State flayed Private Banks for poor Credit Deposit Ratio

Patna, (PTI) Bihar Deputy Chief Minister Sushil Kumar Modi  flayed the private banks for their failure to improve credit-deposit ratio in Bihar and said that the state government has directed the officials not to deposit government funds in these banks.

“The credit-deposit ratio of the private banks like ICICI Bank, Federal Bank, Jammu and Kashmir Bank, ING Vaishya Bank, South Indian Bank and Karnataka Bank, etc, have been very poor despite repeated reminders from the state government to improve credit ratio as against the deposits,” he said in a a statement here.
Modi, however, lauded HDFC Bank and Axix Bank for steady improvement in the credit-deposit ratio at 27.6 and 32.15 per cent respectively.