Regional Review Meeting Organized by RBI in Southern Rajasthan
Udaipur: The Reserve Bank of India (RBI) organized a regional review meeting for Southern Rajasthan on Thursday, chaired by Deputy General Manager Vikas Agarwal. The meeting, held in Udaipur, included the districts of Bhilwara, Rajsamand, Udaipur, Dungarpur, Banswara, Pratapgarh, Salumber, Sirohi, and Chittorgarh.
RBI Deputy General Manager Agarwal emphasized the importance of efficient loan allocation and deposit mobilization according to the capacity of each district. He advised all banks to work in coordination with district administration, RBI, Lead Bank offices, and other stakeholders to achieve the objectives set under the Lead Bank Scheme. RBI AGM Dinesh Yadav provided insights into the performance of each district regarding deposit mobilization, loan distribution, and credit-deposit ratio. He highlighted the districts lagging in key parameters and advised district managers to work with Lead Bank offices to improve performance. Yadav also stressed the importance of loan allocation to self-help groups, which play a crucial role in strengthening the rural economy.
Agarwal emphasized the significance of conducting quality programs at the Rural Self Employment Training Institutes (RSETIs) established by the Government of India, aligned with market demand. He also highlighted the importance of achieving financial inclusion through financial literacy. All bankers were advised to ensure maximum participation of college students in the financial literacy quiz organized by RBI as part of its 90th foundation year celebrations.
The meeting was attended by RBI officers from Jaipur, regional heads of major banks, regional managers of public sector banks, private banks, regional rural banks, and small finance banks, along with Lead District Managers and RSETI directors from the nine districts of Southern Rajasthan. Discussions covered various aspects of the Lead Bank Scheme, such as the status of annual credit plan achievements, the credit-deposit ratio of banks, financial inclusion, and the performance of major banks in achieving RBI mandates.
All banks unanimously agreed to work collaboratively with stakeholders to achieve the objectives of the Lead Bank Scheme and advance the development of Rajasthan.
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