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Working Group Committee

1. Improving banking services in backward regions – development studies

Report of the working group on improving banking services in the UTL has been accepted by RBI. Consequent on that, it has been decided to constitute a special sub-committee of UTLBC for UTL which will be entrusted with the implementation of the various recommendations relating to banks made by the working group within a time-frame of one year. The sub-committee will be chaired by UTLBC Convener and will have as members, representatives from the Administration of UTL, NABARD, RBI and senior level officials of other banks. The sub-committee is expected to meet at least once in a month to monitor the progress in implementation of various recommendations relating to banks (commercial banks, RRBs and co-operative banks).

2. SPECIAL Sub Committee for Monitoring the CD Ratio of Banks in the Union Territory of Lakshadweep under UTLBC

The functions of the special sub committee will be :

  • The special sub committee will draw up monitorable action plans (MAP) for improving the CDR and should set,  graduated self-target on yearly basis.
  • The self-target finalized by the above committee will be placed before the UTLBC for approval.
  • Take up the plans for implementation and monitor the same assiduously once in two months.
  • Report the progress to the UTLBC on a quarterly basis
  • On the basis of the feed back received from the UTLBC regarding the progress in implementation of the monitorable   action plans (MAP), consolidated report will be prepared and tabled for discussion at UTLBC meeting.


Convener - Manager, SyndicateBank
Kavaratti

Members
a) Manager, SBI, Kavaratti
b) Asst. General Manager, NABARD
c) District Planning Officer, UTL
d) Manager, UCO Bank, Kavaratti



About UTLBC

The entire group of islands is considered as one district for lead bank purposes. Syndicate Bank is the lead bank and convenor of the Union Territory of Lakshadweep Bankers’ Committee. Syndicate Bank has opened its first branch at Kavaratti in 1971 and is operating throughout the UTL with nine branches in nine major islands. State Bank of India opened its first branch in April 2005 at

Contact us

Deputy General Manager
Syndicate Bank, Regional Office,
Pioneer Towers, 1st Floor,
Shanmugam Road
Ernakulam – 682031.
0484 - 2367063 / 2360035 / 2369090
0484-2367235

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