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DC for stern action against defaulting employee borrowers

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  22 March 2017 12:00 AM GMT

By our Staff Reporter
GUWAHATI, March 21: Reviewing performances of the banks for the quarter ended on December 31, 2016, Kamrup (M) Deputy Commissioner M Angamuthu, who is also chairman of the District Consultative Committee and District-Level Review Committee, has asked the bankers to devote themselves for the uplift of the economy.
Angamuthu asked the bankers to prove their abilities and capacities to handle a situation in need with utmost devotion, efficiency and politeness. “Now I advise you to devote yourselves for the repaid uplift of the economy of the district,” he said.
Angamuthu expressed his satisfaction at the works performed by the bankers, especially during the demonetization period and thereafter. He appreciated the bankers for their cooperation towards the digitalization works in the district and told that Kamrup(M) was the first district that could achieve various milestones— digitization of oil & LPG marketing points, digitations of Jhalukbari Railway Station, government hospitals and where even the DC’s office had been brought under digitized payment system.
Reviewing the performance of the banks in the district as on December 31, 2016 where priority sector achievement stands at 94 per cent against Annual Credit Plan Target for 2016-17 at Rs. 2000 crore with its sector wise achievements – Agril 95%, MSME-109% and specifically the KCC achievement stands at 90% of its fincial target and district as a whole both in priority sector an Non Priority Sector stands at 126% against Annual Credit Plan Target, Angamuthu expressed his satisfaction and hope that the performance of the banks will be much better in the last quarter ending March 2017. He hopes that the achievement will be more than 150% of the target set for this district for the fiscal 2016-17.
Interacting with bankers on their Non-Performing Assets (NPAs) Angamuthu assured the bankers of providing all support for the recovery of NPAs. He also assured them of taking stern action against the defaulting State Government employee borrowers whose account became NPA with the banks.
Commenting on the performance on Stand-up India Programme in which the district holds the first position among the north-eastern States as on date by fincing 131 proposals with an exposure of Rs. 29.67 crore, he appreciated the bankers and the line departments and told them that it is the result of team work.
Angamuthu also asked the bankers that have no rural operation/branches within the district to open at least one rural branch within the next fiscal.
Angamuthu further asked the bankers to dispose of the loan applications pending with them immediately and to ensure zero holding at bank-level as on March 31, 2017. He also told them that if any loan application is found pending with the banks as on March 31, 2017 it will be dealt seriously.

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