Increase credit-deposit ratio, says Shantaram

Posted on 2009-06-26
PANAJI: In order to increase credit deposit ratio, which is hardly 25 per cent in South Goa, banks should encourage lending in horticulture farming and make use of Farmers Clubs to propagate bank credit facilities in general, said Mr Shantaram Naik, MP at Margao on Thursday.
Mr Naik, who was addressing bankers at the South Goa District Level Review Committee Meeting, convened by the Lead District Manager on Thursday said that increasing of credit deposit ratio can also be attempted to as regards industrial sectors, by banks, by way of organising credit information seminars in every industrial estate where the problems of entrepreneurs vis-a-vis bank facilities, can be discussed and sorted out.
Mr Naik also said that loan recovery procedure of the banks should be fair and transparent so that debtors too would be inclined to cooperate with the banks.
Additional Collector of South Goa, Mr P K Velip expressed satisfaction at the relationship of banks with district level government authorities, but suggested further better coordination.
Mr Mohan Gaonkar, AGM of State Bank of India said that credit deposit ratio in South Goa was not satisfactory and suggested floriculture as one area in which banks can increase their lending by educating farmers in this sector.
DDM of NABARD, Mr Uday Kadam said that NABARD is there to help the banks in Goa in every sectors and advised banks to fill in the gaps in the target given to them.
At the outset Mr Arvind Velingkar, Lead District Manager gave the welcome address.