BUSINESS

Nationalised banks account for 52 p.c. of total deposits

MUMBAI JULY 3. Nationalised banks as a group accounted for 52.4 per cent of aggregate deposits while State Bank of India and its associates accounted for 24.8 per cent as on March 31, 2002.

Other scheduled commercial banks (SCBs) accounted for 13.7 per cent, foreign banks 5.1 per cent and regional rural banks (RRBs) four per cent, according to Reserve Bank of India's "banking statistics — quarter ending March, 2002".

As regards gross bank credit, nationalised banks accounted for a share of 45.5 per cent of the total bank credit, while SBI and associates 27 per cent, an RBI release said here today.

Other SCBs, foreign and RRBs had relative shares in the total gross bank credit to the extent of 17.5 per cent, 7.3 per cent and 2.7 per cent respectively.

Manipur (44.3 per cent), Lakshwadeep (32.1 per cent), Sikkim (31 per cent), Chhattisgarh (28.8 per cent), Mizoram (27.8 per cent) and Uttaranchal (25.1 per cent) are the states where the annual (point to point) growth rate of deposits was the highest, the release added.

The annual growth rate of bank credit was the highest in Dadra & Nagar Haveli (60 per cent), followed by Chhattisgarh (33.8 per cent) and Meghalaya (29.7 per cent), it added.

— PTI

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