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Front Page

Tuesday August 17th
. BSTDC Set To Sign MoU For Cruise In Ganga (0 comments)
. New Officers Training Academy To Be Set Up In Bihar (0 comments)
. Proposed Rule For Selecting Students Of IITs Opposed (0 comments)

Monday August 16th
. Going Online: IT Majors Take Tech Route To Hiring (0 comments)
. Gaya Airport To Be Developed As Govt Refuses Land for Patna (0 comments)

Sunday August 15th
. Bihar Agri Institute To Help Region With Tech, Seeds (0 comments)
. Bihar Govt Draws Rs 570 Crore For Diesel Subsidy For Farmers (0 comments)

Saturday August 14th
. Bihar To Declare More Districts Drought-Hit (0 comments)

Friday August 13th
. BSNL Comes Up With Spl Offers (0 comments)
. No Tieup In Bihar: Congress (0 comments)
. CM Lays Stone For Police Academy At Rajgir (0 comments)
. Bihar Brains Shine In IAS Exam, Again (0 comments)
. New Central Varsities Facing Infrastructure Problems (0 comments)

Thursday August 12th
. Govt Signs MoU To Develop Tourist Sites (0 comments)
. City Roads To Be Named After Freedom Fighters (0 comments)
. Tourism Given Industry Status In Bihar (0 comments)
. Bihar To Extend IT Benefits To Agriculture Sector (0 comments)
. Bihar Industries Association (BIA) Asks Govt To Give Tax Relief To Industries (0 comments)
. Work On Jagjiwan Bridge May Be Completed By Sept 2011 (0 comments)
. CM Lays Foundation Stone Of CIMP at Mithapur Institutional Area (0 comments)

Tuesday August 10th
. HC Stays New Apartments Buildings In Kidwaipuri Area (0 comments)
. Areva To Deliver Eastern Grid Sub-Station To Power Grid in Bihar (0 comments)

Monday August 9th
. City Likely To Have Ganga Riverfront Soon (0 comments)

Saturday August 7th
. Patna University (PU) Colleges, PG Depts To Be Wired (0 comments)

Thursday August 5th
. Bihar To Seek Rs 15,000-Crore Central Package For Drought (0 comments)

Wednesday August 4th
. New Infra In Bihar Provides Greater Access To Mkts And Schools; spurs Economic Activity In State (0 comments)

Tuesday August 3rd
. Bihar Declares 28 of 38 Districts Drought-Hit (0 comments)
. Snag In Underground Cable Hits Power Supply (0 comments)
. Bihar Sees A Growing Tribe Of Rural Migrants (0 comments)

Monday August 2nd
. Work On New BG Lines on Jayanagar-Darbhanga-Sitamarhi-Bargania-Bikhnatori Route In Full Swing (0 comments)

Older Stories...

Bihar Needs Business-Like Approach To Improve Credit Flow: RBI

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Reserve Bank of India Deputy Governor KC Chakrabarty has emphasised the need for banks to adopt a "business-like approach" to sort out Bihar's problem of low credit deposit ratio.

The state has a credit deposit ratio or loan assets created by banks from deposits received at about 32 per cent.

Addressing the State Level Bankers' Committee (SLBC) meeting in Patna on Friday evening, Chakrabarty said the state must adopt a "business-like approach with focused agenda" to discuss and resolve all banking problems and find out the reasons for low credit flow.

"It will be better to discuss the issue to resolve the problems," he said, adding that the meeting must be more business like instead of making speeches and leaving the matter to ministers.

Chakrabarty said banks have to reach every family in villages with more than 2000 people within the planned, targeted period, and every family ought to have at least one Kisan Credit Card (KCC).

He said the state cannot take refuge in the fact that it does not have good educational institutes for poor off-take of loans.

"Education loans are being given to students who read in Delhi, Bangalore and other big cities. The alibi that Bihar has no good institution, is not tenable. Banks are doing good, but a lot more is needed to be done. The credit must flow. The cash deposit ratio has to improve," the RBI deputy governor said.

Source: Economic Times Bihar needs business-like approach to improve credit flow: RBI

By ugesh sarkar, Section Finance & Taxes
Posted on Wed Jan 20, 2010 at 01:21:14 AM EST
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