100 Centres Of Nationalised Banks Cornered 59% Deposits

As on September 1996, the top 100 centres of nationalised banks, arranged in order of deposit size, accounted for 58.8 per cent of total bank deposits.

These centres also constituted 71.5 per cent of total bank credit.

According to the Banking Statistics Quarterly review, nationalised banks contributed 55 per cent of aggregate deposits and the State Bank of India (SBI) and its associates accounted for another 25.4 per cent. Other scheduled commercial banks contributed 8.1 per cent, foreign banks 7.5 per cent and regional rural banks (RRBs) 3.9 per cent.

As regards gross bank credit, nationalised banks accounted for 47.9 per cent while SBI and its associates claimed a 31 per cent share.

Foreign banks, other scheduled commercial banks and regional rural banks followed with shares of 8.9 per cent, 8.8 per cent, and 3.4 per cent respectively.

Among the states, the highest deposit growth rate of 41.2 per cent was seen in Madhya Pradesh, followed by Haryana at 20.3 per cent, Orissa 20 per cent, Karnataka 19.3 per cent, and Andhra Pradesh at 19.1 per cent.

The growth rate of bank credit was the highest in the state of Madhya Pradesh at 39.2 per cent.

This was followed by Karnataka at 19.5 per cent, Tamil Nadu with a figure of 15.3 per cent, Andhra Pradesh with 15 per cent, and Kerala at 14.7 per cent.Six states, namely Maharashtra, Uttar Pradesh, West Bengal, Tamil Nadu, Gujarat and Karnataka, together accounted for 55.8 per cent of the aggregate deposits.

Maharashtra, Tamil Nadu, Andhra Pradesh, Karnataka, West Bengal, and Uttar Pradesh together accounted for 61.5 per cent of gross bank credit.

Maharashtra alone accounted for 20.8 per cent of total deposits and 24.9 per cent of total credit.

The all-India credit-deposit ratio was 57.5 per cent.

The ratio was relatively high for State Bank of India and its associates at 70.1 per cent, foreign banks 67.9 per cent, and other scheduled commercial banks 62.6 per cent.

However, it was lower for nationalisesd banks at 50.1 per cent and for regional rural banks 49.7 per cent.

It was highest for metropolitan centres at 75 per cent, followed by urban centres 48 per cent, rural centres 46.1 per cent, and semi-urban centres at 38.1 per cent.