Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | 34% increase in deposits at rural banks-Jaideep Deogharia    </title>
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RANCHI: If deposits in banks are indicative of prosperity of a region, Jharkhand villages have been blazing quite a trail over the past couple of years. The volume of money deposited with rural bank branches witnessed a..."/>
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RANCHI: If deposits in banks are indicative of prosperity of a region, Jharkhand villages have been blazing quite a trail over the past couple of years. The volume of money deposited with rural bank branches witnessed a..." />
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                            <div align="justify">-The Times of India<br /><br /><em>RANCHI: </em>If deposits in banks are indicative of prosperity of a region, Jharkhand villages have been blazing quite a trail over the past couple of years. The volume of money deposited with rural bank branches witnessed a whopping 34% increase over the last fiscal as against increase of mere 19% in the urban bank branches. With emphasis on financial inclusion, linking MGNREGA wages with bank accounts and increase in coverage of rural areas with bank branches both deposits and advances of the rural bank branches have increased substantially. <br /><br />As against deposits of Rs 14,893 crore in the rural bank branches of state on June 2011, the net deposits stood at Rs 19,966 crore in June 2012 showing an increase of Rs 5,073 crore corresponding to 34.06% over the deposits of last fiscal. In contrast, the deposits in urban banks stood at Rs 43,776 crore by June end as against the deposits of Rs 3, 802 crore of June 2011. The increase in amount deposited in urban bank branches increased by Rs 6,974 crore corresponding to 19% rise than the previous fiscal. <br /><br />S K Singh, assistant general manager, Allahabad Bank which is the convener bank for state level bankers committee (SLBC) here said that the rise in deposits of rural bank branches could be correlated with extension of bank services through different models in the rural areas and thrust given to the financial inclusion drive. <br /><br />&quot;The money in villages that never came to the banks has now started being routed through banks because of robust bank infrastructure and financial inclusion of the people,&quot; he said. He however said that large chunk of the money in rural bank branches could be attributed to wages meant for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) workers. &quot;Obviously this indicates to prosperity of villages because more and more money is coming to the villages in form of wages through the national scheme,&quot; he said. <br /><br />Developmental economist and professor at Ranchi University Ramesh Sharan however has a different opinion. He believes that since the components of deposits are not available for scrutiny rise in the deposits could not be linked with prosperity. &quot;If the time deposit component of the aggregate deposits has increased it may indicate that people in rural Jharkhand have enough to put in fixed deposits but if the increase in deposits is because of rise in demand deposits it may indicate to hoarding of government funds in the bank branches,&quot; he said. <br /><br />Substantiating his argument Singh said that a major component of the deposits comes in form of government fund meant for the welfare and development schemes for the villages. &quot;Money meant for the schemes reaches the blocks through rural bank branches and if the money is not withdrawn and spent on time it reflects as increased deposits in the bank ledger,&quot; he said.</div>                                                           
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    <br><a href="http://articles.timesofindia.indiatimes.com/2012-08-19/ranchi/33272157_1_bank-branches-aggregate-deposits-net-deposits" class="re" target="_blank">The Times of India, 19 August, 2012, http://articles.timesofindia.indiatimes.com/2012-08-19/ranchi/33272157_1_bank-branches-aggregate-deposits-net-deposits</a><div class="clear"></div>
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RANCHI: If deposits in banks are indicative of prosperity of a region, Jharkhand villages have been blazing quite a trail over the past couple of years. The volume of money deposited with rural bank branches witnessed a..."/>
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    <h1 class="cat-box-title">34% increase in deposits at rural banks-Jaideep Deogharia</h1>
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                            <div align="justify">-The Times of India<br /><br /><em>RANCHI: </em>If deposits in banks are indicative of prosperity of a region, Jharkhand villages have been blazing quite a trail over the past couple of years. The volume of money deposited with rural bank branches witnessed a whopping 34% increase over the last fiscal as against increase of mere 19% in the urban bank branches. With emphasis on financial inclusion, linking MGNREGA wages with bank accounts and increase in coverage of rural areas with bank branches both deposits and advances of the rural bank branches have increased substantially. <br /><br />As against deposits of Rs 14,893 crore in the rural bank branches of state on June 2011, the net deposits stood at Rs 19,966 crore in June 2012 showing an increase of Rs 5,073 crore corresponding to 34.06% over the deposits of last fiscal. In contrast, the deposits in urban banks stood at Rs 43,776 crore by June end as against the deposits of Rs 3, 802 crore of June 2011. The increase in amount deposited in urban bank branches increased by Rs 6,974 crore corresponding to 19% rise than the previous fiscal. <br /><br />S K Singh, assistant general manager, Allahabad Bank which is the convener bank for state level bankers committee (SLBC) here said that the rise in deposits of rural bank branches could be correlated with extension of bank services through different models