The State Level Bankers’ Committee (SLBC), Telangana convened its 45th Quarterly Review Meeting in Hyderabad on Thursday to assess the banking sector's performance for the quarter ending March 2025 and launch the Annual Credit Plan for FY 2025-26.

The meeting saw participation from senior officials from government departments, banking institutions, and representatives of various federations.

Rajesh Kumar, DMD, SBI Hyderabad Circle, presented the financial performance of banks in Telangana. Total deposits increased by Rs 60,477 crore, reaching Rs 8,40,430 crore, while advances grew by Rs 1,02,302 crore, totaling Rs 10,81,361 crore.

The credit-deposit ratio rose to 128.67 percent, indicating strong lending activity. Banks disbursed Rs 2,67,452 crore under priority sector lending, achieving 89.61 percent of targets, with MSME financing amounting to Rs 1,21,343 crore and PM Mudra Yojana sanctions reaching Rs 13,472 crore.

On financial inclusion, banks reported 126.52 lakh PMJDY accounts, with 83.20 percent seeded with Aadhaar and 68.89 percent RuPay card issuance. Under social security schemes, over 192.76 lakh customers were enrolled, while PM Svanidhi loans benefited more than 7.24 lakh street vendors.

Deputy Chief Minister Bhatti Vikramarka Mallu launched the Annual Credit Plan for FY 2025-26, projecting Rs 8,58,100 crore in credit disbursement, an increase of 31.67 percent from the previous year. The priority sector allocation stands at Rs 3,85,855 crore, including Rs 1,62,946 crore for agriculture and Rs 2,03,565 crore for MSME.

Officials emphasized the need for financial inclusion, increased focus on education loans, and micro-enterprise financing to support economic and social development.