MINUTES OF SPECIAL SLBC MEETING HELD ON 17/12/2012
To establish an effective institutional arrangement for implementing Financial Inclusion activities and monitor progress in this regard in all the 11 districts of NCT of Delhi State, a Special SLBC Meeting was held on 17/12/2012 at 3.00 pm in the conference room of Oriental Bank of Commerce, Harsha Bhawan, E Block, Connaught Place, New Delhi. The meeting was chaired by Smt. Vidyavati Rudra, General Manager, Oriental Bank of Commerce and SLBC Convenor – Delhi State. 49 participants from Ministry of Finance, Reserve Bank of India and 33 SLBC Member Banks attended the meeting. The list of participants is attached as Annexure ‘A’.
Minutes of the Meeting
At the outset, Smt. Vidyavati Rudra, General Manager, Oriental Bank of Commerce and SLBC Convenor – Delhi State welcomed Shri Rajat Sachar, Economic Advisor, DFS, MoF, Smt. Sonali Sen Gupta, General Manager, Reserve Bank of India and other participants. She informed the House that a lot of emphasis is being given by the Government of India and Reserve Bank of India on Financial Inclusion in rural areas as well as in urban areas. The purpose is that no one should remain deprived of banking facilities in the country. Banks have also been directed to ensure that every household should have atleast one bank account. SLBC has allotted 272 wards of Delhi State to 33 member banks for this purpose. As per the direction of Govt. of India, benefits under Government Schemes are to be transferred to the accounts of the beneficiaries electronically.
She stated that there is only one Lead Bank Office in Delhi State upto now. With the formation of 2 new districts recently, Delhi has 11 districts at present. Keeping in view the emphasis being given by the Govt. of India and Reserve Bank of India on Financial Inclusion activities, there is a need of having districtwise effective monitoring. She stressed the need of having districtwise Lead Bank Offices in the State.
Smt. Sonali Sen Gupta from RBI informed that the basic purpose of formation of Lead Bank Office is to monitor the progress of rural financing i.e. preparation of Annual Credit plan for rural areas etc. Since rural area/population forms a meager portion of the total area/population in Delhi, there is hardly much scope for rural financing in the 11 districts in the State. She stated that formation of Lead Bank Offices in all the 11 districts of the State, would only add new layers to the task and there would be no value addition. Formation of new Lead Bank Offices would hardly serve much purpose and would cause undue financial burden on the respective banks.
Shri Rajat Sachar from DFS stated that the present system of only one Lead Bank Office in Delhi is not working effectively in the State. At present the Govt. of India has decided to roll out the Direct Cash Transfer(DCT) for 34 Centrally Sponsored Schemes / Central Sector Schemes w.e.f. 01.01.2013 in 43 districts and over a period of time major schemes are to be included under DCT. As such, to ensure that the DCT programme is a success, this requires a lot of coordination among the banks and with the Govt. departments and districtwise monitoring by the designated bank officers for each districts. Smt. Rudra stated that there are 3 districts in Delhi State which are having presence of most of the rural areas of Delhi, (i) North District (Block Alipur); (ii) North West District (Block Kanjhawala) and (iii) South West District (Block Najafgarh). She stressed the need of more Lead Bank Offices and atleast in these 3 districts. Shri Avinash Kapoor, AGM, RBI stated that the total ACP Target of the whole State is 294 crore only for the year 2012-13. In view of the small ACP Target, it is not advisable to further divide it in several Lead Bank Offices.
Shri Rajat Sachar invited suggestions from the House. It was suggested that instead of having more Lead Bank Offices in Delhi State, it would be appropriate to designate Nodal Officers for Financial Inclusion and roll out of the DCT programme in each of the 11 districts.
After wide deliberations it was decided that based on the major presence of a bank in a district, banks would designate Nodal Officers – Financial Inclusion in each of the 11 districts. The districtwise responsibility of designation of such Nodal Officers was entrusted to various banks as under:-
Sr. No. / Name of the Distrcit / Allotted to (Name of the Bank)1. / East / Punjab National Bank
2. / North East / State Bank of India
3. / North / Oriental Bank of Commerce
4. / North West / Punjab National Bank
5. / West / ICICI Bank
6. / Central / Bank of Baroda
7. / South West / Oriental Bank of Commerce
8. / South / Canara Bank
9. / New Delhi / State Bank of India
10. / South East / HDFC Bank
11. / Shahdara / Bank of Baroda
It was decided that the concerned 7 banks will inform the contact details of their Nodal Officers to SLBC and LDM within 7 days. The major responsibilities of the Nodal Officer –Financial Inclusion and DCT Programme were also discussed. It was agreed that SBI as the Lead Bank will continue to perform duties for all the 11 districts as hitherto. The Nodal Officers – Financial Inclusion and DCT Programme will perform the following duties in their allotted districts:-
1. Proactively coordinate the whole process of Financial Inclusion in their respective districts.
2. Coordinate with all the banks; collect information on name, address of bank branches (including contact details of branch incumbents) functioning in the district. Furnish information to LDM and SLBC Convenor and work in coordination with them.
3. Preparation of district profile including total population (rural/urban); No. of Households; details of Sub Division, Block, Villages and Wards; details of bank branches in each village and ward in the district.
4. All the nodal officers shall provide information on Financial Inclusion Activities at fortnightly intervals or as desired by DFS/RBI to SLBC Convenor, who shall consolidate and submit the position to various authorities.
