DFS Secretary M Nagaraju Applauds Banking Gains to Boost Performance

DFS Secretary M Nagaraju pushes for better education, housing loans; praises credit growth. Read more on Dynamite News

Bhubaneswar: M Nagaraju, Secretary DFS (Department of Financial Services) chaired a high-level review meeting with MDs & CEOs of public sector banks (PSBs) and senior officers.

The focus was on assessing key metrics like the Annual Credit Plan (ACP), Credit-Deposit Ratio (CD ratio), and progress under social security and flagship government schemes, reports Dynamite News correspondent.

 Odisha’s Principal Secretary (Finance), RBI Bhubaneswar’s Regional Director, and SLBC Odisha’s Convener also attended the meeting.

M Nagaraju, Secretary DFS, appreciated the rise in credit flow by banks in Odisha in recent years.@DFS_India pic.twitter.com/GuVnsNIKhl

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Key Directives

DFS Secretary M Nagaraju urged banks to boost performance in education and housing loans. He praised SLBC Odisha for its work on social security schemes, the CSP Plus initiative, and the state government’s support in implementing central schemes.

Credit Growth in Odisha

The Secretary also noted the recent rise in credit flow by banks across the state, calling it a positive trend. The review signals continued emphasis on financial inclusion and targeted lending in Odisha.