Mr. Rajneesh Karnataka attends the State Level Bankers Committee’s 83rd meeting held on May 30, 2023 at Jharkhand
Jharkhand, June 1st, 2023: Mr. Rajneesh Karnataka, MD&CEO of Bank of India, Head Office chaired the State Level Bankers Committee’s 83rd meet held at Hotel Radisson Blu. The Honorable Finance Minister, Government of Jharkhand, Dr. Rameshwar Oraon who was the chief guest for the event. Some of the Prominent guests/members present in the meeting were Mr. Ajay Kumar Singh, Chief Secretary, Finance Department, Government of Jharkhand, Mrs. Deepti Jairaj, Special Secretary, Finance Department, Government of Jharkhand, Mr. Sanjeev Sinha, General Manager (Officer-in-Charge), Ranchi Regional Office, Reserve Bank of India, Mr. Sunil Kumar Jahangirdar, General Manager, NABARD, Regional Office, Jharkhand, Mr. Subodh Kumar, Deputy General Manager, SLBC, Jharkhand, Senior officials of various departments of the state government, State heads of all member banks, State Representative of Industries Association, Leading district manager of all 24 districts of the state.
The meeting was formally kicked off with the welcome address by Mr. Manoj Kumar, General Manager. He informed the meeting about the contribution of the annual loan scheme from 2010-11 to 2022-23 and told that in the year 2010-11, where it was even hard for the banks to achieve the annual loan target of 20,000 crores, today more than 04 times the amount is flowing with the annual loan scheme of 79000 crores. Mr. Kumar mentioned about the increase in the loan-deposit ratio in the current financial year and sought the cooperation of the banks in helping the state’s loan-deposit ratio cross the 50% mark by the end of the September quarter of financial year 2023-24. The General Manager urged the State Government to encourage new investors and infrastructure development in the State by linking banking with technology. Mr. Kumar informed that after the quarter of March 2023, total deposits stood at Rs. 3,07,414 crores, total loans at 1,38,545 crores, loan-deposit ratio at 45.07%, which is 6.37% more than last year (March’22).
Moving forward the program, the General Manager, referring to the achievements of the State Level Bankers’ Committee in March 2023, mentioned increasing the participation of private sector banks in the loan scheme promoted by the government. In order to take the banking facility to the masses in the state, it was informed about the target of opening a banking branch by June 2023 in all the villages having more than 3,000 population.
Mr. Sunil Kumar Jahangirdar thanked all the banks for their contribution in the development of the state and encouraged the banks to reach rural areas by establishing mutual relations with the concerned departments of the state for agriculture loans, especially animal husbandry, and fisheries he appealed for cooperation in increasing the income. Mr. Jahangirdar highlighted the issue of encouraging FPO (Farmers Producers Organization) and Self Liability Group (JLG) from banks in the state.
Further, Mr. Sanjeev Sinha, General Manager (Officer-in-Charge), Reserve Bank of India, Ranchi Regional Office highlighted the importance of the pioneering bank scheme of Reserve Bank of India and discussed the issue of making helpful decisions in the district level various banking committee meetings.
Dr. Rameshwar Uraon thanked the member banks of the State Level Bankers’ Committee Jharkhand for helping in the state’s maximum contribution, as well as helping the banks to protect the interests of the rural people of the state. Referring to the upcoming budget to be presented by the state government, he thanked the banks for participating in the pre-budget meeting and bringing many important issues to the notice of the government.
The newly appointed MD &CEO of the Head Office of the Bank of India thanked all the members present during the meet. Besides he also informed all the members about the important role of banks in the economic development and financial inclusion of the country and praised the cooperation of the state government in the integrated development of Jharkhand state. He gave many important suggestions for the development of the state and the strengthening of the banking system.
During the second phase of the meeting, Mr. Vibhi Kumar, Chief Manager of the State Level Banks’ Committee-Jharkhand, presented key topics through a comprehensive PowerPoint presentation. Also today, under the aegis of Bank of India National Banking Group-Jharkhand, camps were organized by Bank of India on the topic “Empowering camps through Mega public security and Financial Inclusion“. “Mr. Srinivasan Satak, Managing Director and Chief Secretary, Bank of India” participated in the Mega Public Safety and Financial Inclusion Empowerment Camp organized at Village Panchayat Saparom, Nagri, Ranchi. Today in 758 Gram Panchayats in all 24 districts of Jharkhand State, in which 8348 Pradhan Mantri Jeevan Jyoti Bima Yojana, 12365 Pradhan Mantri Suraksha Bima Yojana, 4557 Atal Pension Yojana, 5734 Pradhan Mantri Jan Dhan accounts 401 accounts were opened and overdraft facility was given, as well as loans worth 75.69 crores were sanctioned under various government-sponsored schemes in total 1411 loan accounts. Mr. Manoj Kumar, General Manager, Bank of India, National Banking Group, Jharkhand, said that such programs will be continued further.
Mr. Rajneesh Karnatak, Managing Director and Chief Executive Officer urged all the customers not to keep the benefits of government schemes limited to themselves only and take it from village to village and take full advantage of every scheme of the bank.
