PERFORMANCE OF COMMERCIAL BANK IN ODISHA

Abstract

typically been considered a backward state till some time back. Now it rules the States with regards to the total investment s made. Political stability has resulted in creating a conducive environment for not only external investments but also streamlined handling of various government (Central and state) initiatives and schemes. One industry which demands Investigation at this stage is banking because that is the clear reflection of the states’ progress and the management of funds. This paper deals with an in-depth analysis of the various banking Parameters in the state over the years. Most of the data that has been used i s for at least a span of 5 years; which the authors believe is sufficiently large to draw interpretations and inferences. Macro aspects like total deposits and credit find place in the article besides micro analysis of various key aspects which have been deciphered further from the macro figures. For most of the figures, the comparative aspects for the nation is also provided the domestic scheduled commercial banks plan to open 2,361 brick and mortar branches in Odisha during 2013-15. As per Reserve Bank of India (RBI), the number of functioning branches of scheduled commercial banks in the state is 3,472."As reported by the State Level Bankers' Committee (SLBC), banks plan to open 2,361 of brick and mortar branches during 2013-15," informed Union Minister of State for Finance Namo Narain Meena. In a written reply to Rajya Sabha member from Odisha, Renubala Pradhan, Meena said, general permission has been granted to domestic scheduled commercial banks (other than regional rural banks) to open branches, in tier 2 to tier-6 centres (with population up to 99,999) which include rural centres and tribal areas, and rural, semi urban and urban centres of the north eastern states and Sikkim. The permission has also been granted to open mobile branches in tier-3 to tier-6 centres (with population up to 49,999) which include rural centres and rural, semi urban and urban centres of the north eastern states and Sikkim subject to reporting. Domestic scheduled commercial banks, while preparing their annual branch expansion plan (ABEP), should allocate at least 25 percent of total number of branches proposed to be opened during a year in un-banked rural (Tier 5 and Tier 6) centres, Meena said. Giving details of the bank branches in the state, he said, the highest number of 408 branches of different banks were functioning in Khurda district while Malkanagiri came at the bottom of the list with only 28 branches. In Ganjam district, 290 branches are functioning, while the figure for Cuttack district is 263, he said.