NEW DELHI, July 5: Tamil Nadu, Andhra Pradesh, Maharashtra and Manipur have recorded the highest credit-deposit ratios in the country, according to the latest data available.ŽAgainst an all-India average ratio of 55.5 per cent of all scheduled commercial banks (as on the last Friday of December 1997), Tamil Nadu's ratio was an astounding 92.3 per cent.Andhra Pradesh recorded the second highest at 74.2 per cent, followed by Maharashtra's 68.7 per cent and Manipur's 59 per cent.
The national capital territory of Delhi registered a ratio of 70.9 per cent, close to the the union territory of Chandigarh's 69.1 per cent. The ratio of all other states and union territories is below the all-India average.
The ability of banks to increase their credit outgo, however, depends upon availability of adequate infrastructure facilities, the credit-absorption capacity of the region, conducive atmosphere for investment and adequate recovery of bank loans.
Lakshadweep had the lowest ratio of 9.1 per cent, followed byMeghalaya (13.1 per cent), Arunachal Pradesh (13.6 per cent), Andaman & Nicobar Islands and Dadra & Nagra Haveli.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
