The Hindu : Karnataka News : Exceptional performance by scheduled commercial banks

Online edition of India's National Newspaper
Friday, May 06, 2005

Karnataka

Karnataka

Exceptional performance by scheduled commercial banks

Special Correspondent

State comes sixth with Rs. 93,046 crores aggregate deposits State comes sixth with Rs. 93,046 crores aggregate deposits

GULBARGA: The performance of scheduled commercial banks in the State in aggregate deposits and gross credit has been exceptional. The State is placed sixth with Rs. 93,046 crores aggregate deposits after Maharashtra, Delhi, Uttar Pradesh, Tamil Nadu and West Bengal.

Official sources told The Hindu here that as per the latest figures available with the Reserve Bank of India (RBI) as on March 2004, the State, with 4,834 branches, has an aggregate gross credit of Rs. 58,519 crores placing it in the fourth place after Maharashtra, Delhi and Tamil Nadu.

Maharashtra with 6,334 branches stood first in aggregate deposits of Rs. 3,22,551 crores and gross credit of Rs. 2,62,399 crores at the end of March 2004. Delhi with 1,540 branches had aggregate deposits of Rs. 1,83,080 crores and gross credit of Rs. 1,12,020 crores stands second.

Tamil Nadu with 4,757 branches had aggregate deposits of Rs. 99,873 crores and gross credit of Rs. 88,622 crores. Though Uttar Pradesh has 8,213 branches, it has aggregate deposits of Rs. 1,19,333 crores placing it in the third position in this category. Its gross credit of Rs. 39,634 crores places it in the seventh place among the top 10 States.

West Bengal with aggregate deposits of Rs. 97,325 crores stands fifth in this group and sixth with Rs. 48,003 crores in the gross credit category. Andhra Pradesh, which stands fifth in this category with gross credit of Rs. 55,992 crores, comes seventh in the aggregate deposits group with Rs. 84,797 crores.

Gujarat, Kerala and Punjab are placed eighth, ninth and 10th in both aggregate deposits and gross credit categories.

Lending

Sources said at the end of March 2004, outstanding advances of commercial banks, including regional rural banks, were Rs. 51,616 crores and it is expected to reach Rs. 60,300 crores in the State by the end of March 2005.

The credit deposit ratio is witnessing a steady increase from 65.15 per cent in 2003 to 66.44 per cent in 2004. The anticipated credit deposit ratio at the end of March 2005 was 67 per cent and this was over and above the norm stipulated by the RBI at 60 per cent. The credit deposit ratio of regional rural banks was high at 85 per cent.

Exceeds target

The sources said that in the priority sector advances too the State's performance was over and above the norm fixed by the RBI.

Individual branch business in the State has also seen an increase from Rs. 22.41 crores in March 2003 to Rs. 27 crores in March 2004.

In sanctioning assistance under the Rural Infrastructure Development Fund (RIDF) too, the State ranks seventh with Rs. 1,969.23 crores. It has disbursed Rs. 1,307.55 crores to different projects.

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