Banks in Tamil Nadu have maintained one of the highest credit-deposit Ratio of 119.15% in the country. Total deposits of the banks in Tamil Nadu registered an year-on-year increase of 14.32% by March 2014 and touched Rs 5,08,231.14 crore. Total credit of the banks in Tamil Nadu registered a year-on-year increase of 13.50% by March 2014 and touched Rs 6,05,563.11 crore.
The State Level Bankers' Committee of Tamil Nadu today convened its 138th SLBC Meeting to review the banking industry performance in the State.
The share of Priority Sector Advances stands at 45.54% as against the national average of 40%. The percentage of Agricultural advances to total advances as at the end of March 2014 works out to 20.18% as against the national average of 18%.
Under the Annual Credit Plan 2013-14, banks in the State have disbursed total credit of Rs 1,26,412.30 crore for the year 2013-14 with an achievement of 104%.
As of March 2014, banks in Tamil Nadu have reached 9,33,398 (85.98%) accounts and outstanding of Rs 15,509.08 (92.04 %) crore against the terminal target of 10,85,560 accounts and outstanding of Rs 16,851.08 crore for March 31, 2014.
