State-run banks’ aggregate deposits share falls to 54.7%

These declines become evident on a comparison of the Reserve Bank of India’s “Banking statistics: Quarterly handouts” for the last Fridays of March 1998 and March 1997. The Reserve Bank handouts provide data on aggregate bank deposits and gross bank credit. The primary data is culled from commercial banks and presented according to the top hundred centres, population groups, districts and bank groups.

On the last Friday of March 1998, the all-India credit-deposit (CD) ratio stood at 55.7 per cent (57.3 per cent). The SBI and itsassociates’ CD ratio stood at 65 per cent (67.2 per cent).

The share of regional rural banks (RRBs) and other scheduled commercial banks in aggregate deposits improved to 3.8 per cent (3.4 per cent) and 9.8 per cent (8.8 per cent) respectively while that of foreign banks stood reduced to 7 per cent (7.2 per cent). On the credit side, the share of RRBs and other scheduled commercial banks improved to 10.5 per cent (9.3 per cent) and 3.2 per cent (3.0 per cent) respectively while that of foreign banks fell to 9 per cent (10 per cent).

Maharashtra’s share of aggregate deposits stood at 19.9 per cent (20.7 per cent) and that in total bank credit at 25.9 per cent (24.8 per cent).

Among the states, Maharashtra, Delhi, Uttar Pradesh, West Bengal, Tamil Nadu and Gujarat accounted for 60.2 per cent (60.4 per cent) of the aggregate deposits while on the credit side, Maharashtra, Delhi, Tamil Nadu, Andhra Pradesh, Karnataka and West Bengal accounted for 19.9 per cent.

The annual (point to point) growth indeposits was the highest in Madhya Pradesh at 28.5 per cent followed by Delhi at 24.8 per cent, Orissa at 23.3 per cent and Jammu & Kashmir at 23.1 per cent. Similarly, growth in credit was the highest in Sikkim at 36.5 per cent followed by Rajasthan at 28.5 per cent, Arunachal Pradesh at 28.3 per cent, Madhya Pradesh at 26.4 per cent and Mizoram at 24 per cent.