CD ratio is highest in the south with TN's at 104%

The total deposits of the banks in Tamil Nadu rose 30.65 per cent during the year-ended March 31, 2012, touching Rs 4,29,072.09 crore. The gross credit rose 19.49 per cent during the same period to Rs 4,49,262.27 crore.

M Narendra, chairman and managing director, Indian Overseas Bank, and Convener, State Level Bankers’ Comittee (SLBC), Tamil Nadu in his inaugural address at the 130th SLBC meeting said the state has maintained a CD ratio of 104.72 per cent, which is one of the highest in the country.

Banks have achieved the annual target for outstanding under priority sector advances and the share of the priority sector advances has increased to 46.94 per cent as against the national norm of 40 per cent. The share of agricultural advances has increased to 20.81 per cent as against the national norm of 18 per cent.

Under the Annual Credit Plan 2011-12, banks in the state have disbursed credit of Rs 60,598.91 crore with an overall achievement of 107 per cent of the target. Disbursement under the farm sector, non-farm sector and other priority sectors in quantum was Rs 36,358.39 crore, Rs 11,212.45 crore and Rs 12.028.08 crore respectively and in terms of per centage it is 117 per cent, 89 pre cent and 100 per cent respectively.

As per the financial inclusion plan “we as the convener of SLBC Tamil Nadu identified the unbanked centres above the population of 2,000 (number of villages 4,445) and conveyed the bank-wised and village-wise allocation to all banks,” Narendra added.

With the collective efforts of the lead district managers and member banks, the coverage of over 2,000 villages of 4,445 was completed as on March 19, 2012, well ahead of the deadline, said Narendra.

Commenting on providing banking services in every village with a population of over 1,600 and less than 2000, he said, every one of these villages will be covered by March 2013 in Tamil Nadu.

“On the basis of the guidelines, 1,676 villages were identified and allotted to various banks in the state and the banks have started coverage of the villages,” he said.