Total Income Moves Up To Rs 65,064 Cr

Total income of the banking sector has gone up from Rs 39,392 crore to Rs 65,064 crore during the period 1991-96.

Total income of the 27 public sector banks stood at Rs 53,665 crore.

State Bank of India recorded a growth of 50 per cent in its total income from Rs 10,931 crore to Rs 15,716 crore.

Total income of the new private sector banks stood at Rs 995 crore.

One interesting feature is that the proportion of non-interest income as a proportion of total income in case of State Bank of India has gone up from 12.77 per cent in

 

1991-92 to 17.54 per cent in 1995-96.

In case of foreign banks, this ratio has gone down from 22.74 per cent to 18.35 per cent.

On the other hand, this ratio as a whole for the banking system has gone up from 11.82 per cent to 13.72 per cent in this period.

For the public sector as well as the private sector banks, this ratio has shown an upward trend.

The principal sources of non-interest income are commissions, exchange and brokerage transactions.