 "Banks, India banks")
The Yogi Adityanath government has expressed concerns over the low Credit Deposit Ratio (CDR) of commercial banks in Uttar Pradesh and nudged them to increase lending to the Micro, Small and Medium Enterprises (MSME) sector.
Currently, the CDR of banks stands at about 46% against the national average of about 70%. Chandigarh, Haryana, Punjab, Tamil Nadu, Delhi, Andhra Pradesh etc have higher CDR than the national average.
The domestic savings of a state with lower CDR flies to other more prosperous and industrialised state/economy. Low CDR indicates sluggish capital formation and investment capacity in an economy.
Now,
Currently, the CDR of banks stands at about 46% against the national average of about 70%. Chandigarh, Haryana, Punjab, Tamil Nadu, Delhi, Andhra Pradesh etc have higher CDR than the national average.
The domestic savings of a state with lower CDR flies to other more prosperous and industrialised state/economy. Low CDR indicates sluggish capital formation and investment capacity in an economy.
Now,
