 17.2%.

Priority Sector Advances have increased from `51180 Crore as at June 2012 to `64686 Crore as at June 2013. Advances to Micro & Small Enterprises have increased from `18942 Crore as at June 2012 to `24264 Crore as at June 2013, showing a growth of 28%. Weaker Sector Advances have also increased by`2633 Crore on YOY basis from `13327 Crore as at June 2012 to `15960 Crore as at June 2013 showing growth of 20%.

Overall CD Ratio as at June 2013 for State as a whole stands at 82%. Sh Rakesh Sethiexpressed his satisfaction over the fact that no district in Haryana has CD Ratio below 40% as at June 2013.   

While speaking on Government Sponsored Schemes he requested the State Authorities to convey the targets to SLBC in the beginning of the 1st quarter of the year so that the sponsoring is evenly spread throughout the year.  This will facilitate the bankers also to sanction & disburse the cases in time.

Emphasizing the role of micro financing Sh Rakesh Sethiaffirmed that there is a need to have close rapport between Haryana State Rural Livelihood Mission (HSRLM) and banks to help formation and linkage of SHGs.  52528 SHGs have been Saving-linked and 32287 credit-linked as at June 2013.The percentage of Women groups is appreciable at 71%.

 

As regards recovery of Bank’s Dues in Haryana is concerned, Sh Rakesh Sethi said that the recovery of the Bank Dues is of paramount importance for recycling of the funds.  1306 Recovery Certificate cases amounting to `27.14 Crore have been disposed of during the quarter ended June 2013.  8095 cases amounting to `207.24 Crore are pending as at 30.06.2013 out of which 1397cases involving an amount of`35.74 Crore are pending for more than 3 years.  He requested the State Govt. authorities to devise a mechanism on the lines of Fast-Track Court for the disposal of recovery certificate cases expeditiously to make Haryana Agriculture Credit Operations & Misc. Provisions (Banks) Act (HACOMP ACT) more effective.   Besides this, periodicity of holding LokAdalats should also be increased to help the banks in the recovery of Bank Dues.  

 

Sh Rakesh Sethi, Executive Director, PNB & Chairman of the meeting assured the State Govt. of full cooperation by member banks in discharging their responsibilities towards strengthening and uplifting the Socio-economic condition of the people of the State and achieving different missions set by the State Government.

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STATE LEVEL BANKERS’ COMMITTEE MEETING, PUNJAB

HELD ON 13.08.2013 AT HOTEL SHIVALIK VIEW,

SECTOR 17, CHANDIGARH

CONVENER:   PUNJAB NATIONAL BANK

 

-  511 NEW BRANCHES OF COMMERCIAL BANKS AND REGIONAL RURAL     BANKS HAVE BEEN OPENED IN PUNJAB FROM June 2012 TO June 2013.  NO BLOCK IN PUNJAB IS UNBANKED.

 

-   TOTAL DEPOSITS OF BANKS INCREASED BY ` 29423 CRORES SHOWING A GROWTH OF 16.61% FROM June 2012 TO June 2013.

 

- BANKS HAVE GIVEN LOANS OF RS.24296 CRORE IN THE STATE OF PUNAB SHOWING A GROWTH OF 17.24 % FROM June 12 TO June 2013.

 

Chandigarh,13.08.13:The 125th meeting of State Level Bankers Committee, Punjab was convened by Punjab National Bank, the lead bank for the state of Punjab, at Chandigarh.       Shri Parkash Singh Badal, Chief Minister, Punjab was the Chief Guest of the meeting Shri Rakesh Sethi Executive Director, Punjab National Bank, presided over the meeting. Shri Rajat Sachar, Economic Advisor, Department of Financial Services, MOF, GOI, New Delhi, Shri S.K.Sandhu, IAS, PS to Hon’ble Chief Minister, Punjab, Shri N.S.Kang, IAS, Financial Commissioner (Revenue),Punjab, shri D.P.Reddy, IAS, Principal Secretary (Finance), Punjab, Shri Jaspal Singh, IAS, Secretary ( Expenditure)-cum Director, IF&B, Govt. of Punjab, Shri Vikas Partap, IAS, Director-cum-Secretary (Industries), Punjab, Shri Arunjit Singh Miglani, IAS, Registrar Coop.Societies, Punjab, Shri Harpal Singh, Field General Manager & Convener SLBC Punjab, Shri M K Singh, Regional Director, RBI, Chandigarh, Shri Naresh Gupta, Chief General Manager, NABARD, Shri J K Gupta, Field General, Chandigarh, Dr. Rakesh Gupta, General Manager, PNB, HO, New Delhi, Senior Officers of the State Government and Controlling Heads of the Banks operating in the state of Punjab were among those who attended the meeting.

 

While delivering his Key note address Shri Rakesh Sethi, Executive Director, Punjab National Bank & Chairman SLBC meeting, congratulated the banks and State Government Departments for making it possible to convene SLBC meetings with in the prescribed period of 45 days from the close of quarter for the 10th time in a row. He called upon LDMs/Banks to follow their roadmaps very closely for providing banking services within timelines indicated therein in the unbanked villages with population below 2000 allocated to them.