5. Maintain liaison with Govt. Officials working in the district.
6. Coordinate with UIDAI and State Government Officials for UIDAI Enrolment, total number of expected beneficiaries in the district.
7. Other duties as assigned time to time by DFS, MoF/ RBI/ SLBC.
Some banks raised the issue that only 6 banks were allowed to participate in Delhi Annshree Yojana launched on 15th December, 2012, whereas more banks were interested in participating. Shri B.N. Jha of OBC informed that UIDAI had informed Delhi Government about preparedness of these 6 banks regarding Aadhaar. He requested all banks to ensure their Aadhaar preparedness at the earliest. It was agreed that SLBC Convenor shall request the State Govt. to allow participation of more banks in Delhi Annshree Yojana and other Schemes.
The meeting ended with vote of thanks to the Chair.
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ANNEXURE – 1
SPECIAL SLBC MEETING - DELHI STATE DATED 17TH DEC 2012
LIST OF PARTICIPANTS
S.NO. / NAME / DESIGNATION / NAME OF DEPTT. / TELE/ MOBILE NO.
1 / Sh. Rajat Sachar / Economic Advisor / DFS, MoF / 9868538030
2 / Smt. Sonali Sen Gupta / General Manager / RBI / 9560710063
23452145
3. / Smt. Vidyavati Rudra / General Manager / OBC / 9527355155
23417801
4. / Sh. P.S. Hooda / General Manager / RDPS Deptt. OBC / 9717707771
5. / Sh. S.N. Chopra / General Manager / OBC / 9650353111
6. / Sh. B.N. Jha / DGM / SLBC, OBC / 8527331117
49270902
7. / Sh. Avinash Kapoor / AGM / RBI / 8527833775
8 / Sh. Sandeep Puri / AGM / OBC, R/O Delhi / 08826364888
9 / Sh. Arun Gupta / Chief Manager / OBC- SLBC / 9899120077
10 / Sh. Vipul Singla / Zonal Head / Allahabad Bank / 9650248714
11 / Sh. G. K. Bhargava / Sr. Manager / Allahabad Bank / 9810487888
12 / Sh. Suresh Sethi / Chief Manager / Andhra bank / 9650248714
13 / Sh. Jagjivan Ram / AGM / BOB / 8447473078
14 / Sh. A.K Rampuria / AGM / BOI, ZO, NDZ / 9811949118
15 / Sh. Amarjit Singh / Officer / Bank of India / 9873478434
28844095
16 / Sh. N.S Deshpande / Chief Manager / Bank of Maharastra / 9899252780
17 / Sh. Nirmal Kumar / Sr. Manager / Bank of Maharastra / 9582129548
18 / Sh. Dushyant Dash / Sr. Manager / Canara Bank / 9312250137
19 / Sh. Divakar M Shenoy / AGM / Corporation Bank / 8130558833
20 / Sh. Manak Chand / Sr. Manager / Central Bank of India / 9818279267 2364141
21 / Sh. Atul Sharma / DRM / Dena Bank / 9582645430
22 / Sh. Kapil Vashisht / Dy. General Manager / IDBI Bank / 9560305559
23 / Sh. G.S. Rana / DGM / IOB / 9910034917
24 / Sh. B. N. Meena / Sr. Manager / IOB / 9971647931
25 / Sh. Ashok Kumar / AGM / Indian bank / 9560213535
26 / Sh. Subhash Kumar / Sr. Manager (Agri) / Indian Bank / 9811279101
27 / Sh. S.R.Sharma / Field Gen. manager / PNB / 8800977233
28 / Sh. Subhash Kwatra / DGM / Punjab & Sindh bank / 9818330224
29 / Sh.B.K. Verma / DGM, DZO II / SBI, DZO II / 9958555111
30 / Sh.Sunil Kumar Sharma / LDM / SBI / 23407126
31 / Sh. H. R Jat / AGM / SBI / 9871114834
32 / Sh. Ravinder Prakash / Dy. Manager / SBI / 9910047949
33 / Sh. M.K Raizada / AGM / SBBJ / 9654462120
34 / Sh. P. K. Das / AGM / SBM / 9958633137
35 / Sh. R. K. Agnihotri / DGM / State Bank of Patiala / 9871120633
36 / Sh. Adikesvan / GM / State Bank of Patiala / 8527311400
37 / Sh. Abhay Patil / AGM / State Bank of Hyderabad / 9711992476
38 / Sh. Dasari Balakrishan / Chief Manager / Syndicate Bank / 9968309187 23073108
39 / Ms. Aparna Mohanti / Marketing Officer / United bank of India / 9818231413
40 / Sh.G. Kumarvalu / AGM / UCO
41 / Sh. Phulwar Singh / AGM / Vijaya Bank / 9312941963
42 / Sh. Rajiv Taneja / AVP / Axis Bank / 9582202500
43 / Sh. Sanjeev Kumar / Sr. Manager / Axis Bank / 9811064649
44 / Sh. K.S. Swaminathan / Vice President / HDFC Bank / 9313425230
45 / Sh.Rajendran Rm / Zonal Manager / ICICI BANK / 9560907543
46 / Smt Gauaragni Jain / Sr. Manager / ICICI BANK / 9560907543
47 / Ms. Upasna / Vice President / Indus Ind Bank / 9711318998
48 / Sh. B. K. Pandey / ARM / OBC SLBC / 8800169269
49 / Sh. Arun Miglani / ARM / OBC SLBC / 9873480300
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