SBI questions Bengal's absorption ability as state FM asks for better CDR

Amit Mitra has asked SBI to improve CDR in West Bengal

Even as West Bengal Finance Minister Amit Mitra upped his pitch over State Bank of India (SBI) — the country's largest bank — to increase its credit-deposit ratio (CDR) in the state by disbursing more loans, the bank's Chairman Arundhati Bhattacharya questioned the state's ability of credit absorption.

At an event organised by industry body FICCI, Mitra alleged that SBI's CDR in West Bengal stands at 50.58 per cent against the sector's CDR of 64 per cent in the state and 74 per cent pan-India.

"This is not acceptable. CDR of SBI and other banks have to improve", Mitra said.

Bringing in various data