1. Introduction

This article presents an analysis of survey results of data collected through the annual sample survey conducted by the Reserve Bank of India on the composition and ownership pattern of bank deposits with scheduled commercial banks as on 31^st March 1999. The results of previous surveys have been published in the various issues of the Reserve Bank of India Bulletin.*

The survey schedules designed to capture branch level ownership of deposits, classified according to broad economic sectors and sub-sectors for each types of deposits including the inter-bank deposits. About 6000 sample branches have been selected for the purpose, as per the following sampling design.

Out of the total 63,937 bank branches, the top 2000 branches in terms of deposits were selected with certainty. These branches have deposits of Rs.41.56 crore or more each and cover 34.7 per cent of total bank deposits. In order to ensure proper representation in the sample, all the branches of some of the union territories such as Dadra and Nagar Haveli and Lakshadweep were also selected with certainty.

Accordingly, the total number of branches selected with certainty was 2018. Out of the remaining branches, 3982 branches were selected using circular systematic sampling after arranging the branches in the descending order of their deposits. The filled-in schedules were received from 5459 branches pegging the response rate at 91.0 percent. Using the estimation procedure associated with the sampling design, the estimates of different classificatory characteristics have been built and presented in this article.

2. Ownership Pattern of Bank Deposits

The total outstanding deposits of the scheduled commercial banks have increased from Rs.6,04,811 crore in 1998 to Rs.7,37,003 crore in 1999 as on the reference dates of the Surveys . All the Surveys upto 1998 were conducted as on the last Friday of March. The reference date for 1999 Survey was as on 31st March 1999. The composition and ownership pattern of deposits exhibit a steady decline in the share of ‘Household Sector’ during the period March 1995 to March 1999. The share of ‘Household Sector’ gradually declined from 69.2 per cent in 1995 to 66.6 per cent in 1998 which further declined to 65.3 in 1999. The shares of the Government Sector, Private Corporate Sector, Financial Sector and Foreign Sector for the last five surveys were found to be in the range of 8.6 to 10.2 per cent, 3.6 to 4.2 per cent, 6.1 to 8.8 per cent and 10.7 to 12.4 per cent respectively, none revealing any definite trend. However, in comparison to March 1998 survey, the share of Government Sector in March 1999 survey has increased from 9.9 per cent to 10.2 per cent. Similarly, the share of ‘Financial Sector’ has increased from 7.4 per cent in March 1998 to 8.8 per cent in March 1999. There was no change in the share of Private Corporate Sector (non-financial) as compared to the previous year. It continued to remain stationary at 4.1 per cent. The share of Foreign Sector, however, after having attained a share of 12.4 per cent of total deposits in 1997 had declined to 12.0 per cent in 1998 and thereafter, declined further to 11.5 per cent in 1999 ( Chart 1 ).

Detailed analysis of bank deposits by type and economic sectors as on the reference date has been presented in Statement 1. The percentage share according to type of account i.e. Current, Savings and Term deposits at the aggregate level did not undergo any significant change as on the reference dates of the surveys in March 1998 and March 1999 ( Chart 2 ).

The Sector-wise analysis of share in current account deposits indicate that the ownership of Household Sector was 46.3 per cent followed by 19.6 per cent for Government Sector, 19.3 per cent for the Financial Sector, 12.7 per cent for the Private Corporate Sector (non - financial) and 2.1 per cent for the Foreign Sector in the year 1999. The corresponding figures for the March 1998 survey were Household Sector 46.6 per cent, Government Sector 17.5 per cent , Financial Sector 19.4 per cent, Private Corporate Sector (non - financial) 13.7 per cent and Foreign Sector 2.8 per cent. Similar analysis of ownership of savings bank account deposits indicate that 85.4 per cent of the outstanding savings account deposits as on the reference date of the March 1999 survey was held by the ‘Household Sector’ as against 84.8 per cent for the year 1998. The corresponding shares of savings bank account deposits as on the reference date of the March 1999 survey for Government Sector, Foreign Sector, Financial Sector and Private Corporate Sector (non-financial) were 7.4 per cent, 5.4 per cent, 1.6 per cent and 0.2 per cent respectively. Analysis of the sector-wise share of term deposits as on the reference date of March 1999 survey indicate 62.1 per cent of the outstanding term deposit was held by the ‘Household sector’ as compared to 64.3 per cent in the year 1998. The share of Foreign Sector in the total outstanding term deposits has come down from 16.4 per cent in 1998 to 15.7 per cent in 1999 (Chart 3 ).

