Nationalised banks corner chunk of aggregate deposits
Our Banking Bureau
MUMBAI, January 2: Nineteen nationalised banks accounted for 55 per cent of the aggregate deposits collected on the last Friday of September 1997 (the first half). The share of the State Bank of India and its seven associates in the aggregate deposits was to the tune of 25 per cent. This was revealed by the Reserve Bank of India in its data on aggregate deposits and gross bank credit of scheduled commercial banks, released here on Thursday.The shares of other bank groups were-7.2 per cent for foreign banks, 9.3 per cent for other scheduled commercial banks and 3.5 per cent for regional rural banks. The top hundred centres -- arranged according to the size of deposits -- accounted for 59 per cent of the total deposits. Similarly, the centres arranged according to the size of bank credit constituted 71.5 per cent of the total bank credit. The nationalised banks accounted for 48.5 per cent of the total gross bank credit while SBI and its seven associates contributed 28.4 per cent. The foreign banks, other
scheduled commercial banks, regional rural banks followed with 9.8 per cent, 10.1 per cent and 3.2 per cent in that order. The all India credit-deposit ratio was pegged at 53.7 per cent as on the last week of September. The State Bank of India and its associates recorded 61.1 per cent credit-deposit ratio. The credit-deposit ratios were much lower for regional rural banks at 48.7 per cent and nationalised banks recorded 47.3 per cent. The metropolitan centres have recorded the highest CD ratio of 71.1 per cent followed by urban centres (43 per cent), rural centres (42.8 per cent) and semi urban centres (35.9 per cent). Among the states, Meghalaya recorded 41.2 per cent deposit growth rate, followed by Tripura, Jammu & Kashmir, Orissa and Himachal Pradesh at 24.6 per cent, 24.5 per cent, 24.4 per cent and 22.7 per cent. Meanwhile the bank credit growth was highest in Arunachal Pradesh followed by Delhi, Meghalaya and other states.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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