Dimapur, August 18 (MExN): As part of nationwide campaign launched by Department of Financial Services, Ministry of Finance, Government of India, State Bank of India (SBI) conducted the first stage of bottom-up consultative process designed to generate ideas and review performance of banks and their alignment with national priorities at the Regional Level on August 17 and 18 at their Regional Business Offices at Dimapur and Mokokchung.
A press release from Paogin Haokip, Regional Manager, Regional Business Office, Dimapur stated it involved all branches within the Region’s jurisdiction to review their performance, deliberate on the issues and ideate on future roadmap.
The meet deliberated on ways to increase credit to various sectors of the economy, enhance use of technology and make banking citizen-centric as well as more responsive to the needs and aspirations of senior citizens, farmers, small industrialists, entrepreneurs, youth, students and women.
The meet reviewed the bank’s performance in the context of Nagaland State, and its alignment with national priorities in areas such as: Credit support for economic growth, infrastructure/industry, MSME sector and MUDRA loans, education loans, financial inclusion and women empowerment, direct benefit transfers, less cash/digital economy, etc.
Deliberations were mainly focused on specific local issues limiting the Bank’s performance in the State, ways and means to tackle the challenges.
As a result of the consultations, the release added a number of implementable suggestions came up on how SBI in particular, may improve its performance and what the roadmap for the future should be. These suggestions were collated and were sent to the Local Head Office, Guwahati for further discussions at the SBLC/State level, along with comparative performance assessment of the branches under each region, it added.
After the SBLC level, final consultations will be held at the national level to compare both intra and inter-bank performances and to finalize the suggestions for implementation across PSBs to improve their functioning.
