Press Information Bureau

Government of India

Ministry of Finance

25-November-2011 18:45 IST

Reserve Bank of India has advised Banks to set up a Special Sub-Committee (SSC) of District Level Consultative Committee (DLCC) for those districts having CDR less than 40 per cent to draw up Monitorable Action Plans (MAPs), monitor such action plan on a regular basis and initiate necessary action for improving CDR. Accordingly, CDR is monitored and discussed at district level by DLCCs to improve the ratio and ensure that it does not fall below 40 per cent.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to an Unstarred Question in Lok Sabha today.

DSM/ Hb

Special Sub-Committee formation to monitor credit deposit ratio; district action plans aim to improve CDR and trigger remedial measures. RBI advised banks to set up a Special Sub-Committee of the District Level Consultative Committee in districts with low credit deposit ratios to draw up Monitorable Action Plans, conduct regular district level monitoring and reviews, and initiate remedial measures through coordinated DLCC oversight to improve and maintain the credit deposit ratio above the benchmark.