State-level bankers’ panel holds quarterly review

State Level Bankers’ Committee (SLBC), Telangana has convened its 39th Quarterly Review meeting on Friday to review the performance of the banks for the quarter ended September 2023.
Rajesh Kumar, Chief General Manager, SBI, presented the performance of the banks in Telangana during the first half year of the current Financial Year 2023-24.
Total Deposits of the banks grew by Rs 52,153 crore during the first half year and the total deposits were at Rs 735,159.54 crore. Total advances with banks grew by Rs 99,283 crore and the advances of all banks were at Rs 913,179.97 crore.
Banks together have disbursed Rs 133,819.21 crore to various sections of borrowers under priority sector, recording an achievement of 72.21% of annual targets.
As far as the social security schemes are concerned, Banks have covered 137.39 lakh customers under Pradhan Manthri Suraksha Bheema Yojana (PMSBY) and 58.12 lakh customers under Pradhan Manthri Jeevan Jyothi Beema Yojana (PMJJBY). 17.57 lakh customers have subscribed for Atal pension Yojana scheme.
Under PM Svanidhi Tranche 1, banks have sanctioned 385,479 applications and disbursed loans to 381,220 street vendors. Under Tranche 2, banks have sanctioned 193,303 applications and disbursed loans to 184,381 street vendors.  Under Tranche 3, banks have sanctioned 33,818 applications and disbursed 32,499.
Under Agriculture Infrastructure Fund, banks have sanctioned Rs 1,656 crore against a cumulative target of Rs 1,875 crore for the current FY.
Dr TK Sreedevi Secretary (Finance), Government of Telangana, K Nikhila, Regional Director, Reserve Bank of India, Ch Suseela, CGM, NABARD, PK Bansal, GM, SBI, spoke on the occasion.
The meeting concluded with a vote of thanks by Debashish Mitra, General Manager and Convenor of SLBC, Telangana.