Palakkad’s plummeting CD ratio causes concern
The Hindu
Raise it to an ideal 75%, banks told at review meet where several institutions were pulled up for failing to disburse loans
A district-level banking review meeting here on Wednesday raised concern at the sharp fall in Palakkad’s credit-deposit (CD) ratio. Several banks were pulled up for failing to disburse loans in the first quarter ending June.
Reviewing the banking statistics, Lead District Officer and Assistant General Manager of the Reserve Bank of India V.V. Visakh urged the banks to raise the CD ratio to an ideal 75%. “You should spend a minimum of three-fourths as loans,” Mr. Visakh said.
He warned that Kerala had become the State with the lowest CD ratio in the country. “This is a matter of serious concern. You are making deposits; and other States are giving in loans,” he said.
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