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HindustanTimes Tue,30 Sep 2014

Haryana, Punjab bankers committee meets

HT Correspondent, Hindustan Times  Chandigarh, August 13, 2014
First Published: 20:46 IST(13/8/2014) | Last Updated: 20:47 IST(13/8/2014)

The 129th meeting of state-level bankers committee (SLBC) for both Haryana and Punjab state was held on Wednesday.

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The meeting discussed and reviewed performance of banking sector in under various key parameters, including annual credit plan and government-sponsored schemes till June.

P Raghavendra Rao, additional chief secretary, urban local bodies, Haryana, was the chief guest for the meeting related to Haryana state, while Vini Mahajan, principal secretary, finance, Punjab, was chief guest during the meeting for Punjab.

The meeting for Haryana was chaired by Gauri Shankar, executive director, Punjab National Bank.

Addressing the gathering, Shankar said, "Financial Inclusion has very important role to play in achieving inclusive growth of our economy. Keeping this aspect in view, the union department of financial services, has drawn a comprehensive financial inclusion plan to be implemented in mission mode in two phases starting from August 15. This plan envisages provision of affordable financial services to all citizens within a reasonable distance."

Shankar said financial literacy programme had an important role to play in financial inclusion and financial empowerment of people by creating awareness about the services and facilities being extended by banks.

He further called upon the bankers to educate the borrowers about the timely repayment of bank dues.

He also requested the state government to help the banks in the early settlement of recovery certificates involving Rs. 339.22 crore pending as of June.

For Punjab state, it was informed that 802 new branches were opened since April 2013, thus raising the total number of branches to 5,469 as of June 30. It was shared during the meeting that no block of Punjab was unbanked and 254 ATMs during quarter ending June 2013 had been installed, taking their tally to 7,008 as of June 30.

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