Jharkhand Banks Show Improved Financial Health
Banks operating in Jharkhand have demonstrated a significant improvement in their credit-deposit (CD) ratio, according to the latest report unveiled during the 93rd State Level Bankers' Committee (SLBC) meeting held in Ranchi. The data, which reflects the financial health of the banking sector in the state, showed the CD ratio reaching 52.19% on September 30, 2025.
Key Financial Indicators and Year-on-Year Growth
This latest figure marks a positive upward trend when compared to the previous year. The report highlighted that the CD ratio stood at 50.22% on September 30 of the last year, making the year-on-year increase a solid 3.93%. This growth indicates that banks are lending out a larger proportion of the deposits they collect, which is a crucial driver for economic activity within the state.
Commenting on this development, the Finance Minister, Radha Krishana Kishore, described the increase as a positive indication for Jharkhand's economy. He urged banks to intensify their efforts in providing loans to the weaker sections of society, emphasizing that such a step would accelerate and strengthen inclusive development across the state.
Government's Focus on Inclusive Development and CSR
Minister Kishore also directed the banks to concentrate their financial support towards the government's flagship schemes. Furthermore, he advised them to ensure the complete utilization of their Corporate Social Responsibility (CSR) funds for the all-round development of Jharkhand.
Adding to the minister's directives, Subrat Kumar, the Chairman of SLBC Jharkhand and Executive Director of Bank of India, requested all banks to enhance the credit flow specifically into agriculture and its allied sectors. This focus aims to bolster the primary sector of the state's economy.
In another positive update from the meeting, Reserve Bank of India representative Prem Ranjan Prasad Singh shared that the non-performing assets (NPAs) of banks have declined to 5.23%. Simultaneously, the financial inclusion index has seen a notable rise, reaching 67, underscoring the success of efforts to bring more citizens into the formal banking system.
