The data on Aggregate Deposits and Gross Bank Credit of Scheduled Commercial Banks as on last Friday of December 1997 collected through the BSR-7 returns have now become available. The top hundred centres arranged according to size of deposits accounted for 59.5 per cent of the total deposits. Similarly, the top hundred centres arranged according to size of bank credit constituted 72.2 per cent of total bank credit.

Nationalised banks as a group contributed 54.6 per cent of the aggregate deposits while the State Bank of India and its Associates accounted for another 25.3 per cent. The shares of other bank groups were 7.3 per cent for Foreign Banks, 9.4 per cent for Other Scheduled Commercial Banks and 3.5 per cent for Regional Rural Banks. As regards Gross Bank Credit, Nationalised Banks accounted for a share of 47.7 per cent of the total Bank Credit, while State Bank of India and its Associates claimed a share of 29.9 per cent. Other Scheduled Commercial Banks,Foreign Banks and Regional Rural Banks followed with shares of 9.9 per cent, 9.4 per cent and 3.1 per cent, respectively.

Among the States, the growth rate of deposits was highest in Orissa (26.7 per cent), followed by Delhi ( 26.2 per cent), Tripura & Meghalaya (24.3 per cent each) and Jammu & Kashmir ( 22.4 per cent).The growth rate of Bank Credit was highest in Delhi ( 31.3 per cent), followed by Arunachal Pradesh ( 26.5 per cent), Sikkim ( 24.5 per cent),Rajasthan ( 20.1 per cent) and Meghalaya ( 18.6 per cent). Six states namely Maharashtra, Delhi, Uttar Pradesh, West Bengal, Tamil Nadu and Gujarat together accounted for a total share of 60.7 per cent in Aggregate Deposits. Similary, the six states namely Maharashtra, Delhi,Tamil Nadu, Andhra Pradesh, Karnataka and West Bengal together accounted for a total share of 69.1 per cent in Gross Bank Credit. Maharashtra alone contributed 20.3 per cent of total deposits and 25.2 per cent of total credit.

The All-India Credit-Deposit(C-D) ratio as on last Friday of December 1997 worked out to 55.5 per cent. This ratio was relatively high for State Bank of India and its Associates ( 65.7 per cent). The C-D ratios were much lower for Regional Rural Banks at 49.0 per cent and Nationalised Banks at 48.5 per cent. Population group-wise, Metropolitan centres had the highest C-D ratio of 74.5 per cent followed by Rural centres ( 43.5 per cent), Urban centres ( 42.6 per cent) and Semi-Urban centres ( 36.5 per cent).

(Alpana Killawala)
General Manager

Press Release : 1997-98/949