Commercial banks not cooperating in Bihar`s devlopment: Nitish

Bihar CM Nitish Kumar on Wednesday charged commercial banks with adopting negative attitude towards the development of state and said that credit-deposit ratio of Bihar was hovering around 32% against the national average of 70%.

Patna: Bihar Chief Minister Nitish Kumar on Wednesday
charged commercial banks with adopting negative attitude
towards the development of the state and said that credit -
deposit ratio of Bihar was hovering around 32 percent against
the national average of 70 per cent.
Intervening in the reply to a short notice question raised
by Abdul Bari Siddiqui (RJD) who alleged that only Rs 120.90
crore had been spent under Swarn Jayanti Gram Swarojgar Yojna
against an allocation of Rs 570.57 crore during 2009-10, Kumar
said it was due to the neagative attiude of the commercial
banks.
He told the House that during the recent visit of RBI
governor Dr D Subbarao to Patna "I had raised the issue very
strongly and had told him about the low percentage of loans
advanced by the commercial banks though the deposits were on
the rise.

Referring to the suggestion of Ramdeo Verma (CPM) that a
special house committee be constituted to probe indepth the
role of banks, Kumar said he had no hestitation in accepting
the opposition demand but since the adminstrative functioning
of the banks were under direct control of the Centre, the
assembly secretariat should go into details whether the House
committee was competent to inquire the functioning of the
banks.

PTI

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.