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Top 100 bank branches’ deposit up 21%

This article was posted on Jul 21, 2009 and is filed under Press Releases

The Reserve Bank of India (RBI) released quarterly statistics on deposits and credit of scheduled commercial banks for March 2009, revealed that aggregate deposits of top hundred centres increased by 21% in March 2009 over March 2008 compared to a growth of 25.7% a year ago.

Growth rate of gross bank credit of top hundred centres at 20.5% in March 2009 was lower than 23.4% growth recorded in March 2008.

The top hundred centres, arranged according to the size of deposits accounted for 69.2% of the total deposits and the top hundred centres arranged according to the size of bank credit accounted for 78.5% of total bank credit, the RBI said.

In March 2008, the corresponding share of top hundred centres in aggregate deposits and gross bank credit stood at 69.7% and 77.8%, respectively.

Meanwhile, nationalised banks, as a group, accounted for 49.5% of the aggregate deposits, while State Bank of India (SBIN.NS : 1711.55 -11.4) and its associates accounted for 24.1%. The shares of other scheduled commercial banks, foreign banks and regional rural banks in aggregate deposits were 18.2%, 5.2% and 3%, respectively. As regards gross bank credit, nationalised banks held the highest share of 50.5% in the total bank credit followed by State Bank of India and its associates at 23.1% and other scheduled commercial banks at 18.2%. Foreign banks and regional rural banks had relatively lower share in the total bank credit at 5.9% and 2.3%, respectively.

At the all India level, the credit-deposit (CD) ratio of all scheduled commercial banks as on March 31, 2009 stood at 72.6%.

Among the states and union territories, the highest CD ratio was observed in Chandigarh at 114.1%, followed by Tamil Nadu at 108.9%. At the bank group level, the CD ratio was above the all-India ratio in respect of foreign banks was 82.5%, nationalised banks at 74.1% and was lower in case of other scheduled commercial at 72.5%, State Bank of India and its associates stood at 69.4%.

source: Yahoo Finance

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