3. Ownership Pattern of Deposits according to Population Groups

A two-way classification of estimated ownership of bank deposits of the economic sectors for the bank branches located in Rural, Semi-urban, Urban and Metropolitan areas have been presented in the Statement 2. In all the population groups, the share of deposits in the ‘Household Sector’ was highest among all the economic sectors. The share of household sector in Rural areas was 81.3 per cent, followed by 73.4 per cent in Semi-urban areas, 71.2 per cent in urban areas and 52.5 per cent in Metropolitan areas. The ‘Individuals’ (including Hindu Undivided Families) which is a constituent of ‘Household Sector’ held the highest share of bank deposits in all the population groups. A further analysis of individuals in the ‘Household Sector’ reveals that ‘Farmers’ held a share of 37.2 per cent of bank deposits mobilised from the rural areas which was highest in relation to the corresponding shares of ‘Farmers’ in other population groups. Their respective share in the Semi-urban, Urban and Metropolitan branches were 17.7, 4.6 and 0.7 respectively. Similarly, the shares of Businessmen, Traders, Professionals and Self-employed persons were 11.1 per cent, 12.4 per cent, 15.2 per cent and 10.8 per cent respectively in the Rural, Semi-urban, Urban and Metropolitan areas. The share of wage and salary earners amongst the category of ‘Individuals’ in the ‘Household Sector’ was highest in the urban branches (18.6 per cent) as compared to the branches classified in other population groups. The ownership of deposits of Trusts, Association and Clubs found to be highest in the Metropolitan Areas as compared to the other population groups. The ownership of bank deposits of proprietary and partnership concerns was highest in Metropolitan Centres (5.2 per cent), followed by urban (4.7 per cent), semi-urban (2.7 per cent) and rural (1.0 per cent) centres.

The share of Government Sector in the deposits of the rural bank branches was 4.5 per cent, of which the share of Central and State Governments taken together was 2.0 per cent followed by Local Authorities (1.2 per cent ), Public Sector Companies (0.9 per cent) and Quasi - Government bodies (0.4 per cent ). The share of bank deposits from the Government Sector in the Semi-urban branches was 6.8 per cent, of which share of Central and State Governments together was 2.4 per cent followed by Local Authorities and Quasi-Government bodies by 1.5 per cent. In the deposits of urban branches, the share of deposits of Government Sector was 10.5 per cent, of which 3.6 per cent was received from State Governments followed by Public Sector Corporations and Companies (2.5 per cent), Quasi-Government bodies (2.3 per cent) and local authorities (1.6 per cent). In the case of metropolitan branches, the ownership of deposits of Government Sector was 13.9 per cent of which contribution of Public Sector Corporations and companies was highest at 5.2 per cent, followed by Central and State Governments (3.4 per cent), Quasi-Government bodies (3.4 per cent), local authorities (2.0 per cent).

The share of deposits of Private Corporate Sector (Non-Financial) in the Metropolitan branches was at 8.2 per cent of the total deposits of these branches. Similar deposits for the branches of other population groups were 2.0 per cent or below. The population group-wise share of financial sector varied between 7.6 per cent and 11.7 per cent, of which, banks in general and Indian Commercial banks in particular had the major share in all the population groups. The shares of deposits in respect of ‘Foreign Sector’ was in the range of 6.4 per cent in the Rural areas to 13.8 per cent in Metropolitan areas. In aggregate terms, the shares of the bank branches located in the rural, Semi-urban, Urban and Metropolitan branches in the total deposits of Rs.7,37,003 crores were 15.8, 20.0, 22.0 and 42.2 per cent, respectively. The corresponding figures for the previous year were 13.1, 20.4, 22.4 and 44.2 per cent, respectively. (Chart 4).

