Budgam records CD ratio at 106%; bank deposits of Rs 4911 Crores, advances of Rs 5241 in FY25

BUDGAM: Budgam District has Credit -Deposit (CD) ratio of 106.72%. The district has recorded a year-on-year growth of Rs 74.52 Crore in total advances, which increased from Rs 5166.77 Crores as on March 2024 to Rs 5241.29 Crores by March 2025.

Simultaneously, deposit figures showed a positive growth of Rs.97.18 Crores, rising from Rs.4813.80 Crores in March 2024 to Rs.4910.98 Crores in March 2025—marking a growth rate of 1.44% in advances and 2.01% in deposits.

The 91st District Level Review Committee cum District Level Consultative Committee (DLRC/ DLCC) meeting for Q4 of the Financial Year 2024-25 was held Tuesday at the New Conference Hall, DC office Complex Budgam.

The meeting was chaired by the Deputy Commissioner (DC) Budgam, Dr.Bilal Mohi-ud-Din Bhat, and witnessed the participation of Chief Planning Officer Budgam, Lead Bank Manager Budgam, officer from Reserve Bank of India, representatives from RSETI Budgam, District Coordinators of all banks, Heads and representatives of various line departments, as well as members from CFL and FLCC.

DC, while stressing the timely sanctioning and disbursement of cases, directed that all departments shall prepare a checklist of cases in consultation with the lead bank.
He directed banks to respond the same within 7 days time, if not, the checklist shall be deemed as final for further necessary action.

He asserted that targets should be sought from banks under social security schemes and shared with the chair.

DC further directed that cases should be sponsored as per the time table.
Calling on the mass awareness of schemes for self employment generation, DC instructed that financial inclusion camps be organized once every month in convergence with other departments particularly RDD in all rural areas of the district.

Chairman DLRC/DCC advised the departments to have a proactive approach towards their work so that all the benefits are passed on to the grassroots level needy, for overall economic development of the district.

While reviewing the performances, he asserted on more focus in lending to the priority sectors, and directed underperforming banks to take effective measures in enhancing the lending capital
Dr Bilal stressed the need for continued collaboration between financial institutions and line departments to ensure inclusive and sustainable growth, especially in rural and priority sectors.

During the session, Lead District Manager presented a detailed overview of the district’s banking performance for FY 2024-25. He said District has Credit -Deposit (CD) ratio of 106.72%.The district has recorded a year-on-year growth of Rs.74.52 Crore in total advances, which increased from Rs.5166.77 Crores as on March 2024 to Rs.5241.29 Crores by March 2025.
Simultaneously, deposit figures showed a positive growth of Rs.97.18 Crores, rising from Rs.4813.80 Crores in March 2024 to Rs.4910.98 Crores in March 2025—marking a growth rate of 1.44% in advances and 2.01% in deposits. He said banks operating in the district have disbursed a total of Rs.3528.64 Crores during the current fiscal year up to Q4. Out of this, Rs.2210.80 Crores were disbursed under Priority Sector Lending (PSL) and Rs.1317.84 Crores under Non-Priority Sector Lending.

The lead bank manager said the district has achieved 101.33% of the physical target and 103.87% of the financial target under the Annual Credit Plan (ACP) for the Financial Year 2024-25.