The Hindu Business Line : C-D ratio of banks at 59.9 per cent

THE credit-deposit (C-D) ratio of scheduled commercial banks as on last Friday of September 2004 stood at 59.9 per cent, according to the Reserve Bank of India's Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks - September 2004.

The CD ratio indicates the extent of investment of bank deposits by way of credit.

The highest C-D ratio was observed in Chandigarh (93.4 per cent), followed by Tamil Nadu (91.3 per cent) and Maharashtra (86.1 per cent).

At the bank group level, the C-D ratio was above the all-India ratio in respect of foreign banks (90.8 per cent) and other scheduled commercial banks (69.2 per cent), and was lower for State Bank of India and its associates (59.0 per cent), nationalised banks (55.1 per cent) and regional rural banks (50.4 per cent).

Population group-wise C-D ratio of all scheduled commercial banks, metropolitan centres had the highest C-D ratio at 76.9 per cent, followed by rural centres (46.5 per cent) which overtook urban centres (46.3 per cent) marginally. The semi-urban centres recorded the lowest C-D ratio at 39.7 per cent.

As regards gross bank credit, nationalised banks held the maximum share of 46.3 per cent of the total bank credit followed by State Bank of India and its associates at 24.2 per cent and other Scheduled Commercial Banks at 19.5 per cent. Foreign banks and regional rural banks had relatively lower shares in the total gross bank credit at 7.0 per cent and 3.0 per cent, respectively.

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C-D ratio of banks at 59.9 per cent