Therefore, share of deposits of rural branches reduced by 2.7 per cent and the corresponding share of metropolitan branches increased by 2.0 per cent. An analysis of type of deposits reveals that the branches of metropolitan centres contributed 55.7 per cent of the total outstanding current account deposits followed by the branches of the Urban centres (23.8 per cent). The corresponding share of branches of Semi-urban and Rural centres were 14.5 and 6.0 per cent, respectively. In the case of savings account deposits, the share of metropolitan centres was 32.0 per cent followed by the branches of Urban centres 23.4 per cent. Corresponding shares of the branches of Semi-urban centres and Rural centres were 23.1 per cent and 21.5 per cent respectively. The major share of outstanding term deposits was contributed by the Metropolitan branches (43.1 per cent) followed by Urban branches (21.1 per cent), Semi-urban branches (20.0 per cent) and Rural branches (15.8 per cent) ( Chart 5 ). The population group-wise composition of deposits of scheduled commercial banks have been presented in ( Chart 6 ) .

4. Ownership Pattern of Deposits in States and Union Territories

The ownership pattern of deposits classified according to states/union territories have been presented in Statement 3. The bank deposits have been primarily mobilised from the ‘Household Sector’ in all the states and union territories. Pre-dominance of ‘Household Sector’ can be adjudged from the fact that for six states & union territories, the contribution from this sector was above 80 per cent of total deposits mobilised. There were 29 states and union territories in which more than 50 per cent of deposits were mobilised from the ‘Household Sector’. Amongst the states and union territories highest contribution of the ‘Household Sector’ was in the state of Arunachal Pradesh (89.2 per cent) where as the lowest share found to be in the union territory of Andaman and Nicobar Islands (29.4 per cent).

The share of Government Sector in the total deposits mobilised in a state was below 10 per cent in the majority of the states. However, there were some states and union territories where this sector had significant contribution in the total deposits mobilised such as Andaman and Nicobar Islands (52.8 per cent), Mizoram (40.1 per cent), Nagaland (31.8 per cent) etc.

The contribution of foreign sector in the deposit mobilisation was below 5 per cent in most of the states. However, there were states in which a significant share of the total deposit were mobilised from the ‘Foreign Sector’. In the state of Kerala, the contribution of foreign sector was 44.8 per cent followed by Goa (27.8 per cent), Gujarat (21.4 per cent) and Maharashtra (18.6 per cent). In this regard, however, the share of ‘Financial Sector’ and ‘Private Corporate Sector (non-financial)’ was not very significant in most of the states.

5. Ownership Pattern of Deposits in Metropolitan Centres

The ownership pattern of deposits of the four major metropolitan centres have been presented in Statement 4. Among the metropolitan centres,the share of ‘Household Sector’ in total deposits was highest in Calcutta (65.7 per cent) and the lowest in Mumbai (40.8 per cent). As regards Foreign Sector’, Mumbai accounted for the highest share of 22.4 per cent, followed by Chennai (14.6 per cent). Among the different metropolitan centres, the highest share of ‘Government Sector’ deposits was recorded in Delhi (23.8 per cent) followed by Chennai (11.1 per cent). The share of ‘Private Corporate Sector (non-financial)’ was the highest in Chennai (11.7 per cent). The subcategory ‘Other Financial Institutions’ of ‘Financial Sector’ had the highest share of deposits in Mumbai (5.9 per cent).

6. Ownership Pattern of Deposits according to Bank Groups

The bank-group-wise composition of deposits is presented in Statement 5. Of the total deposits of Rs.7,37,003 crore as on the 31st March 1999, Nationalised Banks accounted for the largest share of 53.3 per cent followed by State Bank of India and its Associates (25.9 per cent), other Indian Scheduled Commercial Banks (10.6 per cent), Foreign Banks (6.5 per cent) and Regional Rural Banks (3.7 per cent). The Bank group-wise composition of ownership of total deposits, however, did not change significantly as compared to the previous year (Chart 7 ).

The Composition of deposits of the bank groups according to type of deposits exhibit considerable variability . The State Bank of India and its Associates had 58.0 per cent of their deposits coming from term deposits. The corresponding figures for Nationalised Banks, Regional Rural Banks, Other Scheduled Commercial Banks, Foreign Banks were 62.8, 53.5, 78.3, 72.8 per cent respectively. The Regional Rural Banks mobilised 41.2 per cent of their total deposits from savings bank accounts. The contribution of savings bank account deposits in the total deposits in case of State Bank of India and Nationalised Banks were 25.1 and 25.2 per cent respectively. The corresponding figures for Other Scheduled Commercial Banks and Foreign Banks were relatively low at 9.8 and 8.5 per cent respectively.

