The Hindu Business Line : Banks' CD ratio rises in Kerala

The total deposits of the commercial banking system in the State till June 30 stood at Rs 79,676 crore. Out of this, the NRE deposits accounted for Rs 32,247 crore.

The total advances were at Rs 53,638 crore, while total advances and investments in approved securities/debentures touched Rs 56,418 crore, according to the State Level Bankers Committee (SLBC).

The banks disbursed Rs 4,626 crore to the priority sector during the first quarter of the current year, as against Rs 4,141 crore during the same period in the previous year. The disbursals include Rs 2,091 crore to agriculture and Rs 642 crore to the small-scale sector.

Education loans in the State more than doubled during the last two years. As at the end of June 2004, education loans outstanding were to the tune of Rs 521 crore accounted for by 46,316 students.

This increased to Rs 1,358 crore and 1.13 lakh students as on June 30.Out of the total priority sector disbursement target of Rs 24,290 crore for the current year, an amount of Rs 9,645 crore is earmarked for agriculture sector and Rs 3,472 crore for the small-scale sector.

During the year, 28,000 beneficiaries will be financed under the Prime Minister's Rozgar Yojana. Besides, Rs 50.50 crore is earmarked for lending under `Swarnajayanti Gram Swarozgar Yojana".

More Stories on : Credit Market | Fixed Deposits | Kerala

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