Mr. Rajneesh Karnatak attends the State Level Bankers Committee’s 83rd meeting

Jharkhand, June 06^th , 2023: Mr. Rajneesh Karnatak, MD&CEO of Bank of India, Head Office chaired the State Level Bankers Committee’s 83rd meet held at Hotel Radisson Blu. Dr. Rameshwar Oraon, The Honorable Finance Minister, Government of Jharkhand was the chief guest for the event along with many other prominent guests/members were present in the meeting.

Mr. Manoj Kumar, General Manager informed the year 2010-11 was 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. He stated, 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. He 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).

Mr. Vibhi Kumar, Chief Manager of the State Level Banks along with Mr. Srinivasan Satak, Managing Director and Chief Secretary presented key topics like “Empowering camps through Mega Public Safety and Financial Inclusion Empowerment Camp organized at Village Panchayat Saparom, Nagri, Ranchi.

At present, 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. 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.