The outstanding deposits in current accounts was the highest in the case of Foreign Banks (18.6 per cent) followed by State Bank of India (16.9 per cent), Nationalised Banks (12.1 per cent), Other Scheduled Commercial Banks (11.8 per cent) and Regional Rural Banks (5.3 per cent).

7. Ownership Pattern of Deposits -Economic Sector and Bank Groups

The ownership pattern of deposits according to economic sectors and bank groups have been presented in Statement 6. ‘Individuals’ accounted for the highest share of the total deposits in all the bank groups other than Foreign Banks. The share of "Individuals" in the total deposits was 52.8 per cent for State Bank of India and its Associates. 59.4 per cent for Nationalised Banks, 82.7 percent for Regional Rural Banks, 42.1 per cent for Other Indian Scheduled Commercial Banks and 28.6 per cent for Foreign Banks. The share of NonResident deposits was the highest in case of Foreign Banks (30.2 per cent) followed by State Bank and its Associates (10.7 per cent), Nationalised Banks (9.3 per cent) and Other Indian Scheduled Commercial Banks (7.9 per cent).

Among all the bank groups the percentage share of ‘Government Sector’ was the highest in respect of deposits held by State Bank of India and its Associates (12.2 per cent) followed by Regional Rural Banks (12.0 per cent), Other Indian Scheduled Commercial Banks (10.6 per cent) and Nationalised Banks (10.3 per cent) and Foreign Banks (0.4 per cent). In the case of State Bank of India and its Associates, 29.2 per cent of the total deposits from ‘Government Sector’ was mobilised from ‘Public Sector Corporations and Companies’ and 32.3 per cent from ‘Central & State Governments’. Such deposits of Regional Rural Banks were largely contributed by ‘State Governments’ (61.7 per cent). Out of the total of Rs.23,158 crore deposited by ‘Public Sector Corporations and Companies’ with all Scheduled Commercial Banks, major shares were held by Nationalised Banks (51.7 per cent) and State Bank of India and its Associates (29.3 per cent).

The bank group-wise share of the total deposits mobilised from the ‘Private Corporate Sector (non-financial)’ was highest in case of Foreign Banks (32.5 per cent). The corresponding shares of Nationalised Banks, State Bank of India and its Associates and Other Indian Scheduled Commercial Banks were 28.5, 20.6 and 18.2 per cent respectively.

The contribution of deposits from financial sector in the total deposits of the individual bank groups was highest in the case of Other Scheduled Commercial Banks (19.9 per cent), followed by State Bank of India (10.8 per cent), Foreign Banks (9.5 per cent), Nationalised Banks (6.1 per cent) and Regional Rural Banks (1.6 per cent). The share of other financial institutions individually and collectively was not very significant for any of the bank groups. However, it is observed that Other Scheduled

Commercial Banks have mobilised about 7.7 per cent of their total deposits from the co-operative banks and credit societies which is distinctly higher as compared to that of the other groups.

---

* Prepared in the Banking Statistics Division of the Department of Statistical Analysis and Computer Services. The previous article on Composition and Ownership pattern of bank deposits - March 1998 was published in June 1999 issue of the Reserve Bank of India Bulletin.

