However, only 114 branches were opened by the third quarter end. “The RBI had set the target of opening 1640 new branches in rural areas in Bihar in 2016-17. The finance minister lashed out at commercial banks for having “poor” credit-deposit (CD) ratio of 38% till the third quarter end this fiscal. Reviewing the third quarterly State Level Bankers Committee (SLBC) meeting here, Siddiqui asked the banks to either achieve the targets set for opening rural branches and those set under annual credit plan, especially in the social, agriculture and farmers’ credit card or close down their branches in the state. PATNA: State finance minister Abdul Bari Siddiqui on Friday asked the banks operating in Bihar to expedite the process of opening more branches in rural areas and extending credit in agriculture and social welfare sectors or wind up their operations in the state.
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