'Negative' role of nationalised banks in Tripura

AGARTALA, March 25: The nationalised banks in Tripura have come under severe criticism for poor disbursement of loans and other financial advances for developmental activities in the State. The credit deposit ratio which is an indicator of the banks' role in development in the State economy, in Tripura depicts a dismal picture. The credit deposit ratio in the State and the role of the nationalised banks have once again opened the Pandora's Box as they have come under severe criticism for failing to adhere to the guidelines of the RBI. The issue was also raised in the last Assembly session where the members expressed serious concern for the drip in the credit-deposit ratio in the state and the performance of the nationalised banks in the State. At present, the credit-deposit ratio or in common parlance, CDR , of the country stands at average 60. But here in this landlocked Northeastern State of Tripura, the figure stands at a negligible 23.74 till December 2000, perhaps the lowest in the country.