: The year 2015 witnessed hectic activity in the banking sector in the State with a majority of banks looking for a share in the cake. Chairmen and Managing Directors of different banks descended on the State, more particularly Vijayawada, to announce new branches and business plans.
The banks, more particularly public sector banks (PSBs), expanded their business operations and launched new zonal and regional offices in the State. The rural branches rose to 2,603 (as on September 30) compared to 2,354 in corresponding period last year.
As many as 139 new branches were added to the banking network in the State. Of this, 52 were in urban and 10 in metro areas. Remaining new branches were in rural areas. The banks fared well with regards to deposit mobilisation compared to previous year, the non-performing Assets (NPAs) have also increased.
The banks have opened as many as 71,31,425 accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) with deposits of more than Rs. 626 crore. Of these, 40,97,123 accounts were opened in rural areas providing ‘universal access to banking facilities’ starting with the basic savings bank account.
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) were another three schemes that accelerated banking activity in the State. The banks registered 60,84,632 enrolments under PNSBY, 14,00,862 under PMJJBY, and 42,353 under APY.
The deposits and advances were Rs. 2,05,815 crore and Rs. 2,15,797 crore respectively. The credit deposit ratio stood at 07.04 per cent, which was over and above Reserve Bank of India (RBI) norm of 60 per cent.
The banks could also achieve 7237 per cent of priority sector advances. Of this, 42.36 per cent was agricultural advances. Again, it is above the RBI norm of 18 per cent for agriculture sector.
The banks registered Rs. 14,808 crore Non-Performing Assets (NPAs), while the outstanding loans are Rs. 2,56,285 crore.
The NPAs relating to agriculture sector stood at Rs. 5454 crore, while MSME sector was Rs. 2477 crore. Other priority sector NPAs were Rs. 1001 crore. Similarly, the NPAs of non-priority sector was Rs. 4294 crore.
The outstanding amount of farm credit given to 1.04 crore accounts is Rs.88,277 crore in the State. Of this, 30.22 lakh accounts were overdue and the total balance over due in these accounts is Rs. 23,480 crore.
As many as 7,98,590 accounts turned into NPAs, which amounts to Rs. 5307 crore. The total outstanding agricultural advances, including agriculture infrastructure, ancillary activities, is Rs. 91,415 crore. And, the total NPAs of agricultural advances are Rs. 5454 crore.
Likewise, the outstanding amount in MSME sector is Rs. 38,034 crore while the NPAs are 2477 crore.
The outstanding loans given to Self-Help Groups (SHGs) is Rs. 14,695 crore, the NPAs are Rs.828 crore. The banks gave loans to 8,01,429 SHG accounts, and of this, 62,773 are found to be NPA accounts. The NPAs of SHGs was Rs.880 crore in corresponding period last year.
The NPAs relating to education loans was Rs. 203 crore last year, and it touched Rs. 204 crore.
The outstanding housing loans were Rs. 17,986 crore. Of this, Rs. 550 crore turned into NPAs. The outstanding housing lonas were Rs. 15,572 crore last year and the NPAs were Rs. 468 crore.
Deposit mobilisation registered an increase, but on the flip side, NPAs shot up