The aggregate deposits of commercial banks in Karnataka increased by 14.44 per cent to Rs. 4,10,233 crore in the first six months of the current fiscal ending September 2012 compared with the corresponding period last year. In the first six months of last fiscal, the banks had mobilised deposits worth Rs. 3,58,474 crore.
The total outstanding credit of banks stood at Rs. 3,04,940 crore as at September 2012, compared with Rs. 2,66,315 crore in September, 2011, recording a growth of 14.50 per cent.
The credit-deposit (CD) ratio stood at 74.33 per cent as against 74.29 per cent in the previous year, recording an increase of only 0.04 per cent.
As of September 2012, the total numbers of bank branches in the State stood at 8,060, of which 2,959 are located in rural areas, 1,873 in semi-urban, 1,689 in urban and 1,539 in metros.
The outstanding level of priority sector credit as on September 30, 2012 was Rs. 1,22,253 crore as against Rs. 1,12,346 crore last year showing a growth of 8.82 per cent. The percentage of priority sector advances of banks works out to 40.09 per cent, thereby marginally surpassing benchmark level of 40 per cent stipulated by the Reserve Bank of India (RBI), he said.
Agricultural advances stood at Rs. 59,088 crore as on September 30, 2012 against Rs. 49,233 crore in the corresponding period last year, a growth of 20.02 per cent. The percentage share of agriculture advances to total credit stood at 19.38 per cent.
