Banks operating in the state- public sector banks, regional rural banks (RRBs) and cooperative banks continue to struggle with recovery of loans. The overall recovery rate of loans of these banks stands at 42.78 per cent by the end of December 2010.According to data compiled by the State Level Bankers Committee (SLBC), the recovery rate of the banks fell from 49.21 per cent by the end of March 2010
The banks operating in the state- PSU as well as private sector banks- continue to struggle with recovery of loans with the recovery rate standing at only 45.39 per cent (as on September 30, 2010).
The recovery of loans by the banks operating in Orissa has been far from satisfactory. By the end of 2008-09, the average recovery rate of all the banks- PSU banks, private sector banks,
The Orissa government today said that it has canceled the land lease of 41 industries in the designated area of Industrial Infrastructure Development Corporation of Orissa (Idco) located between
The Orissa government today decided to constitute a high level official committee to work out the administrative re-structuring to give a boost to the development of the micro, small and medium
Following the signing of the tripartite agreement among the Orissa State Finance Corporation (OSFC), the Orissa government and the Small Industries Development Bank of India (SIDBI), OSFC has
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