Nitish asks banks to increase investments in Bihar

Bihar Chief Minister Nitish Kumar has asked all the public and private sector banks to increase invesments in accordance with the rise in deposits in Bihar.

The investments by banks in Bihar are woefully low in comparision to deposits they generate, Kumar said last night, while addressing a function organised by the Super 30 academy to felicitate 30 successful candidates who cracked the IIT entrance test this year.

Advocating for sanctioning more education loans to help poor students complete their higher studies, the chief minister noted with great satisfaction that there was abundance of talent all over the state.

They just have to be identified and groomed, he said, adding Bihar is changing due to the missionary zeal of its youth, who I am sure, will continue to surprise many by showing quality of their merit in days to come, kumar remarked.

The Super 30 academy founded by mathematics wizard Anand Kumar has carved a niche for itself by grooming talents from most deprived sections of the society in Bihar.

According to experts, despite the economic meltdown, bank deposits in Bihar has recorded a 22 per cent increase in the past year, higher than bank deposits in several other states.

Deposits in nationalised banks rose to from Rs 68,243.71 crore during 2007-08 to Rs 83,047.56 crore in 2008-09, an increase of Rs 14,803.85 crore, a state Finance department official revealed.

Source : Business-Standard