Page 28 - BANKING FINANCE JUNE 2016

PRESS RELEASE

Banks to lend rs. 2,54,903/- crore in Maharashtra this year

Bank of Maharashtra, Convener of the State Level Bankers' 77,458/- crore of which Crop Loans constituted Rs. 51,235/
Committee (SLBC) for Maharashtra State, convened 131st - crore and Investment loans constituted Rs.26,223/- crore.
meeting of SLBC on 11.05.2016. Shri Devendra ji Fadnavis, He informed the house that despite various natural
Hon'ble Chief Minister of Maharashtra, had kindly calamities faced by the State during the past many seasons,
consented to be the Chief Guest for the meeting. the achievement of the State under ACP 2014-15 was 107%
of the target for total Priority Sector and that for
The meeting was attended by Minister for Cooperation, Shri Agriculture was 109% of the target; achievement under
Chandrakant Patil, Minister of State for Cooperation, Shri other priority sector being 106% of the target.
Dadaji Bhuse, Chief Secretary, Shri Swadheen Kshatriya,
Additional Chief Secretaries, for Finance, Planning, The Chief Minister while delivering key note address
Agriculture & Marketing, Secretary for Cooperation, expressed happiness over the performance of the year
Commissioner, Cooperation and Commissioner, Agriculture 2015-16. However, he felt that, though the performance
among other officials. Regional Directors of Reserve Bank was improving, much ground needed to be covered. He
of India, Chief General Manager, NABARD, General opined that the micro level indicators must improve along
Managers of member Banks, other senior executives of with macro level. He informed that share of Agriculture in
Reserve Bank of India, NABARD and other member Banks Maharashtra was 11%, but 45%-50% people dependent on
and selected Lead District Managers also attended the Agriculture which puts pressure on economy as there was
meeting. negative growth in agri sector.

The Chairman of SLBC and Chairman & M.D. of Bank of He hoped for good monsoons this year and appealed all the
Maharashtra, Shri Sushil Muhnot while welcoming the stake holders to work together for improvement of
dignitaries initiated the discussions and informed the house performance of each and every sector so that farmers will
that focus of the discussions during the meeting would be be in a position to repay their loans and pressure on bank
on finalization of State Annual Credit Plan (ACP) 2016-17 finance would decrease. He informed the Government's
including Crop Loan Disbursements. He hoped that at Rs. expectations about increasing the coverage of farmers and
2,54,903 /- crore for Priority Sector, the State Annual Credit bringing up to 80% of the farmers under institutional credit.
Plan for 2016-17 would also be at the first rank in the He also asked to bring those farmers under institutional
country as earlier years. He informed that for 2016-17, the credit who were earlier granted loans but had gone out of
target for disbursement under Agriculture was set at Rs. the system for bringing them out of the debt trap.

Karnataka Bank Launches 'Cash Back Campaign' on Visa Debit Cards

Karnataka Bank, a premier private sector Bank, has
launched 'Cash Back Campaign' on its VISA Debit Cards.
The campaign will be in force for one month from 10th
May 2016 to 10th June 2016, under which more than
3200 cardholders i.e., top spenders both in terms of
value & volume of transactions, will get Cash Back
aggregating to Rs.10,00,000/-. Cardholders who have
done minimum 5 POS (swiping) /Online transactions
with a min value of Rs.200/- each will qualify.

" As a step towards providing value added services to our loyal customers, we have launched this attractive Cash Back
Campaign, wherein the top spenders of Bank's VISA Debit cardholders will be rewarded with Cash Back upto Rs.10,000/
-. We are sure that all our Debit Cardholders will make extensive use of their VISA Debit cards for their purchases (both
Swiping and Online transactions) and take advantage of this exciting offer" said Shri P Jayarama Bhat, Managing Director,
on the occasion of launching of Cash Back Campaign at Bank's Headquarters at Mangaluru.

28 | 2016 | JUNE | BANKING FINANCE

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