Home Corporate Businesses 154th SLBC meeting held on August 5

154th SLBC meeting held on August 5

On behalf of Canara Bank and SLBC, Karnataka, Executive director of Canara Bank Sri Brij Mohan Sharma extended a warm and hearty welcome to Sri P Ravi Kumar Honorable Chief Secretary, Govt. of Karnataka, Smt. Vandita Sharma,Addl. Chief Secretary& Development Commissioner, GoK to the 154th SLBC meeting.  He also extended a warm welcome to Sri M Karthikeyan, General Manager, Officer in Charge, Reserve Bank of India, Shri Niraj Kumar Verma, Chief General Manager, NABARD, Coordinators of all Banks and other dignitaries who are present in this meeting.

by Prittle Prattle Team

On behalf of Canara Bank and SLBC, Karnataka, Executive director of Canara Bank Sri Brij Mohan Sharma extended a warm and hearty welcome to Sri P Ravi Kumar Honorable Chief Secretary, Govt. of Karnataka, Smt. Vandita Sharma,Addl. Chief Secretary& Development Commissioner, GoK to the 154th SLBC meeting.  SLBC He also extended a warm welcome to Sri M Karthikeyan, General Manager, Officer in Charge, Reserve Bank of India, Shri Niraj Kumar Verma, Chief General Manager, NABARD, Coordinators of all Banks and other dignitaries who are present in this meeting.

SLBC: He thanked all banking friends for the support extended during this testing time and also appreciated the efforts of government of Karnataka for successfully bringing the chain under control. SLBC He further thanked all the LDMs and health department, GOK for extending support to provide vaccination to our bank staff. SLBC Now it’s time for us to bounce back and restore the momentum of economic growth ensuring COVID protocol.

Government of India had initiated a number of schemes under Athmanirbhar Abhiyan namely ECGLS 1.0 to ECGLS 4.0, PMSvanidhi first and second tranche, PMFME, Agricultural infrastructural Fund scheme, AIF Animal Husbandry etc. He urged upon the bankers to achieve the target allotted under all these programmes.  

SLBC He informed the house that Karnataka state rank 1stunder Mudra loans and 5th position in case of PMSvanidhi scheme and requested for better performance in implementing 2nd tranche of PMSvanidhi in the state.

Chief secretary and CGM NABARD informed that integration of FRUITS with banks is successfully implemented in Canara bank the district of Chikkaballapur. He requested all the member banks to get on-boarded in all their branches.

Under ACP the state as a whole has disbursed Rs.98626 Cr under MSME and achieved 105.95% of ACP under MSME. Disbursement under agriculture is Rs1, 26,457 crore, thereby achieving 112.71% of ACP. And total ACP achievement is at 143.75% as of 31st March 2021. Total priority sector credit ACP achievement is at 95.99%.

There is a Y-o-Y growth of 14.85 % in deposits and 7 % in advances as of 31st March 2021.Y-O-Y growth in PSA is at 9.04% and that of agriculture is at 13.89%.

He appreciated all the Stake holders & Bankers operating in the Raichur district in making district as 99.95% & 98.80% digitally enabled under SB and CA respectively which was selected under Expanding and Deepening of Digital Payments Ecosystem of RBI and requested AXIS bank to achieve 100%.

He informed that Canara Bank has initiated CSR activity in Karnataka state during COVID pandemic and contributed Rs.1 Crore to CM Relief Fund for medical support and appealed Member Banks to contribute liberally.
He requested member banks to keep the momentum of overall growth in business, with special emphasis on priority sector advances, and show glittering performance in this FY.
Chief Secretary called for better performance of banks under PMAY under affordable housing and PMSvanidhi schemes. Meeting concluded by vote of thanks by Sri Pankaj Thapliyal, DGM (FI), SBI LHO Bangalore.
Widely known for customer centricity, Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. Canara Bank is the fourth-largest public sector bank in the country after its amalgamation with Syndicate Bank in April 2020.
Also read : At present, it is functioning with 10,491 Branches, 3075 Rural, 3175 Semi- Urban, 2103 Urban & 2138 Metro along with 12973 ATMs throughout. The Bank has gone through various phases of its growth trajectory over the hundred years of its existence
. The growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. In June 2006, the Bank completed a century of operation in the Indian banking industry. The eventful journey of the Bank has been characterized by several memorable milestones. Today, Canara Bank occupies a premier position in the comity of Indian banks.

This article is shared with Prittle Prattle News in the form of a Press Release.

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