 

 Touching upon the initiatives on Financial Inclusion by Department of Financial Services, Ministry of Finance, GOI, Shri Sethi advised the banks to Open one account per house hold in the allocated wards in urban and Sub Service areas in rural areas. He apprised that the exercise of Mapping and planning for BCAs or CSCs for Direct Benefit Transfer on Sub Service Area Approach has been completed for the State which would help in making BCA’s operations viable. He urged upon the Bankers to provide KCCs to all eligible and non defaulter willing farmers by implementing the revised scheme of KCC, which is lucid and farmer friendly. He apprised that Gurdaspur, SBS Nagar & Fatehgarh Sahib districts in Punjab are amongst those identified Pan India under phase-1 and Barnala and Jalandhar districts are identified in phase-2nd for rollout of direct benefit transfer under different schemes of Central Government.

 

While emphasizing for setting up of Rural Self Employment Training Institutes (RSETIs) in the state of Punjab, Shri Sethi apprised the House with happiness that RSETIs have been established in 18 districts and that the land has been allotted in 17 districts and in remaining 5 districts, allotment of land is under consideration. Shri Sethi asked the Department of Rural Development, Government of Punjab to expedite the process of allocation of land in remaining districts of the State for construction of premises of RSETI by the concerned Banks.

 

While reviewing the performance of banks under various key parameters in the State of PUNJAB for the period from July 2012 to June 2013, Shri Rakesh Sethi informed that banking system in the State has achieved all the National Goals.  Commercial Banks and RRBs have opened 511 new Branches since June 2012, thus raising the total number of branches to 4667 as at 30.06.2013 from 4156 branches as at 30.06.2012.  No Block of PUNJAB is unbanked.  The Banks in Punjab have installed 505 ATMs during the period commencing from July 2012 to June 2013 June 2013 taking their tally to 4988 as at 30.06.2013.  

 

The total deposits of Scheduled Commercial Banks & RRBs in Punjab have increased by ` 29423 crore from ` 177060 crore to ` 206483 crore thereby showing an increase of 16.61% during the review period. Total Advances during the period from July 2012 to June 2013 have increased by ` 24296 crore i.e. from ` 140866 crore to ` 165162 crore registering a growth of 17.24 % during review period.

 

He informed the house that the Banks in the State have achieved the National Goals in respect of Priority Sector, Agriculture Credit (Direct as well indirect) and lending to the Weaker Sector for the period ended June 2013.

 

Priority Sector Advances have increased by 14368 crore from ` 70335 crore as at June 2012 to ` 84703crore as at June 2013 showing a growth of 20.42%. Agriculture advances have increased by 6633 crore from ` 35882 crore as at June 2012 to ` 42515 crore as at June 2013 recording a growth of 18.48%. Advances to Micro & Small Enterprises have increased by 3693 crore from ` 28759 crore as at June 2012 to ` 32452 crore as at June 2013 showing a growth of 12.84%.  Shri Sethi informed that as per the recommendations of Prime Minister’s Task Force on Micro, Small & Medium Enterprises (MSMEs) under Chairmanship of TKA Nair, the banks are required to achieve year on year 20% growth in credit to Micro & Small Enterprises & 10% Annual growth in number of Micro Enterprises accounts.  Shri Rakesh Sethi urged upon bankers to monitor the progress in providing credit to this vital sector so that the stipulated targets are achieved for the state as a whole.

   

Shri Rakesh Sethi informed that Weaker Sector Advances in the State have increased by 4143 crore from ` 21265 crore as at June 2012 to ` 25408 crore as at June 2013 thereby showing a growth of 19.48%.  Overall advances to Minority Communities have registered an increase of ` 135.74 Crore from ` 414.15 Crore as at June 2012 to ` 529.89 Crore as at June 2013 witnessing a growth of 27.94%.  Advances to women beneficiaries witnessed an increase of ` 660.52 Crore from ` 9451.66 Crore as at June 2012 to Rs.10112.18 Crore as at June 2013, thus showing growth of 6.12%.    

 

Shri Rakesh Sethi said that Micro financing has assumed greater importance and the role of banks have become even more demanding.  There is need to have close rapport with NGOs and other agencies including Social Welfare Agencies to help formation and linkage of SHGs. 28546 SHGs have been Saving Linked and 19667Credit-linked up to June 2013in the State.

 

Earlier, while welcoming the participants, Sh. Harpal Singh, Field General Manager, Punjab assured the State Government of pro-active support from the banking system to accelerate the economy of the State on a faster pace.

 

Addressing the house Chief Guest of the meeting Shri Parkash Singh Badal, Hon’ble Chief Minister, Punjab urged upon the banks to :-

 

  • Improve CD Ratio in rural areas

  • Suitably increase the flow of credit to women and weaker sections of the society

  • Provide more credit to farmers under Debt Swap Scheme

  • Extend credit to farmers for diversification of crops and allied activities like diary, poultry, floriculture etc.

  • Finance more to rural youth for gainful employment to stop their migration from rural to urban areas

  • Increase the training period at RSETIs

  • Join hands for dispensation of credit in the state in a big way

  • Share the responsibility with the State Govt. In providing quality education to the brilliant students of the rural areas

  • Make first offer to Panchayats for providing its premises for opening of bank branch in the villages to increase their income

  • Help the State Govt. In getting back its glory


Shri Badal in his concluding address promised to waive ADC and CLU charges.

 

Delivering his key note address Chief Guest of the Meeting Sh. Rajan Gupa, IAS, Principal Secretary (Finance), Govt. Haryana expressed his happiness to be associated with this forum.