Chennai: The 184th meeting of the State Level Bankers’ Committee (SLBC) for Tamil Nadu was held on 19 November 2025 at Chennai under the chairmanship of Thiru T. Udhayachandran, IAS, Principal Secretary to the Government, Finance Department, Government of Tamil Nadu. The meeting was organized by Indian Overseas Bank (IOB), which serves as the convenor for SLBC-Tamil Nadu.
Key Dignitaries Attend the Meeting
The meeting was attended by several senior officials, including:
- Thiru Dhanaraj T, Executive Director, Indian Overseas Bank & Chairman SLBC, Tamil Nadu
- Thiru V. Srinivasan, Officer-in-Charge, Reserve Bank of India, Chennai
- Dr. P. S. Harikrishna Raj, General Manager, NABARD, Tamil Nadu Regional Office
- Secretaries and department heads of various government departments
- Senior executives from RBI, NABARD, state government, banks, and Local District Managers (LDMs) from all districts of Tamil Nadu
The gathering provided an important platform for discussions between bankers, government representatives, and other stakeholders.
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Focus on Economic Momentum and Credit Expansion
In his address, the Principal Secretary emphasized the need to sustain Tamil Nadu’s economic momentum over the next decade. He urged banks to:
- Strengthen investments in youth skill development
- Expand credit flow to the MSME sector
- Provide greater support for women-led enterprises
The session highlighted the critical role of banks in promoting inclusive economic growth and enhancing the state’s competitiveness.
Review of Priority Sector Lending and ACP Performance
The meeting reviewed the performance under Priority Sector Lending (PSL) for the quarter ended September 2025, covering sectors such as:
- Agriculture
- Micro, Small, and Medium Enterprises (MSME)
- Education loans
- Housing loans
- Various government schemes
The agenda was presented by Mrs. Vijaya N, General Manager, Indian Overseas Bank, and Convenor of SLBC-Tamil Nadu.
For the quarter ended September 2025, the overall Annual Credit Plan (ACP) performance stood at Rs. 5.11 lakh crore, achieving 56.77% of the annual target of Rs. 9.00 lakh crore for FY 2025-26. The discussions focused on strategies to accelerate credit growth and enhance the effectiveness of financial inclusion initiatives.
Collaboration for Strengthened Economic Development
The meeting served as an important platform for collaboration between banks, government officials, and other stakeholders. The dialogue aimed to accelerate credit flow, promote sustainable development, and strengthen Tamil Nadu’s position as a growth-driven economy.
About Indian Overseas Bank (IOB)
Indian Overseas Bank (IOB) is a leading public sector bank in India, known for its strong corporate banking, retail banking, and priority sector lending services. Serving as the convenor for SLBC-Tamil Nadu, IOB plays a pivotal role in coordinating with banks and government agencies to promote financial inclusion, credit expansion, and regional economic development.
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