Also the total sanctions of the institutions have expanded by 15.6 per cent, amounting to Rs 72,025 crore during the period. The IDBI report on Development Banking in India, 1998-99, has estimated that the sanctions and disbursements of FIs had gone up by 17.9 per cent and 7.1 per cent respectively during 1998-99.

In absolute terms, the sanctions and disbursements of all the financial institutions for 1998-99 are pegged at Rs 91,043 crore and Rs 57,481 crore respectively.

The cumulative sanctions and disbursements by FIs up to March-end 1999, aggregates to Rs 5,20,653 crore and Rs 3,62,711 crore respectively.

According to the report, the bulk of the FIs' sanctions was claimed by the private sector (77.3 per cent), followed by public sector (19.6 per cent), joint sector (2.7 per cent) and co-operative sector (0.4 percent) during 1998-99.

The infrastructure sector, which comprises electricity generation, telecommunications, roads, ports, bridges, accounted for the largest share (28.9 per cent) in sanctions by FIs during 1998-99. More than two-thirds of the sanctions to infrastructure sector was accounted for by electricity generation (70.8 per cent) while telecommunications (16.5 per cent) and roads, ports, bridges (12.7 percent) formed the balance. The other industries which had a substantial share in the sanctions were services (11.5 per cent), refineries and oil exploration (nine percent), chemicals and chemical products (seven per cent), basic metals (6.4 per cent), textiles (6.2 per cent) and electrical and electronic equipment (4.1 percent).

Among the states, the report has said that the highest share in sanctions has been claimed by Maharashtra (28.7 per cent), followed by Gujarat (11.9 per cent), Tamil Nadu (11 per cent), Andhra Pradesh (7 per cent) , Delhi (6.4 per cent), Karnataka (6.3 per cent ), Uttar Pradesh (4.6 per cent) and West Bengal (4.2 per cent).

The sanctions made by All India Development Banks (AIDBs), comprising of Industrial Development Bank of India (IDBI), ICICI Ltd, Industrial Finance Corporation of India(IFCI), Small Industries Development Bank of India (SIDBI), and Industrial Investment Bank of India (IIBI), increased by 20.5 per cent to Rs 79,483 crore during 1998-99.

The investment institutions including Life Insurance Corporation (LIC), Unit Trust Of India (UTI), General Insuarnce Corporation (GIC) have recorded a growth of 8.9 per cent in sanctions to Rs 10,151 crore during the period.

However, the State financial Institutions (SFIs) and state-level institutions (comprising of State Financial Corporations and State Industrial Development Corporations) recorded a decline of 32 percent and 21.7 per cent respectively in their sanctions during the period.

The major portion of the sanctions (87.3 percent) was accounted for by AIDBs (including resource support to other FIs), while investment intitutions constituted 11.1 per cent. The state financial corporations(SFCs) and SIDCs togethert accounted for 3.8 per cent and SFIs had share of 0.3 per cent.