Statement 1 : Ownership of Bank Deposits By Type and Economic Sector, March 1998 and 1999
													(Rupees lakh)
			CURRENT		SAVINGS		TERM		TOTAL		VARIATIONS
SECTOR OF THE ECONOMY
			1998	1999	1998	1999	1998	1999	1998	1999	CURRENT	SAVINGS	TERM	TOTAL
		1	2	3	4	5	6	7	8	9	10	11	12	13
I.	Government Sector		14,43,043	19,44,441	11,55,558	12,50,365	34,14,601	43,54,103	60,13,201	75,48,909	5,26,656	56,876	9,30,274	15,13,807
			(17.5)	(19.6)	(8.4)	(7.4)	(8.9)	(9.3)	(9.9)	(10.2)	(29.8)	(2.2)	(12.6)	(12.8)
1.	Central & State Governments		4,79,401	6,51,253	4,88,651	5,38,916	8,66,146	11,15,903	18,34,198	23,06,073	2,10,071	11,731	2,25,874	4,47,676
			(5.8)	(6.6)	(3.5)	(3.2)	(2.3)	(2.4)	(3.0)	(3.1)	(11.9)	(0.4)	(3.1)	(3.8)
	i)	Central Government	2,06,687	2,52,765	31,391	38,961	4,16,899	5,05,205	6,54,976	7,96,930	70,744	8,321	59,650	1,38,716
			(2.5)	(2.5)	(0.2)	(0.2)	(1.1)	(1.1)	(1.1)	(1.1)	(4.0)	(0.3)	(0.8)	(1.2)
	ii)	State Governments	2,72,714	3,98,489	4,57,260	4,99,956	4,49,247	6,10,698	11,79,222	15,09,142	1,39,327	3,410	1,66,224	3,08,960
			(3.3)	(4.0)	(3.3)	(2.9)	(1.2)	(1.3)	(1.9)	(2.0)	(7.9)	(0.1)	(2.2)	(2.6)
2.	Local Authorities		1,13,667	1,78,391	2,57,407	3,25,278	6,24,066	7,19,700	9,95,141	12,23,369	63,261	66,186	1,05,096	2,34,542
			(1.4)	(1.8)	(1.9)	(1.9)	(1.6)	(1.5)	(1.6)	(1.7)	(3.6)	(2.5)	(1.4)	(2.0)
3.	Quasi-Government Bodies		3,87,862	4,78,052	1,70,249	1,91,605	9,73,583	10,33,977	15,31,694	17,03,634	97,661	34,616	1,14,274	2,46,550
			(4.7)	(4.8)	(1.2)	(1.1)	(2.5)	(2.2)	(2.5)	(2.3)	(5.5)	(1.3)	(1.5)	(2.1)
	Of which: State Electricity Boards		1,49,694	2,16,685	2,822	726	1,06,015	1,48,059	2,58,531	3,65,470	65,311	-2,341	38,141	1,01,111
			(1.8)	(2.2)	-	-	(0.3)	(0.3)	(0.4)	(0.5)	(3.7)	(0.1)	(0.5)	(0.9)
4.	Public Sector Corporations		4,62,113	6,36,745	2,39,250	1,94,566	9,50,806	14,84,523	16,52,168	23,15,834	1,55,664	-55,657	4,85,031	5,85,038
	and Companies		(5.6)	(6.4)	(1.7)	(1.1)	(2.5)	(3.2)	(2.7)	(3.1)	(8.8)	(2.1)	(6.6)	(5.0)
	i)	Non-Departmental Commercial	2,91,766	3,81,773	1,24,921	21,749	6,03,581	10,31,958	10,20,268	14,35,480	82,132	-1,11,070	3,97,307	3,68,369
		Undertakings	(3.5)	(3.8)	(0.9)	(0.1)	(1.6)	(2.2)	(1.7)	(1.9)	(4.6)	(4.2)	(5.4)	(3.1)
	ii)	Others	1,70,347	2,54,971	1,14,329	1,72,816	3,47,225	4,52,565	6,31,901	8,80,353	73,532	55,413	87,724	2,16,669
			(2.1)	(2.6)	(0.8)	(1.0)	(0.9)	(1.0)	(1.0)	(1.2)	(4.2)	(2.1)	(1.2)	(1.8)
II.	Private Corporate Sector		11,26,595	12,64,349	34,382	38,349	13,10,151	17,23,530	24,71,128	30,26,228	1,80,242	4,011	4,14,718	5,98,972
	(Non-Financial)		(13.7)	(12.7)	(0.2)	(0.2)	(3.4)	(3.7)	(4.1)	(4.1)	(10.2)	(0.2)	(5.6)	(5.1)
1.	Non-Financial Companies		10,97,121	11,90,740	15,719	19,765	12,53,872	15,73,714	23,66,713	27,84,218	1,38,084	2,686	3,09,980	4,50,750
			(13.3)	(12.0)	(0.1)	(0.1)	(3.3)	(3.4)	(3.9)	(3.8)	(7.8)	(0.1)	(4.2)	(3.8)
2.	Non-Credit Co-operative		29,474	73,610	18,663	18,584	56,279	1,49,816	1,04,415	2,42,009	42,158	1,326	1,04,738	1,48,222
	Institutions		(0.4)	(0.7)	(0.1)	(0.1)	(0.1)	(0.3)	(0.2)	(0.3)	(2.4)	(0.1)	(1.4)	(1.3)

