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.Patna,(BiharTimes): For the first time in several decades the credit-deposit ratio (CDR) of banks in Bihar has crossed 35 per cent mark.
It reached the figure of 36.51 per cent in the first quarter of the financial year 2011-12––a jump by 2.52 per cent.
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According to the data provided by the state finance department the state had a CDR of 33.99 per cent during the corresponding period last year.
The CDR of four of 38 districts remained below 25 per cent while of nine others hovered between 25 and 30 per cent during this period.
In the same way the CDR of 15 districts rose between 30 and 40 per cent, while it reached above 40 per cent in the districts of Begusarai, Kishanganj, Purnia, Kaimur, West Champaran, Araria, Katihar, Samastipur, East Champaran and Bhagalpur during 2010-11.
Interestingly, barring Begusarai and to some extent Bhagalpur, the rest of the districts have hardly any industry.
Experts attribute this rise in the CDR calculation to the bankers’ bid to add up the advances given to Indian Oil Corporation and National Thermal Power Plants worth Rs 2,371 crore by a bank outside Bihar as well as addition of funds disbursed under the RIDF (Rural Infrastructure Development Fund) worth Rs 2,440 crore.
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