October 09, 2004

"Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks - June 2004" provides data on aggregate deposits and gross bank credit of scheduled commercial banks as on last Friday of June 2004. The data are based on Basic Statistical Return-7, received from the branches of all scheduled commercial banks (including RRBs).

The top hundred centres arranged according to the size of deposits accounted for 64.0 per cent of the total deposits and the top hundred centres arranged according to the size of bank credit accounted for 75.5 per cent of total bank credit. Aggregate deposits of top 100 centres grew at 22.4 per cent in June 2004 over June 2003 compared to 14.4 per cent a year ago. Annual growth rate of bank credit of top 100 centres was higher at 19.8 per cent in June 2004 over June 2003 compared to 10.3 per cent growth recorded a year ago (Statement 2). The number of banked centres served by scheduled commercial banks stood at 34,966. Of these centres, 29,619 were single office centres and 38 centres had 100 or more bank offices (Statement 3).

Nationalised Banks as a group accounted for 50.2 per cent of the aggregate deposits, while State Bank of India and its Associates accounted for 24.5 per cent. The shares of Other Scheduled Commercial Banks, Foreign Banks and Regional Rural Banks in aggregate deposits were 16.9 per cent, 4.7 per cent and 3.6 per cent, respectively. As regards gross bank credit, Nationalised Banks accounted for 46.2 per cent of the total bank credit, while State Bank of India and its Associates registered a share of 23.8 per cent. Other Scheduled Commercial Banks, Foreign Banks and Regional Rural Banks had relatively lower shares in the total gross bank credit at 19.7 per cent, 7.3 per cent and 2.9 per cent, respectively (Statements 4-9).

The credit-deposit (C-D) ratio of all scheduled commercial banks, at all-India level, as on last Friday of June 2004 stood at 58.0 per cent. Among the States/Union Territories, the highest C-D ratio was observed in Chandigarh (102.4 per cent), followed by Tamil Nadu (89.8 per cent) and Maharashtra (79.9 per cent). At the bank group level, the C-D ratio was above the all-India ratio in respect of Foreign Banks (88.9 per cent) and Other Scheduled Commercial Banks (67.6 per cent), and was lower for State Bank of India and its Associates (56.4 per cent), Nationalised Banks (53.4 per cent) and Regional Rural Banks (47.4 per cent). As regards population group-wise C-D ratio of all scheduled commercial banks, metropolitan centres had the highest C-D ratio at 74.1 per cent, followed by urban centres (46.1 per cent), rural centres (44.6 per cent) and semi-urban centres (37.9 per cent).

The distribution of scheduled commercial bank offices by size of deposits indicated that the offices with deposits of Rs.10 crore or more, accounted for 44.9 per cent of the bank offices and recorded a share of 89.9 per cent in total bank deposits and 87.1 per cent in total bank credit (Statement 11). The offices, which recorded a credit of Rs.10 crore or more, accounted for 16.1 per cent of total number of offices. These offices together accounted for 80.2 per cent of total bank credit whereas their share in total deposits was 54.0 per cent (Statement 12). The publication is also available on RBI website /en/web/rbi

P. V. Sadanandan
Manager

Press Release: 2004-2005/394