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        Patna, (Bihar Times): The   chairman-cum-managing
            director of the Punjab National Bank, K C   Chakrabarty,
            said that Bihar government’s warning to withdraw its
            deposits   from the commercial banks following slump in
            the credit deposit ratio (CDR)   will have no impact on
            the banks. 
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  He told reporters on Tuesday that   “we are not afraid
            of the government warning.” Only a couple of days   back
            the Deputy Chief Minister-cum-Finance Minister, Sushil
            Kumar Modi,   warned that the state government would
            withdraw its deposits from the   commercial banks if
            they fail to improve the credit-deposit ratio   and
            fulfil the target of distribution of Kisan Credit
            Cards among the   farmers.
 The Credit-Deposit-Ratio is the amount of bank’s loan
            divided   by the amount of its deposits at any given
            time.
 
 The CMD minced no   word to say that the state
            government is free to withdraw its deposits.   Public
            sector banks are giving credit but the deposits are
            being given to   private banks, he said.
 
 Chakrabarty said that his bank was trying its   level
            best to boost credits but this could be possible only
            when a state   had a viable infrastructure. He took the
            state government to task for poor   condition of roads.
 
 To buttress his argument further he said that it   took
            four hours for his vehicle to reach Kochi panchayat
            under Gurua block   of Gaya district as the roads were
            in extremely bad condition. He said he got   a backache.
 
 On alleged corruption in issuing Kisan Credit Cards   to
            farmers in Bihar, he said, corruption was pervasive in
            the society and   “we have a mechanism to check it.” He
            appealed to the people to cooperate   with PNB by
            referring specific cases of bribe being sought by the
            bank   officials.
 
 The CMD said the bank management would take stern
            punitive   action against those found to be involved in
            corruption.
 
   
     
       
         
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                 comments...It is indeed very sad that people like Chakrabarty   holding such senior positions make such irresponsible statements. He should know   that the adverse credit deposit ratio is a real problem which needs a solution,   not an ego fight. The FM of Bihar is trying to draw attention to a very   important problem and seeking a solution.
 
 To explain it simply, for   roughly every Rs 100 that is deposited in Bihar, only Rs 30 is given as advance.   In effect, this turns the most poor state in the country a net exporter of   capital! As a PSU organization, it is the bounden duty of PNB to correct such   anomalies. Last I heard, India was a democratic republic and Bihar was a state   of the country. The statement of this CMD makes me feel Bihar is a colony to be   exploited by the instruments of the state undertakings.
 --
 Thakur Vikas Sinha
 tvsinha@gmail.com |  |   
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