Odisha govt notifies terms for doing business with banks

State has finalised 15-point eligibility criteria for banks to handle the operations of state PSUs

The Odisha government has finalised 15-point eligibility criteria for banks operating in the state to handle the business and deposits of state public sector undertakings (PSUs) and state level autonomous societies (SLAS). The banks will be selected to do the business for 2017-18.

For the selection of banks, the state government in consultation with the State Level Bankers' Committee (SLBC) has finalised 15 parameters to appraise the performance of the banks. As of now, 15 banks are authorised to transact the business of the PSUs and SLAs. In the list of eligible banks are 11 public sector lenders, two regional rural banks