June 14, 2010 9:05 PM

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Pranab asks banks to step up lending activities in Eastern, NE region

Finance Minister Pranab Mukherjee today asked banks to step up lending activities and open more branches in the Eastern and Northeastern regions. He was talking to reporters in Patna after a meeting of public sector banks heads along with the chief ministers of the Eastern and North eastern states. <br/><br/>Mr Mukherji said, at the meeting, ways to improve credit-deposit ratio were also discussed, besides opening of more bank branches. The credit-deposit ratio of banks in the Eastern region is 40 per cent against the national average of 72 per cent. He said, the meeting also discussed state-wise Centrally-sponsored schemes which are implemented by the states with banks. These schemes include the Indira Awas Yojana, NREGA.

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