Thiruvananthapuram, Sep 24 (UNI) Banks in Thiruvananthapuram, the capital district of Kerala, have recorded significant progress in priority sector lending during the first quarter of the 2025-26 financial year, with total disbursements reaching Rs 10,427 crore – 31 per cent of the annual target of Rs 33,945 crore.
Agriculture and Micro, Small and Medium Enterprises (MSMEs) remain the primary focus, with Rs 5,451 crore directed to the agricultural sector and Rs 4,668 crore extended to MSMEs.
The district’s credit-deposit ratio remains healthy at 78 per cent, supported by total deposits of Rs 1,38,538 crore and advances of Rs 1,08,292 crore as of June 30. With 930 bank branches operating across the district, residents enjoy widespread access to banking services.
The Thiruvananthapuram District Consultative Committee for Banking Development recently held a review meeting, led by the district’s lead bank, Indian Overseas Bank (IOB). Discussions focused on strategies to promote value-added projects in agriculture and enhance financial outreach to underserved areas.
K.S. Pradeep, Convenor of the State Level Bankers’ Committee (SLBC), emphasized the crucial role of targeted lending in driving the local economy. Dayal Prasad, Chief Regional Manager of IOB, welcomed participants and highlighted ongoing initiatives to improve banking services across the district.
The review underscores the commitment of banks and district authorities to foster inclusive growth by supporting agriculture and MSMEs, reinforcing Thiruvananthapuram’s status as a financially vibrant district.
