Telangana Bank deposits increase by Rs 24,102 crores in quarter
At the State Level Bankers' Committee (SLBC) meeting on monday for a review of the quarter ending june 2023, SBI's top general manager reported that total deposits in banks increased by Rs24,102 crore in the quarter, bringing the total deposits to Rs7,07,108 crore.
"The total advances with banks grew by Rs16,655 crore and the advances of all banks were at Rs830,551 crores," SBI's chief general manager Rajesh Kumar said. CD ratio is at 117.46%, which is still above 100%. Banks have disbursed short-term production loans of Rs. 11,929 crore during the first quarter of the current fiscal year, exceeding 27% of the annual objective.
Additionally, banks provided Rs 17,315 crore in investment credit to the agricultural and related industries, meeting 35% of the target for auxiliary activities. In the quarter, loans for housing and education totaled Rs70 crore and Rs882 crore, respectively, while loans to MSMEs totaled Rs44,068 crore, meeting 81% of the objective.
"Banks approved Rs 1,662 crore under the Pradhan Mantri Mudra Yojana Scheme, meeting 16.48 percent of the yearly target. Together, banks have disbursed Rs75,040 crore to various borrower groups in the priority sector, meeting 48.12% of yearly targets, according to Rajesh Kumar. Banks approved 5,26,780 applications for the PM SVAnidhi's three tranches and gave loans to 5,22,946 street sellers.
"The total advances with banks grew by Rs16,655 crore and the advances of all banks were at Rs830,551 crores," SBI's chief general manager Rajesh Kumar said. CD ratio is at 117.46%, which is still above 100%. Banks have disbursed short-term production loans of Rs. 11,929 crore during the first quarter of the current fiscal year, exceeding 27% of the annual objective.
Additionally, banks provided Rs 17,315 crore in investment credit to the agricultural and related industries, meeting 35% of the target for auxiliary activities. In the quarter, loans for housing and education totaled Rs70 crore and Rs882 crore, respectively, while loans to MSMEs totaled Rs44,068 crore, meeting 81% of the objective.
"Banks approved Rs 1,662 crore under the Pradhan Mantri Mudra Yojana Scheme, meeting 16.48 percent of the yearly target. Together, banks have disbursed Rs75,040 crore to various borrower groups in the priority sector, meeting 48.12% of yearly targets, according to Rajesh Kumar. Banks approved 5,26,780 applications for the PM SVAnidhi's three tranches and gave loans to 5,22,946 street sellers.