'Reinstall people's faith in banks'

'Reinstall people's faith in banks'

 The deposit amount as been dropped from Rs 100 crore to Rs 55 crore. Hence, it was becoming difficult for the Banks to extend loan facilities to the farmers, expressed Managing Director of the DCC Bank Shashidhar Ele.

In such situations, it was necessary for the Banks to once again reinstall the faith of the people in the banking institutions. Since, the prosperity of the banks depended on people’s co-operation, he said.

He speaking at the one-day district level special training programme organised for the managers and staff members of the Primary Agricultural Credit Co-operative Banks in Kolar on Friday.

Apart from the decrease in the number of deposits, loan recovery has also gone down considerably. Hence, it was extremely difficult to extend fresh loans to the farmers. Suitable measures will be taken to recover loans, Shashidhar Ele explained.

Speaking on the occasion, Chairman of the District Co-operative Union M Govindgowda suggested that measures should be taken to set right the irregularities which were reported around 11 months back in the Bank. The Bank had not utilised the amount effectively, which was released by the Union government. The new manager should set right these anomalies, he appealed.

He also alleged that the farmers were facing a lot of problems due to the communication gap between the DCC Banks and the Credit Co-operative Banks. Union Director Holali Prakash inaugurated the workshop. He said, the officials should be well-versed with laws related to co-operation and then discharge their duties in their respective fields.
K M Shivakumaraswamy, R S Rajanna, G Prakash, K Prahlad Rao and D Mahadevaiah were present on the occasion.

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