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Mumbai, Jan. 7 Nationalised Banks as a group accounted for the largest share of both aggregate bank deposits and gross bank credit, according to the latest figures released by the Reserve Bank of India.

As per RBI’s Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks-September 2008, nationalised banks accounted for 48.6 per cent of the aggregate deposits. State Bank of India and its associates accounted for 23.2 per cent. The share of private sector banks was 19.4 per cent. Foreign banks accounted for 5.8 per cent and Regional Rural Banks for 3 per cent of total bank deposits.

As regards gross bank credit, the share of nationalised banks was the highest at 47.9 per cent, followed by SBI and associates at 23.4 per cent, private banks at 19.3 per cent, foreign banks at 7.2 per cent and RRBs at 2.2 per cent

Aggregate deposits of the top 100 centres increased by 20 per cent in September 2008 over September 2007, compared to a growth of 27.8 per cent in the previous year.

More Stories on : Fixed Deposits | Public Sector Banks

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