The record
Written from the 1 report below. Nothing here is unsourced.
- Legislator S.N.
- Narayanaswamy has named revitalizing the Kolar-Chikkaballapur District Cooperative Central (DCC) Bank as his top priority after taking charge as a director.
- The bank has more than ₹430 crore in overdue loans outstanding, and most of these are backed by assets, land and houses as collateral.
- Legal recovery of the overdue loans will be accelerated, and the recovered money will be used to fund loans for rural farmers and women.
- New lending from the bank has been halted for two years, pushing rural women into private finance and microfinance at high interest rates.
- Narayanaswamy assured depositors their money is fully safe and said a ₹300-400 crore deposit from the Karnataka urban infrastructure finance corporation is planned if the Chief Minister approves.
What to watch next
- Whether the Chief Minister grants permission for the ₹300-400 crore deposit from the Karnataka urban infrastructure finance corporation.
- Progress on the legal recovery of the bank's overdue loans backed by assets, land and houses.
- When the bank resumes issuing new loans to farmers and women's self-help groups.
Who said what1
Only words found exactly in the article are shown, attributed and linked to the line they came from.
S.N. Narayanaswamy
1 quote · 1 outlet
“ಬ್ಯಾಂಕಿನಲ್ಲಿ ಪ್ರಸ್ತುತ ₹430 ಕೋಟಿಗೂ ಅಧಿಕ ಮೊತ್ತದ ಸುಸ್ತಿ ಸಾಲ ಬಾಕಿ ಉಳಿದಿದೆ.”
In the article
…ಮರು ಸಾಲ ಸೌಲಭ್ಯ ಕಲ್ಪಿಸುವುದೇ ನಮ್ಮ ಮೊದಲ ಆದ್ಯತೆ ಎಂದು ಶಾಸಕ ಹಾಗೂ ಡಿಸಿಸಿ ಬ್ಯಾಂಕ್ ನಿರ್ದೇಶಕ ಎಸ್.ಎನ್.ನಾರಾಯಣಸ್ವಾಮಿ ತಿಳಿಸಿದರು. .ನಗರದ ಡಿಸಿಸಿ ಬ್ಯಾಂಕ್ ಕಚೇರಿಯಲ್ಲಿ ಬುಧವಾರ ಆಯೋಜಿಸಿದ್ದ ನೂತನ ನಿರ್ದೇಶಕ ಪದಗ್ರಹಣ ಕಾರ್ಯಕ್ರಮದಲ್ಲಿ ಮಾತನಾಡಿದ ಅವರು, ‘ ಬ್ಯಾಂಕಿನಲ್ಲಿ ಪ್ರಸ್ತುತ ₹430 ಕೋಟಿಗೂ ಅಧಿಕ ಮೊತ್ತದ ಸುಸ್ತಿ ಸಾಲ ಬಾಕಿ ಉಳಿದಿದೆ. ಈ ಪೈಕಿ ಬಹುತೇಕ ಸಾಲಗಳಿಗೆ ಆಸ್ತಿ, ಜಮೀನು ಹಾಗೂ ಮನೆಗಳ ಭದ್ರತೆ ಇರುವುದರಿಂದ ಶೀಘ್ರವೇ ಕಾನೂನುಬದ್ಧವಾಗಿ ಸಾಲ ವಸೂಲಾತಿ ಪ್ರಕ್ರಿಯೆ ಚುರುಕುಗೊಳಿಸಲಾಗುವುದು. ವಸೂಲಾದ ಹಣವನ್ನು ಮತ್ತೆ ಗ್ರಾಮೀಣ ಭಾಗದ ಮಹಿಳೆಯರು ಮತ್ತು ರೈತರ ಸಾಲ ಸೌಲಭ್ಯಕ್ಕೆ ಬಳಸಲಾಗುವುದು’…
Coverage1
All filed from India
Named India · Kolar-Chikkaballapur District Cooperative Central Bank · Congress · Karnataka Urban Infrastructure Development and Finance Corporation · K. Chandrareddy · Kottur Manjunath · K.V. Nagaraj · M. Narayanaswamy · Raghunath · Ranganathachari · S.N. Narayanaswamy
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