Nationalised banks account for 53.4% of total deposits

Our Banking Bureau

Mumbai, Oct 8: Nationalised banks accounted for 53.4 per cent of the total aggregate deposits in the banking industry with the State Bank of India (SBI) and its associates accounting for 24.8 per cent.

The Reserve Bank of India (RBI) on Monday released the statistics, which provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of June 2001.

For other scheduled commercial banks (SCBs), the share in aggregate deposits stood at 12.4 per cent. Foreign banks and regional rural banks (RRBs) accounted for 5.4 per cent and 3.9 per cent respectively. The primary data have been collected from all scheduled commercial banks.

As regards gross bank credit, nationalised banks accounted for a share of 47.5 per cent of the total bank credit. SBI and its associates had a share of 29.8 per cent.

Other SCBs, foreign banks and regional rural banks had relative shares to the extent of 11.6 per cent, 8.1 per cent and 2.9 per cent respectively.

The credit-deposit (C-D) ratio of all scheduled commercial banks worked out to be 56.5 per cent. The ratios are above the average level in respect of foreign banks with 84.7 per cent and State Bank of India with its associates with 67.9 per cent. The ratio are on the lower side for other scheduled commercial banks with 52.9 per cent and nationalised banks with 50.3 per cent.