Guv stresses increase in CD ration in J'khand

Ranchi, Feb 26 (UNI) Expressing concern over low credit-deposit ratio in Jharkhand, Governor Syed Sibtey Razi today said the banks should stick to the norms clearly framed in this regard.

Inaugurating the new office building of Syndicate Bank at Hazaribagh road, the governor pointed out that only 40 per cent of the total deposit was spent in the state.

He said according to existing norms, the banks were required to spend 60 per cent of the total deposits for developmental activities which was only 40 per cent in the state.

He urged the banks to take note of the lapse.

The governor also stressed the need of simple rules and regulations to facilitate common people to benefit from their services without much hindrance.

UNI