Dehradun: The credit deposit ratio (CDR) which is around 51 percent in Uttarakhand has failed to show improvement, particularly in hilly districts, a big cause for worry for the state government.
As per the RBI stipulation, at least 60 percent of the CDR should be achieved by the banks. While Udham Singh Nagar district, one of the most industrialised districts in the country, shows a high CD ratio at 92.20 percent, other hilly districts like Pauri, Almora, Tehri, Champawat and Rudraprayag have registered CDR less than 30 percent.
"The government is worried about the low CDR in the state particularly in the hilly districts and wants improvement," State Bank of India Assistant General Manager A K Mittal said. SBI is the lead bank of state level bankers' committee (SLBC).
Pauri district, the birth place of several former chief ministers including late Hemvati Nandan Bahuguna and his nephew B C Khanduri, has registered the lowest CD ratio of 25.19 percent, according to the latest banking data of SLBC.     

Similarly, other hilly districts like Tehri (28.06), Almora (23.01), Rudraprayag (29.52) and Champawat (28.72) continued to show poor trend. The banks whose CDR is below the state average have already been asked to look into reasons and strive hard to bring up their CDR to the state level. Even at the state level, the CDR has declined to 51.84 percent by December 2011 compared to 52.67 percent in March 2011.
Private banks like Indusind Bank, Karnataka Bank and Standard Chartered Bank have extremely poor CDR and have been told to make improvement in this regard, official sources said. Public sector banks which need to show improvement include Central Bank of India (29 percent), United Bank of India (20 percent) and UCO Bank (28 percent).
However, some private banks have shown better results in terms of CD ratio. Yes Bank has taken a lead with the CDR as high as 175 percent, followed by ICICI Bank (141 percent). CDR of Regional Rural Banks [RRBs] has also shown improvement. But the performance of public sector banks is poor in the state.


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