in the rural areas and thrust given to the financial inclusion drive. <br /><br />&quot;The money in villages that never came to the banks has now started being routed through banks because of robust bank infrastructure and financial inclusion of the people,&quot; he said. He however said that large chunk of the money in rural bank branches could be attributed to wages meant for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) workers. &quot;Obviously this indicates to prosperity of villages because more and more money is coming to the villages in form of wages through the national scheme,&quot; he said. <br /><br />Developmental economist and professor at Ranchi University Ramesh Sharan however has a different opinion. He believes that since the components of deposits are not available for scrutiny rise in the deposits could not be linked with prosperity. &quot;If the time deposit component of the aggregate deposits has increased it may indicate that people in rural Jharkhand have enough to put in fixed deposits but if the increase in deposits is because of rise in demand deposits it may indicate to hoarding of government funds in the bank branches,&quot; he said. <br /><br />Substantiating his argument Singh said that a major component of the deposits comes in form of government fund meant for the welfare and development schemes for the villages. &quot;Money meant for the schemes reaches the blocks through rural bank branches and if the money is not withdrawn and spent on time it reflects as increased deposits in the bank ledger,&quot; he said.</div>                                                           
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    <br><a href="http://articles.timesofindia.indiatimes.com/2012-08-19/ranchi/33272157_1_bank-branches-aggregate-deposits-net-deposits" class="re" target="_blank">The Times of India, 19 August, 2012, http://articles.timesofindia.indiatimes.com/2012-08-19/ranchi/33272157_1_bank-branches-aggregate-deposits-net-deposits</a><div class="clear"></div>
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RANCHI: If deposits in banks are indicative of prosperity of a region, Jharkhand villages have been blazing quite a trail over the past couple of years. The volume of money deposited with rural bank branches witnessed a..."/>
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    <h1 class="cat-box-title">34% increase in deposits at rural banks-Jaideep Deogharia</h1>
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                            <div align="justify">-The Times of India<br /><br /><em>RANCHI: </em>If deposits in banks are indicative of prosperity of a region, Jharkhand villages have been blazing quite a trail over the past couple of years. The volume of money deposited with rural bank branches witnessed a whopping 34% increase over the last fiscal as against increase of mere 19% in the urban bank branches. With emphasis on financial inclusion, linking MGNREGA wages with bank accounts and increase in coverage of rural areas with bank branches both deposits and advances of the rural bank branches have increased substantially. <br /><br />As against deposits of Rs 14,893 crore in the rural bank branches of state on June 2011, the net deposits stood at Rs 19,966 crore in June 2012 showing an increase of Rs 5,073 crore corresponding to 34.06% over the deposits of last fiscal. In contrast, the deposits in urban banks stood at Rs 43,776 crore by June end as against the deposits of Rs 3, 802 crore of June 2011. The increase in amount deposited in urban bank branches increased by Rs 6,974 crore corresponding to 19% rise than the previous fiscal. <br /><br />S K Singh, assistant general manager, Allahabad Bank which is the convener bank for state level bankers committee (SLBC) here said that the rise in deposits of rural bank branches could be correlated with extension of bank services through different models in the rural areas and thrust given to the financial inclusion drive. <br /><br />&quot;The money in villages that never came to the banks has now started being routed through banks because of robust bank infrastructure and financial inclusion of the people,&quot; he said. He however said that large chunk of the money in rural bank branches could be attributed to wages meant for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) workers. &quot;Obviously this indicates to prosperity of villages because more and more money is coming to the villages in form of wages through the national scheme,&quot; he said. <br /><br />Developmental economist and professor at Ranchi University Ramesh Sharan however has a different opinion. He believes that since the components of deposits are not available for scrutiny rise in the deposits could not be linked with prosperity. &quot;If the time deposit component of the aggregate deposits has increased it may indicate that people in rural Jharkhand have enough to put in fixed deposits but if the increase in deposits is because of rise in demand deposits it may indicate to hoarding of government funds in the bank branches,&quot; he said. <br /><br />Substantiating his argument Singh said that a major component of the deposits comes in form of government fund meant for the welfare and development schemes for the villages. &quot;Money meant for the schemes reaches the blocks through rural bank branches and if the money is not withdrawn and spent on time it reflects as increased deposits in the bank ledger,&quot; he said.</div>                                                           
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    <br><a href="http://articles.timesofindia.indiatimes.com/2012-08-19/ranchi/33272157_1_bank-branches-aggregate-deposits-net-deposits" class="re" target="_blank">The Times of India, 19 August, 2012, http://articles.timesofindia.indiatimes.com/2012-08-19/ranchi/33272157_1_bank-branches-aggregate-deposits-net-deposits</a><div class="clear"></div>
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34% increase in deposits at rural banks-Jaideep Deogharia

