Banks in Dakshina Kannada achieve Rs 33,351 cr biz

Our Bureau Mangalore | Updated on July 17, 2012 Published on July 17, 2012

Banks in Dakshina Kannada district recorded a business of Rs 33,351 crore in 2011-12.

This was revealed at the district-level review committee meeting for banking development here on Tuesday.

Speaking on the occasion, Mr J.S. Shenoy, Deputy General Manager of Syndicate Bank, said that as many as 497 branches of various banks in Dakshina Kannada witnessed a business growth of 25 per cent during 2011-12.

The deposit growth in the district, which stood at 28 per cent, belied the slowdown factor. The total deposits in the district stood at Rs 21,665 crore.

The growth in deposits was rural branches 32.20 per cent, surpassing that of branches in urban areas that registered a growth of 30.50 per cent.

The year-on-year growth in advances was 20.90 per cent, and the advances stood at Rs 11,686 crore during the year.

Mr Shenoy said that among 30 districts in Karnataka, Dakshina Kannada ranks first both in deposits and advances.

Credit-deposit ratio

Mr Shenoy said that the credit-deposit ratio in the district is showing a declining trend for the past three years. The ratio, which was 56.90 per cent in 2009-10, came down to 53.50 per cent in 2011-12.

Mr Hemanth Bhide, Chief Manager, Lead Bank (Syndicate Bank is the Lead Bank in Dakshina Kannada), said that among the five blocks in Dakshina Kannada, Belthangady recorded the highest ratio of 109.40 per cent, followed by Sullia at 84.30 per cent and Puttur at 64.75 per cent. The credit-deposit ratio of Bantwal block was 54.70 per cent and Mangalore was 50.13 per cent.

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Published on July 17, 2012
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