Commercial banks not cooperating in bihar's devlopment: nitish kumar

Bihar chief minister Nitish Kumar said that the credit-deposit ratio of Bihar was hovering around 32 percent against the national average of 70 per cent. Bihar chief minister Nitish Kumar

today charged commercial banks with adopting negative attitude towards the development of the state and said that the credit-deposit ratio of Bihar was hovering around 32 percent against the

national average of 70 per cent. Intervening in the reply to a short notice question raised by Abdul Bari Siddiqui (RJD) who alleged that only Rs120.90 crore had been spent under Swarn

Jayanti Gram Swarojgar Yojna against an allocation of Rs 570.57 crore during 2009-10, Kumar said it was due to the neagative attiude of the commercial banks. He told the House that during

the recent visit of RBI governor Dr D Subbarao to Patna "I had raised the issue very strongly and had told him about the low percentage of loans advanced by the commercial banks though

the deposits were on the rise. Referring to the suggestion of Ramdeo Verma (CPM) that a special house committee be constituted to probe indepth the role of banks, Kumar said he had no

hestitation in accepting the opposition demand but since the adminstrative functioning of the banks were under direct control of the Centre, the assembly secretariat should go into details

whether the House committee was competent to inquire the functioning of the banks.