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The credit-deposit ratio of banks in the Malappuram district stood at 81 per cent in the third quarter ended December 31, 2010.
Deposits, advances
The total deposits in the banks during the period were at Rs 8,147 crore, which represented an increase of Rs 354 crore at the end of the previous year, according to the figures provided at the District-Level Review Committee meeting on Thursday.
The total advances rose from Rs 4,843 crore to Rs 6,578 crore, marking a credit growth of 36 per cent.
As against a target of Rs 4,055 crore, the banks in the district disbursed Rs 5,071 crore. The total priority sector lending was at Rs 2,313 crore comprising Rs 1,319 crore for agriculture, Rs 35 crore for non-farm sector and Rs 958 crore for other priority sectors. Non-priority sector accounted for Rs 2,758 crore.
NRI deposits
The non-resident deposits in the banks remained stagnant at Rs. 2,541 crore.
Mr H.P.C Hegde, Assistant General Manager, Canara Bank, who delivered the keynote address at the meeting, said that the banks in the district sanctioned education loans to the tune of Rs 49.03 crore during the nine-month period of the year and the outstanding education loans as at the end of the quarter worked out to Rs 208.76 crore.
While emphasising the need for extending education loans by all the banks, including the new generation banks, Mr Hegde also expressed concern over the mounting overdues in this loan segment.
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