Shri Bhaskar Sen, CMD, UBI observed that althoughit will be a tough task to attain CD ratio of 40% without big ticket advance, all banks should initiate all possible steps to clear the backlog of sponsored proposals within March 2012. There should be sincere effort from all banks to achieve targets set under ACP 2011-12 to increase the CD ratio to the maximum extent possible. Revision of ACP 2011-12 at this stage may not prove effective.

Shri R Sundar, GM, NABARD stated that during last one year the outstanding credit has gone up by 21%. Most of our advances are Short Term in nature; if we intensify Long Term Credits the increase in outstanding credit will be sustained.

Shri G P Bhoumik, AGM, Zonal Office, UCO, Bank informed the house that they have disbursed about Rs 4.00 crore already during the current year and sanctioned proposals worth Rs 11.00 crore which would be disbursed shortly. The bank is confident of achieving the ACP target.

Dr K C Chakraborty, DG, RBI reminded the bankers that in addition to opening of branches in the allotted centers, they will also have to cover the 2000+ population villages allotted to them under FIP within March 2012. For sorting out the connectivity problems, monthly meetings may be arranged with BSNL. He also informed the bankers that banking services would be provided in the centers having population below 2000 since identified and allotted.. The BCs engaged in neighboring villages would be engaged to provide banking services in such villages. The motto would be to provide KCC to all farm households and GCC to non farm households.

As regards disposal of proposals under Govt. sponsored schemes, Dr Chakraborty observed that there is no reason to assume that bankers are not able to dispose of the eligible sponsored proposals within the year. It has been observed in the past that bankers have disposed of majority of the proposals during the second half of the year. Shri Chakraborty advised local office of RBI to review the position of disposal of proposals on a monthly basis and see that sponsored cases are disposed of on merit in time.

Smt. Soma Deb, Dy Director, Tribal Welfare Dept. , GoT informed thatthere has been absolutely no progress in providing financial assistance of Rs 1.50 lac to each surrendered extremists. Tripura Gramin Bank is supposed to allow the assistance against deposits to be created out of Govt. grant in the names of the said surrendered extremists. However,Chairman TGB expressed ignorance of any such Scheme.

Dr K C Chakraborty, DG, RBI advised Shri A K Pandey, GM, RBI, Agartala Office to look into the matter. TGB was advised to take up the matter with the Govt. deptt. to improve their asset quality as these advances are considered totally safe and secured.

The representative of TCARD Bank wanted to know when recommendations of Baidynathan Committee in respect of Long Term Loans would be implemented. Shri R Sundar informed the house that so far no decision has been taken in this regard. However, some relief is being allowed to Weavers at present.

Dr J Mondal, Director, RUDSETI, Agartala raised the issue of SLBC approval of RUDSETI set up in Agartala by Syndicate Bank and Canara Bank. Shri Manoj Kumar, Commissioner & Secretary, Finance Dept., GoT made it clear that as the district was allotted to TGB for setting up of RSETI earlier, land will be allotted to them for creating permanent structure thereon under assistance of Central Govt. However, The State Govt. will provide premises to RUDSETI for functioning in Tripura (W) district.

Dr K C Chakraborty, DG, RBI summed up the discussion and the action points emerged as follows:

• Banks to open the branches at 19 centres allotted to them as per their commitment given in the meeting. (Action: All banks)


• In case of Oriental Bank of Commerce, the centre allotted to them was found to be operationally difficult (nearly 200 kms away from their nearest branch at Agartala). Therefore, that centre may be allotted to some other bank. Another nearby centre may be, however, allotted to Oriental Bank of Commerce. (Action: SLBC)


• In respect of 6 new centres identified by the State Govt., a fresh survey would be conducted under the auspices of SLBC (comprising of members from SLBC, RBI, NABARD, State Govt. and another commercial banks as earlier) to ascertain the commercial viability, growth potential, security aspect and availability of infrastructure etc. (Action: SLBC)


• SLBC to prepare a roadmap for extending banking services to villages with population of 1000+ but less than 2000. DG (KCC) clarified that the idea is to extend banking services to all these villages at least for a few days of the month. For this, it was suggested that based on the earlier allocation of 419 villages of population 2000+, nearby villages of population of 1000+ but less than 2000 may be identified and allocated to the respective banks for covering these villages on at least a few days in a month by the BC of the respective 2000+ villages nearby. (Action: SLBC in association with all banks)


• It was also suggested that enabling conditions such as opening of new bank branches and coverage of villages with population of 2000+, as also notional coverage of villages with population of 1000+ and less than 2000 under BC model will help in expanding the base for banks to extend more credit. All the banks operating in the State should strive hard to expand their credit portfolio - the lead to be taken in achieving the recast ACP lies with the four major players namely, SBI, UBI, TGB and TSCB. (Action: All banks)


• Further, increase in the CD ratio would, however, be possible only with bigger investments and projects coming to the State. Since CD ratio is a derived entity, which depends on many factors like deposit base, credit base etc., a review in this regard would be possible at the end of the financial year, when advances outstanding figures would be available. (Action: SLBC, All banks)


• In view of the short-term nature of the majority of the loans disbursed in the State, SLBC to monitor advances outstanding in respect of various sectors apart from the disbursements. This will help to monitor the CD ratio in turn. (Action: SLBC)


• All banks to issue circulars at the earliest to their branches enabling them to extend loan to the forest land 'patta' holders. Ac copy of this circular is to be furnished to the SLBC Convenor.This is to be monitored by SLBC and RBI Agartala is to be kept informed. (Action: All banks, SLBC)


• A meeting with fisheries department and major banks is to be arranged by RBI, Agartala office in association with SLBC to facilitate credit to fisheries.(Action: RBI, SLBC, major banks, State Govt)


• The performance of major banks in respect of the Govt. sponsored schemes is to be monitored by the SLBC on a quarterly basis. (SLBC, all concerned banks)


• TGB to take up with the concerned line department to clear the imbroglio in respect of the Scheme for Surrendered Extremist. (Action: TGB and State Govt.)


• Banks to continue with the Financial Literacy and Awareness Camps (FLACs) as per the roadmap prepared by the SLBC. Remaining camps may be organized by banks as per schedule. (SBI, UBI, TGB and TSCB)


• Banks should achieve the targets set for loans under KCC for the year 2011-12 within the stipulated period. Proposals sponsored by the State Govt. are to be disposed of on priority basis. The scale of finance suggested by District Level Technical Committee (DLTC) should be followed. (Action: All banks concerned)


• State Govt. to allot land/premises to RSETI promoted by TGB for Tripura (West) district. State Govt. to also provide land/premises to the RUDSETI promoted by Syndicate Bank and Canara Bank. (Action: State Govt).

Vote of Thanks.

Thereafter, Shri C Balachandran, Dy. General Manager and Chief Regional Manager, UBI extended his thanks to Shri Manik Sarkar Hon'ble Chief Minister of Tripura, Shri Badal Choudhury, Hon'ble Finance Minister of Tripura, Dr K C Chakraborty, Dy Governor, Reserve Bank of India, Shri Bhaskar Sen, CMD, United Bank of India & Chairman, SLBC (Tripura), Ms Surekha Marandi, Regional Director, RBI, Guwahati, and other dignitaries for their valued contribution to the discussion. He expressed his hope that the bankers will sincerely implement the decisions taken in the meeting with an objective to fulfill the commitments that have been made in todays meeting. Shri. Balachandran also extended sincere thanks to all the dignitaries / participants who have made the meeting purposeful.

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