Foreign banks contributed 7.3 per cent of the aggregate deposits, while regional rural banks accounted for 3.5 per cent. Other scheduled commercial banks, which include both old and new private sector banks, contributed 9.4 per cent.

Of the gross bank credit, nationalised banks accounted for a share of 47.7 per cent of the total bank credit, while SBI and its associates claimed a share of 29.9 per cent. Other scheduled commercial banks, foreign banks and regional rural banks had shares of 9.9 per cent, 9.4 per cent and 3.1 per cent respectively.

Among the states, the growth rate of deposits was the highest in Orissa which witnessed a growth of 26.7 per cent followed by Delhi with agrowth of 26.2 per cent. Both Tripura and Meghalaya's deposits grew by 24.3 per cent, while Jammu and Kashmir grew by 22.4 per cent.

The growth rate of bank credit was the highest in Delhi which witnessed a growth of 31.3 per cent followed by Arunachal Pradesh (26.5 per cent), Sikkim (24.5 per cent), Rajasthan (20.1 per cent) and Meghalaya (18.6 per cent). Six states, namely Maharashtra, Delhi, Uttar Pradesh, West Bengal, Tamil Nadu and Gujarat together accounted for a total share of 60.7 per cent in aggregate deposits.

Similarly, Maharashtra, Delhi, Tamil Nadu, Andhra Pradesh, Karnataka and West Bengal together accounted for a total share of 69.1 per cent in gross bank credit. Maharashtra alone contributed to 20.3 per cent of the total deposits and 25.2 per cent of the total bank credit. The all-India credit-deposit (CD) ratio as on the last Friday of December 1997 worked out to 55.5 per cent. The ratio was relatively high for SBI and its associates (65.7 per cent), while it was lower for regional ruralbanks at 49 per cent.