Haryana banks achieve 99% of credit target

Reviewing the performance of banking sector in Haryana during the state-level bankers' committee (SLBC), Gauri Shankar, Executive Director, Punjab National Bank, said that the overall achievement of banks under Annual Credit Plan 2014-15 up to September 2014 was 99 per cent.

The target for the priority sector lending was Rs 36,130 crore. The achievement under agriculture, MSE and other priority sector is 95 per cent, 119 per cent and 97 per cent, respectively.

He added that banking system in the state has achieved all the national goals during the period: October 2013 to September 2014, the period under review.The total deposits of commercial banks/RRBs in Haryana have increased to Rs 203,698 crore as at September 2014 from Rs 183,103 crore as in September 2013, thus showing an increase of Rs 20,595 crore or 11 per cent over the corresponding period last year. Similarly, the advances during the review period have increased from Rs 147,370 crore to Rs 165,349 crore registering a growth of Rs 17,979 crore or 12%.

The priority sector advances have gone up from Rs 68,063 crore as in September 2013 to Rs 79,566 crore as in September 2014 recording an increase of 17%. The agriculture advances have increased from Rs 28,385 crore to Rs 32,155 crore, exhibiting a growth of 13%. The chairman called upon the bankers to educate the borrowers about timely repayment of the dues.