Dun & Bradstreet, international research body in its study on ?India?s Top Banks 2008? released on Tuesday pointed out that a group of new private sector banks dominated the banking industry in terms of growth with an average y-o-y growth in assets at 38.7% for deposits at 38.8%, advances at 39.9% and operating profit at 46.7%.
The group of old private sector banks showed relatively lower growth in business. The annual growth rate for this group for FY07 stood at 7.1% in assets, 6% in deposits and 12% in advances. However, this group fared better in net profit, which grew by 30%. All bank groups reported a capital adequacy ratio of more than 12%.
The ratio of the standard assets was the highest in the case of foreign bank and new private sector banks at 98.1% each, followed by 97.3% in public sector banks and 96.9% in old private sector banks.
The ratio of net NPAs to total assets was 0.6% in public sector and old private sector banks, 0.5% in new private sector banks and 0.3% in foreign banks.
The public sector banks accounted for 74% of the total deposits, 73% of total advances and 64% of the aggregate net profits, amongst the scheduled commercial bank. The share of the new private sector banks in these three areas was in the range of 15-17%. Cash deposit ratio of these bank groups was between 67-84%.
There has been a sizeable increase in the banking infrastructure. Taking into account all banks in India, there are, in totality 56,640 branches or offices, 893,356 employees and 27,088 ATMs. Public sector banks accounted for a large part of the infrastructure, with 87.7% of all offices, 82% of staff and 60.3% of all ATMs.