Mumbai: The credit-deposit (C-D) ratio of scheduled commercial banks have gone up to 75 per cent in March this year from 72.5 per cent a year ago, on the back of increased credit utilisation by corporates and individual consumers.

"Among the states/union territories, the highest C-D ratio was observed in Tamil Nadu (112.3 per cent) followed by Maharashtra (98 per cent)," RBI said in its quarterly statistics on deposits and credits of scheduled commercial banks.

Foreign banks operating in the country had an even higher C-D ratio at 87.5 per cent, followed by State Bank of India and its associates at 78.2 per cent. For other commercial banks the C-D ratio was 74.1 per cent while for nationalised banks it was 73.5 per cent. Regional rural banks (RRBs) had a lower C-D ratio of 58.7 per cent.

Population group-wise, metropolitan centres had the highest C-D ratio at 88.7 per cent, followed by rural centres at 60 per cent and urban centres at 59.5 per cent. Semi-urban centres recorded the lowest ratio at 53.2 per cent, the RBI statement said.

Bank credit during fiscal 2006-07 went up by 28.5 per cent while the deposits increased by only 24.2 per cent.