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Sunday, December 17, 2017

BANK ACCOUNT RELATED NEWS

If you have more than one account in the bank, then definitely read this news. In the meeting of the State Level Bankers Committee, these instructions have been given to these accounts, which may increase your concern. Banks should not encourage more than one account of one person. Instead, banks should close other accounts by linking one account of each person to the base. This was stated by Principal Secretary, Rural Development, Onkar Sharma, on Saturday, chaired by the State Level Bankers Committee on the 146th Quarterly Review Meeting. Sharma said that the decreasing credit-deposit ratio in the state is a matter of concern for the banking sector and there is a need to address this issue in financial management. NPAs of banks increased They emphasized on promoting digital transactions. Insurance companies asked to settle insurance claims on time. The banks asked to organize financial literacy camps regularly. He asked the deployment of security guards to strengthen the security of the ATM. He directed the banks to provide Kisan Credit Card to all the farmers of the state and emphasized the need to provide liberal credit in agriculture and horticulture areas. He asked the banks to provide liberal financial assistance to the small and medium enterprises under Prime Minister Money Scheme. However, he expressed concern over the increasing NPAs of banks with a total amount of Rs 2041.28 crore. Said that the NPA ratio in the state has reached 5.69 percent. At the meeting, Executive Director of UCO Bank, G Subrahmanyam Iyer said that the goal of the government is to digitally strengthen the country by developing internet connectivity and high speed digital infrastructure to the rural areas. Apart from this, General Manager of Reserve Bank of India Ramesh Chand, Chief General Manager of NABARD Kishan Singh, UCO Bank's General Manager UC Sharma, Special Secretary Finance Hansraj Sharma, UCO Bank Deputy General Manager Vivek Kaul, various departments, corporations, insurance companies of the state government And the officials of the bank were present in the meeting.