359/2024-2025

Serchhip the 10th December, 2024 : Serchhip District conducted its District Level Committee meeting today to review the performance of banks during the July-September 2024 quarter. The meeting was chaired by Serchhip Deputy Commissioner (DC) Pu Paul L. Khuma.

Pu Paul L. Khuma highlighted the critical role of banks in improving the financial well-being of the people. He urged the banks to take proactive steps to enhance loan and banking services for public benefit. He also encouraged underperforming banks to improve their performance and called on Serchhip District to set an example for others.

Serchhip District is served by different banks such as State Bank of India (SBI), Mizoram Rural Bank (MRB), Mizoram Cooperative Apex Bank (MCAB), Punjab National Bank (PNB), and HDFC Bank, with several branches spanning across rural and urban areas. As of the September quarter, the total deposits in these banks stood at ₹52,014.56 lakh, and the Credit Deposit (CD) Ratio increased by 0.17%, reaching 72.92%. The five banks with the lowest CD ratios were asked to provide explanations for their performance.

Key highlights of the meeting included:

* Agriculture Loans: A total of ₹2,692.51 lakh was disbursed, which is 40.17% of Annual Credit Plan. 

* MSME Sector: Achieved 51.58% of the Annual Credit Plan.

* Other Priority Sectors: Attained 13.26% of Annual Credit Plan.

* Non-Performing Assets (NPA): Total NPAs in the district stood at ₹338.02 lakhs.

Lead Bank Manager Pu Robert Z. Parte, bank branch managers, and representatives from various departments participated in the meeting, emphasizing collaborative efforts to improve banking services in the district.