Boudh Banking Review Meeting Focuses on Credit Growth and Economic Development
Boudh, Odisha | September 18, 2026: A district-level review of banking operations and credit-linked economic activities was conducted in Boudh, with the administration calling for stronger coordination between financial institutions and government departments to support local economic growth.
The meeting of the District Consultative Committee (DCC) and District-Level Review Committee (DLRC) was chaired by Boudh District Collector Bibhuti Bhushan Nayak. Officials examined the district’s banking performance, lending activities, economic development initiatives and progress toward various financial targets.
The session began with a welcome address by Lead Bank Manager Don Bosco, who outlined the objectives of the review and presented an overview of banking operations across the district.
According to the figures discussed at the meeting, Boudh currently has 57 bank branches operated by 23 banks. Of these, 30 are branches of nationalized banks, while five are cooperative bank branches. The district also has 51 functioning ATMs.
The banking sector recorded ₹2,425 crore in deposits as of June 30, while outstanding advances stood at ₹2,175 crore. Taken together, the figures put the district’s overall banking business at approximately ₹4,600 crore.
During the review, Collector Bibhuti Bhushan Nayak asked bank officials to intensify efforts to meet their assigned targets and ensure that credit reaches productive economic activities. He stressed the importance of banks supporting entrepreneurs, industries and business initiatives that can contribute to employment generation and broader economic activity in the district.
The Collector also directed that future DCC meetings should contain a detailed assessment of the Non-Priority Sector and the performance of the Micro, Small and Medium Enterprises (MSME) sector. Banks were further advised to work toward maintaining a minimum Credit-Deposit (CD) Ratio of 75 percent.
Agriculture and allied activities were another key focus of the discussion. The Collector urged banks to work closely with the district administration to improve access to finance for agriculture, horticulture, fisheries, animal husbandry and related sectors.
Representatives from various government departments and officials from banks operating in Boudh participated in the meeting. They discussed issues concerning credit delivery, banking performance and measures that could strengthen the contribution of financial institutions to the district’s economic development.
The review highlighted the administration’s focus on improving credit flow, strengthening MSME and allied-sector financing, and ensuring closer institutional coordination to support economic activity across Boudh district.
