Banks' outstanding loans grow 21.8 % to Rs40,75,647 crore in FY'11

Gross outstanding credit of scheduled commercial banks in the country rose to Rs40,75,647 crore at the end of March 2011, an increase of 21.8 per cent against an increase of 17.5 per cent in the previous year.

Aggregate deposits with scheduled commercial banks amounted to Rs53,89,551.3 crore - a growth of 18.2 per cent in 2011 against 16.3 per cent a year ago, data released by the Reserve Bank of India (RBI) showed.

The number of borrowal accounts increased by 1.8 per cent to 121 million in 2011, from 119 million in 2010.

The number of deposit accounts in 2011 increased by 10.2 per cent to 810 million, from 735 million in March 2010.

Small borrowal accounts (with credit limit up to Rs2,00,000 each) comprising 84.6 per cent of total number of accounts (86.5 per cent in 2010) had a share of 9.5 per cent in outstanding credit (10.8 per cent in 2010).

The distribution of outstanding credit according to interest rate ranges for accounts each with credit limit of over Rs2,00,000 indicates that the proportion of outstanding amount was the highest at 28.3 per cent in the interest rate range of 10–12 per cent, followed closely by interest rate range of 6–10 per cent with a share of 26.1 per cent.