Chidambaram to attend bankers meet in Bihar on May 11

Union Finance Minister P Chidambaram will participate in the state-level bankers meet (SLBM) at Rajgir on May 11 to motivate banks to further improve their functioning in the state, a state official said.
Chief Minister Nitish Kumar along with Chairman and Manging Director of lead banks would also participate in the important meeting, said Deputy Chief Minister and state Finance Minister Sushil Kumar Modi after a review meeting for SLBM committee for 2013-14 here.
Modi said during the bankers meet on May 11, the state government would tell Chidambaram about problems related to the banks functioning in the state.
Against a target of Rs 51,400 crore in 2012-13 under Annual Credit Plan (ACP), banks have achieved a success of Rs 44,520 crore, which is 86 per cent of the target, Modi said in a statement.

He said except UCO bank, rest other six lead banks in the state recorded a achievement of over 90 per cent of the target under ACP. UCO banks success was 85 per cent, he added.
For 2013-14 fiscal, the ACP annual target has been determined at Rs 62,000 crore.
He said the state government's stringent condition put before banks for deposit of state government's money has yielded good results as credit deposit ratio has risen to 40.17 per cent.