Deposit growth of commercial banks slackened in September 2010: RBI

15 Feb 2011

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Aggregate deposits of top hundred commercial banks in the country increased by 13.7 per cent in September 2010 over September 2009, compared to a growth of 18.6 per cent recorded a year ago, RBI data showed.
 
Annual growth rate of gross bank credit of top hundred centres, at 19.7 per cent in September 2010, however, was higher than the 10.5 per cent growth recorded in September 2009.

The top 200 centres in terms of aggregate deposits covered 32.4 per cent of reporting offices and 73.8 per cent of aggregate deposits. The top 200 centres in terms of gross bank credit accounted for 81.4 per cent of gross bank credit and 31.8 per cent of reporting offices, RBI said.

Nationalised banks, as a group, accounted for 51.2 per cent of the aggregate deposits. State Bank of India and its associates accounted for 22.5 per cent.

The shares of private sector banks (both new and old), foreign banks and regional rural banks in aggregate deposits were 13.5 per cent, 4.5 per cent, 5.2 per cent and 3.1 per cent, respectively.

Nationalised banks accounted for 50.9 per cent of the total bank credit, followed by State Bank of India and its associates with 23.1 per cent and new private sector banks with 13.7 per cent shares. Foreign banks, old private sector banks and regional rural banks had relatively lower shares in the total bank credit at 5.2 per cent, 4.5 per cent and 2.5 per cent, respectively, RBI said.

The credit-deposit (C-D) ratio of all scheduled commercial banks (SCBs) as of 24 September 2010 stood at 73.6 per cent.

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