The Hindu Business Line : PSBs account for 46 pc of credit in first quarter

PUBLIC sector banks accounted for 46.2 per cent of the gross bank credit in the system as on end June 2004, as per the RBI's "quarterly statistics on deposits and credit of scheduled commercial banks - June 2004".

State Bank of India and its associates registered a share of 23.8 per cent while other scheduled commercial banks, foreign banks and regional rural banks had relatively lower shares in the total gross bank credit at 19.7 per cent, 7.3 per cent and 2.9 per cent, respectively, said an RBI press release.

The annual growth rate of bank credit of top 100 centres was higher at 19.8 per cent in June over June 2003 compared with 10.3 per cent growth recorded a year ago. The number of centres served by scheduled commercial banks stood at 34,966.

The credit-deposit (C-D) ratio of all scheduled commercial banks, at all-India level, as on last Friday of June 2004 stood at 58.0 per cent.

Among the States and Union Territories, the highest C-D ratio was observed in Chandigarh (102.4 per cent), followed by Tamil Nadu (89.8 per cent), and Maharashtra (79.9 per cent), the release said.

At the bank group level, the C-D ratio was above the all-India ratio in respect of foreign banks (88.9 per cent) and other scheduled commercial banks (67.6 per cent), and was lower for SBI and its associates (56.4 per cent), nationalised banks (53.4 per cent) and regional rural banks (47.4 per cent).

As regards population group-wise C-D ratio of all scheduled commercial banks, metropolitan centres had the highest C-D ratio at 74.1 per cent, followed by urban centres (46.1 per cent), rural centres (44.6 per cent) and semi-urban centres (37.9 per cent), the release said.

The top hundred centres arranged according to the size of deposits accounted for 64.0 per cent of the total deposits and the top hundred centres arranged according to the size of bank credit accounted for 75.5 per cent of total bank credit.

Aggregate deposits of top 100 centres grew at 22.4 per cent in June over June 2003 compared with 14.4 per cent a year ago.

Public sector banks as a group accounted for 50.2 per cent of the aggregate deposits, while SBI and its associates accounted for 24.5 per cent.

The shares of other scheduled commercial banks, foreign banks and regional rural banks in aggregate deposits were 16.9 per cent, 4.7 per cent and 3.6 per cent, respectively.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Ownership norm: Existing pvt banks may get a breather
Ministry for applicability on prospective basis

Traders expect bond yields to rise further

Karnataka Bank to offer Net banking soon

PSBs account for 46 pc of credit in first quarter

TIIC initiative to cut lending rates — Proposes pact with SIDBI, State Govt

Higher interest rates are here to stay