Tripura Minister unhappy with commercial banks

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Agartala, Nov 26 (UNI) Tripura Finance Minister Badal Choudhury today lashed out at commercial banks for their poor performance in disbursement of loans and failure to support the poor classes in the state.

Replying to a query in the Assembly here, Mr Choudhury stated that commercial banks had complaints that the rate of loan recovery was very poor and there was no legal instrument to deal with the situation and they had virtually forced the government to enact Public Demand Recovery Act in 2000.

''However, the banks have referred only a small number of cases to the competent authority for disposal and only 2,441 cases have been filed for non-payment of loans during the past three years.

Among them 1,077 cases have already been dismissed,'' he said.

''Our main intention was to bring balance between Credit and Deposit ratio and it yielded a positive result but it was not satisfactory,'' Mr Choudhury pointed out, adding at present the CD ratio was recorded at 34 per cent in Tripura against 66 per cent at national level.

He demanded the Centre's intervention to issue directive to the nationalised banks to increase credit ratio balancing the deposit.

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