Top 100 centres account for 61% of deposits: RBI

The top 100 centres arranged according to the size of deposits accounted for 60.7% of the total deposits of all scheduled commercial banks in India as on the last Friday of June 2002, reveals RBI’s ‘Banking Statistics: Quarterly Handout—June 2002’. The top 100 centres arranged according to the size of bank credit accounted for 76.7% of total bank credit. Primary data has been collected from all scheduled commercial banks through BSR-7 returns.

Nationalised banks as a group accounted for 50.2% of the aggregate deposits, while SBI and its associates accounted for 24.1%. The shares in aggregate deposits were 16.8% for other scheduled commercial banks, 5.2% for foreign banks and 3.8% for regional rural banks. With regards to gross bank credit, nationalised banks accounted for a share of 46.6% of the total bank credit, while SBI and its associates had a share of 24.6%. other scheduled commercial banks, foreign banks and RRBs had relative shares in the total gross bank credit to the extent of 18.5%, 7.5% and 2.8% respectively.

The state-wise growth rates and shares of deposits and credit of scheduled commercial banks have been worked out and it is observed that the annual (point-to-point) growth rate of deposits was the highest in Maharashtra (33.5%), followed by Andaman & Nicobar Islands (28.8%) and Sikkim (26.4%). The annual (point-to-point) growth rate of bank credit was the highest in Dadra & Nagar Haveli (63.4%), followed by Maharashtra (52.2%), and Chhattisgarh (43.9%).

Five states, Maharashtra, Delhi, UP, West Bengal and Tamil Nadu together accounted for over 50% of aggregate deposits mobilised by scheduled commercial banks