Canara Bank 154th SLBC Meeting held on 5th August 2021

Bengaluru : On behalf of Canara Bank and SLBC, Karnataka, Executive director of Canara Bank Sri Brij Mohan Sharma extended a warm and hearty welcome to Sri P Ravi Kumar Honorable Chief Secretary, Govt. of Karnataka, Smt. Vandita Sharma,Addl. Chief Secretary& Development Commissioner, GoK to the 154th SLBC meeting.  He also extended a warm welcome to Sri M Karthikeyan, General Manager, Officer in Charge, Reserve Bank of India, Shri Niraj Kumar Verma, Chief General Manager, NABARD, Coordinators of all Banks and other dignitaries who are present in this meeting.

He thanked all banking friends for the support extended during this testing time and also appreciated the efforts of government of Karnataka for successfully bringing the chain under control. He further thanked all the LDMs and health department, GOK for extending support to provide vaccination to our bank staff. Now it’s time for us to bounce back and restore the momentum of economic growth ensuring COVID protocol.

Government of India had initiated a number of schemes under Athmanirbhar Abhiyan namely ECGLS 1.0 to ECGLS 4.0, PMSvanidhi first and second tranche, PMFME, Agricultural infrastructural Fund scheme, AIF Animal Husbandry etc. He urged upon the bankers to achieve the target allotted under all these programmes.

He informed the house that Karnataka state rank 1stunder Mudra loans nd 5th position in case of PMSvanidhi scheme and requested for a better performance in implementing 2nd tranche of PMSvanidhi in the state.

Chief secretary and CGM NABARD informed that integration of FRUITS with banks is successfully implemented in Canara bank the district of Chikkaballapur. He requested all the member banks to get on-boarded in all their branches.

Under ACP the state as a whole has disbursed Rs.98626 Cr under MSME and achieved 105.95% of ACP under MSME. Disbursement under agriculture is Rs1, 26,457 Cr, there by achieving 112.71% of ACP. And total ACP achievement is at 143.75% of as on 31st March 2021.Total priority sector credit ACP achievement is at 95.99%.

There is a Y-o-Y growth of 14.85 % in deposits and 7 % in advances as on 31st March 2021.Y-O-Y growth in PSA is at 9.04% and that of agriculture is at 13.89%.

He appreciated all the Stake holders & Bankers operating in the Raichur district in making district as 99.95%&98.80% digitally enabled under SB and CA respectively which was selected under Expanding and Deepening of Digital Payments Ecosystem of RBI and requested AXIS bank to achieve 100%

He informed that Canara Bank has initiated CSR activity in Karnataka state during COVID pandemic and contributed Rs.1 Crore to CM Relief Fund for medical support and appealed Member Banks to contribute liberally.

He requested member banks to keep the momentum of overall growth in business, with special emphasis on priority sector advances and show glittering performance in this FY.

Chief Secretrary called for better performance of banks under PMAY under affordable housing and PMSvanidhi schemes.

Meeting concluded by vote of thanks by Sri Pankaj Thapliyal, DGM (FI), SBI LHO Bangalore.