STATEMENT 1 : OWNERSHIP OF BANK DEPOSITS BY TYPE AND ECONOMIC SECTOR, MARCH 1998 AND 1999 (Contd.)
													(Rupees lakh)
			CURRENT		SAVINGS		TERM		TOTAL		VARIATIONS
SECTOR OF THE ECONOMY
			1998	1999	1998	1999	1998	1999	1998	1999	CURRENT	SAVINGS	TERM	TOTAL
		1	2	3	4	5	6	7	8	9	10	11	12	13
III. Financial Sector			15,94,889	19,16,969	1,86,872	2,77,257	26,93,512	43,11,481	44,75,274	65,05,707	3,00,017	72,014	14,36,002	18,08,032
			(19.4)	(19.3)	(1.4)	(1.6)	(7.0)	(9.2)	(7.4)	(8.8)	(17.0)	(2.7)	(19.4)	(15.3)
1. Banks			7,84,121	9,37,880	49,902	1,38,556	16,66,752	32,58,714	25,00,775	43,35,150	70,945	83,717	14,28,647	15,83,309
			(9.5)	(9.4)	(0.4)	(0.8)	(4.3)	(7.0)	(4.1)	(5.9)	(4.0)	(3.2)	(19.3)	(13.4)
i)	Indian Commercial Banks		4,63,508	5,15,147	28,628	1,23,443	7,74,076	17,26,324	12,66,211	23,64,914	-2,020	90,018	8,47,622	9,35,620
			(5.6)	(5.2)	(0.2)	(0.7)	(2.0)	(3.7)	(2.1)	(3.2)	(0.1)	(3.4)	(11.5)	(7.9)
ii)	Foreign Resident Banks -		44,294	2,04,953	696	67	27,791	4,90,728	72,781	6,95,748	1,55,688	-774	4,61,677	6,16,591
	(Offices of Foreign Banks in India)		(0.5)	(2.1)	-	-	(0.1)	(1.0)	(0.1)	(0.9)	(8.8)	-	(6.2)	(5.2)
iii)	Co-operative Banks &		2,76,319	2,17,780	20,578	15,046	8,64,885	10,41,663	11,61,783	12,74,488	-82,722	-5,528	1,19,348	31,098
	Credit societies		(3.4)	(2.2)	(0.1)	(0.1)	(2.3)	(2.2)	(1.9)	(1.7)	(4.7)	(0.2)	(1.6)	(0.3)
	a.	Co-operative Banks	2,64,848	1,94,360	1,976	1,920	8,22,765	9,79,660	10,89,589	11,75,939	-94,065	896	1,00,767	7,599
			(3.2)	(2.0)	-	-	(2.1)	(2.1)	(1.8)	(1.6)	(5.3)	-	(1.4)	(0.1)
	b.	Credit Societies	11,471	23,420	18,603	13,126	42,121	62,003	72,194	98,549	11,342	-6,424	18,581	23,500
			(0.1)	(0.2)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.6)	(0.2)	(0.3)	(0.2)
2. Other		Financial Institutions	5,11,077	6,23,263	80,653	85,073	4,65,354	5,60,015	10,57,084	12,68,351	1,65,383	-1,358	1,25,054	2,89,079
			(6.2)	(6.3)	(0.6)	(0.5)	(1.2)	(1.2)	(1.7)	(1.7)	(9.4)	(0.1)	(1.7)	(2.5)
i)	Financial Companies		48,850	75,799	11,022	630	37,975	52,245	97,846	1,28,674	33,486	-12,729	21,549	42,306
			(0.6)	(0.8)	(0.1)	-	(0.1)	(0.1)	(0.2)	(0.2)	(1.9)	(0.5)	(0.3)	(0.4)
	a.	Housing Finance Companies	34,871	67,259	11,022	425	33,568	46,312	79,460	1,13,996	38,040	-12,933	20,272	45,379
			(0.4)	(0.7)	(0.1)	-	(0.1)	(0.1)	(0.1)	(0.2)	(2.2)	(0.5)	(0.3)	(0.4)
	b.	Auto Finance Companies	13,979	8,540	-	205	4,407	5,933	18,386	14,678	-4,554	205	1,276	-3,073
			(0.2)	(0.1)	-	-	-	-	-	-	(0.3)	-	-	(0.0)
ii)	Total of Mutual Funds (including		21,840	38,595	77	240	31,494	33,257	53,411	72,093	16,512	158	2,041	18,710
	Private Sector Mutual Funds)		(0.3)	(0.4)	-	-	(0.1)	(0.1)	(0.1)	(0.1)	(0.9)	-	-	(0.2)
	a.	Mutual Funds in Private Sector	4,628	4,366	67	139	10,502	3,165	15,197	7,670	-577	70	-7,524	-8,031
			(0.1)	-	-	-	-	-	-	-	-	-	(0.1)	(0.1)
	b.	Other Mutual Funds	17,212	34,229	11	101	20,992	30,092	38,215	64,423	17,088	88	9,564	26,740
			(0.2)	(0.3)	-	-	(0.1)	(0.1)	(0.1)	(0.1)	(1.0)	-	(0.1)	(0.2)

