Led by SBI group, PSBs dominate credits, deposits space

They had 73.2% and 73.9% market share in credits and deposits respectively as of end March 2014

State-owned lenders remain dominant players in India's banking system with SBI group alone accounting for about a quarter of the market share both in the credits as well as the deposits arena.

Public sector banks (PSBs) had 73.2 per cent and 73.9 per cent market share in credits and deposits respectively as of end March 2014, as per the latest report by the Reserve Bank.

It did not offer comparative figures for the previous 12 months in its 'Basic statistical returns of commercial banks (BSR report), volume 43'.

According to the BSR 2014 report, as of March 2014, gross outstanding credit of the system rose 13.7 per cent to Rs 62,82,082.43 crore in 2013-14. In the previous fiscal, it had registered an increase of 15 per cent.

The deposits stood at Rs 79,55,721.22 crore, up 13.4 per cent in 2014 as against 15.4 per cent in 2013.

The BSR report said State Bank of India Group's credit share stood at 22.1 per cent of the total at Rs 13,90,569.58 crore, while their deposit share stood at Rs 17,11,690.86 crore or 25.9 per cent as of March 2014.

The share of credit market of other public sector banks as a whole stood at 51.1 per cent at Rs 32,07,506.54 crore and that of deposits at Rs 61,31,037.72 crore or 50 per cent, the RBI report showed.

Against this, private sector lenders' credit market share stood at 19.4 per cent at Rs 12,21,334.14 crore while the deposits at 14,96,793.90 crore or 18.8 per cent.

This shows that over a dozen private sector lenders together are smaller than the SBI Group on both the credit and deposit fronts.

In contrast, 96 foreign banks, most of which are one branch set-ups with no retail presence, had credit share of 4.8 per cent of the system at Rs 3,03,790.29 crore and deposits pie at lower 4.3 per cent or Rs 3,66,127.2 crore.

The regional rural banks' had a credit share of 2.5 per cent at Rs 1,58,881.88 crore and that of deposits at 2.9 per cent at Rs 2,33,272.34 crore, the report showed.