The Deputy Commissioner, Santosh Sukhadeve, who also chairs the District Level Review Committee and District Consultative Committee, reviewed the banks’ performance for the first quarter of 2024 at his office on May 24.

Lead Bank Manager, Leh, Tsering Wangmo, apprised the DC about the CD ratio and reported that total deposits, as of March 2024, stood at Rs 5901.50 crore, compared to Rs 5637.82 crore in December 2023. She further noted that the total credit as of March 2024 was Rs 2813.48 crore, up from Rs 2795.23 crore in December 2023, indicating a credit growth of Rs 100.65 crore on a Q-on-Q basis. Consequently, the CD ratio for the quarter ending March 2024 has increased by 1.91%.

The District Development Manager, NABARD, Leh, Tsewang Dorjay, presented  a booklet of the Potential Linked Credit Plan 2024-25 to the DC.

The DC instructed the banks to adhere to the targets set for each bank, particularly in the category of Social Security Schemes, and to achieve these targets by the next quarter. Besides, he emphasised the importance of ensuring the functioning of digital payment systems, especially mobile applications.

 He directed all banks to conduct awareness camps during the summer season and meet their targets, considering the unavailability of people during the winter.

The Lead District Officer (LDO), Neha Mattoo, instructed  the banks to thoroughly review the Potential Linked Credit Plan. She also encouraged banks to raise their issues so that solutions could be planned during the quarterly meeting itself.

The meeting discussed bank-wise performances under various sectors, including priority and non-priority sectors further categorised into sub-sectors such as agriculture, agriculture infrastructure, MSME, education, housing, social infrastructure, renewable energy and others.

The performance of banks under various government-sponsored schemes like Pradhan Mantri Employment Generation Programme, Kisan Credit Card was also reviewed.

Representatives of the CRISIL foundation, that operates the Centers for Financial Literacy (CFL), discussed the centres they have set up in various blocks and requested banks to collaborate with them during field visits.

The meeting was also attended by ADDC, Leh, Sonam Nurboo,  and bank branch heads and representatives of the 18 public and private banks operating in Leh district.