Published on Aug 21, 2012   Modified on Aug 21, 2012

-The Times of India RANCHI: If deposits in banks are indicative of prosperity of a region, Jharkhand villages have been blazing quite a trail over the past couple of years. The volume of money deposited with rural bank branches witnessed a whopping 34% increase over the last fiscal as against increase of mere 19% in the urban bank branches. With emphasis on financial inclusion, linking MGNREGA wages with bank accounts and increase in coverage of rural areas with bank branches both deposits and advances of the rural bank branches have increased substantially. As against deposits of Rs 14,893 crore in the rural bank branches of state on June 2011, the net deposits stood at Rs 19,966 crore in June 2012 showing an increase of Rs 5,073 crore corresponding to 34.06% over the deposits of last fiscal. In contrast, the deposits in urban banks stood at Rs 43,776 crore by June end as against the deposits of Rs 3, 802 crore of June 2011. The increase in amount deposited in urban bank branches increased by Rs 6,974 crore corresponding to 19% rise than the previous fiscal. S K Singh, assistant general manager, Allahabad Bank which is the convener bank for state level bankers committee (SLBC) here said that the rise in deposits of rural bank branches could be correlated with extension of bank services through different models in the rural areas and thrust given to the financial inclusion drive. "The money in villages that never came to the banks has now started being routed through banks because of robust bank infrastructure and financial inclusion of the people," he said. He however said that large chunk of the money in rural bank branches could be attributed to wages meant for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) workers. "Obviously this indicates to prosperity of villages because more and more money is coming to the villages in form of wages through the national scheme," he said. Developmental economist and professor at Ranchi University Ramesh Sharan however has a different opinion. He believes that since the components of deposits are not available for scrutiny rise in the deposits could not be linked with prosperity. "If the time deposit component of the aggregate deposits has increased it may indicate that people in rural Jharkhand have enough to put in fixed deposits but if the increase in deposits is because of rise in demand deposits it may indicate to hoarding of government funds in the bank branches," he said. Substantiating his argument Singh said that a major component of the deposits comes in form of government fund meant for the welfare and development schemes for the villages. "Money meant for the schemes reaches the blocks through rural bank branches and if the money is not withdrawn and spent on time it reflects as increased deposits in the bank ledger," he said.

The Times of India, 19 August, 2012, http://articles.timesofindia.indiatimes.com/2012-08-19/ranchi/33272157_1_bank-branches-aggregate-deposits-net-deposits

Tagged with: Financial Inclusion

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