The figures were reviewed at the 19th meeting of the Jammu and Kashmir Union Territory Level Bankers’ Committee (UTLBC), chaired by Chief Secretary Atal Dulloo at SKICC here on Friday. The CD ratio in JK currently stands at around 61 per cent, substantially below the national average of about 81 per cent. The Chief Secretary also called for expansion of the formal banking network in rural and far-flung areas. Banks were asked to prepare a time-bound plan for opening new brick-and-mortar branches over the next year to improve access to banking services. The meeting also brought scrutiny on the performance of several public sector banks under priority-sector lending.