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The Hindu
The Hindu
National
The Hindu Bureau

Banks disburse ₹21,660 crore as priority sector loans in Thiruvananthapuram district

Thiruvananthapuram IOB

Banks in Thiruvananthapuram district disbursed ₹21,660 crore as priority sector loans in 2022-23.

Banks had set a priority sector lending target of ₹21,298 crore for the 2022-23 fiscal. Banks in the district disbursed ₹13,536 crore in the agriculture sector and ₹5,828 crore in the MSME sector, it was reported at a review meeting of the District-level Banking Committee organised by the lead bank Indian Overseas Bank (IOB) here on Monday.

The credit-deposit ratio in the district stood at 73%. Banks in the district had deposits to the tune of ₹1,13,245 crore and advances worth ₹83,184 crore in March 2023. Kadakampally Surendran, MLA, addressing the meeting, called for a robust banking policy supportive of the multi-sector development in Thiruvananthapuram district.

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