Itanagar, Apr 9: State Level Bankers Committee (SLBC) meeting was held under the Chairmanship of Chief Secretary Naresh Kumar at CS Conference Hall, Civil Secretariat.

Not content with the performance of the Banks and other Financial Institutions in the State, he pointed out that the records are indicating that they are not working in the desired direction. The credit extended to the people for the priority sector is still very low, he said.

With not an encouraging State CD Ratio at 34.86 per cent as against the National Norms of 60 per cent, credit+investment ratio at 42.12 percent against National norm of 60 percent, and low performance in extending credit to Self Help Groups, KCC, PMAY under Atma Nirbhar Package and others, the Chief Secretary asked the banks and financial institutions to have a serious introspection and improve their performance for a better result.

I do hope that in the current financial year the Banks and Financial Institutions in the State will try to improve the performance especially on the priority sector of Government of Arunachal Pradesh and Government of India, he said.

The SLBC quarterly meeting for the quarter ended December 2020 was attended by Secretary Finance Y.W. Ringu, Secretary Industry Hage Tari, Regional Manager SBI D.K. Mahato, MD AP State Co-op Apex Bank, Chairman APRB, senior officers from NABARD, Planning Department, representatives from ICICI Bank, Bank of Baroda, Axis Bank, HDFC, Indian Bank and other Banks and financial institutions.