	STATEMENT 1 : OWNERSHIP OF BANK DEPOSITS BY TYPE AND ECONOMIC SECTOR, MARCH 1998 AND 1999 (Contd.)
																	(Rupees lakh)
			CURRENT			SAVINGS			TERM				TOTAL		VARIATIONS
SECTOR OF THE ECONOMY
			1998		1999	1998		1999	1998			1999	1998	1999	CURRENT	SAVINGS	TERM	TOTAL
		1	2		3	4		5	6			7	8	9	10	11	12	13
	iii)	Unit Trust of India	71,959		66,174	11		23	59,446			19,434	1,31,416	85,630	11,463	11	-30,996	-19,522
			(0.9)		(0.7)	-		-	(0.2)			-	(0.2)	(0.1)	(0.6)	-	(-0.4)	(-0.2)
	iv)	Insurance Corporations and	1,97,546		2,56,451	9,848		2,951	1,74,472		2,46,647		3,81,866	5,06,049	77,697	-6,854	72,819	1,43,662
		Companies (Life and General)	(2.4)		(2.6)	(0.1)		-	(0.5)			(0.5)	(0.6)	(0.7)	(4.4)	(-0.3)	(1.0)	(1.2)
	v)	Term Lending Institutions	1,12,669		1,35,177	257		1,619	1,24,097		1,45,801		2,37,023	2,82,597	36,017	1,308	37,153	74,478
			(1.4)		(1.4)	-		-	(0.3)			(0.3)	(0.4)	(0.4)	(2.0)	-	(0.5)	(0.6)
	vi)	Provident Fund Institutions	58,213		51,067	59,438		79,610	37,870			62,630	1,55,521	1,93,307	-9,791	16,747	22,489	29,445
			(0.7)		(0.5)	(0.4)		(0.5)	(0.1)			(0.1)	(0.3)	(0.3)	(-0.6)	(0.6)	(0.3)	(0.2)
3.	Other Financial Companies		2,99,692		3,55,826	56,317		53,629	5,61,406		4,92,751		9,17,415	9,02,206	63,689	-10,345	-17,699	-64,355
			(3.6)		(3.6)	(0.4)		(0.3)	(1.5)			(1.1)	(1.5)	(1.2)	(3.6)	(-0.4)	(-1.6)	(-0.5)
	i)	Financial Services Companies	58,510		34,502	444		9,151	58,199			62,539	1,17,153	1,06,192	-2,628	8,627	-642	5,357
			(0.7)		(0.3)	-		(0.1)	(0.2)			(0.1)	(0.2)	(0.1)	(-0.1)	(0.3)	-	-
	ii)	Other Financial Companies	1,14,065		1,67,532	4,430		4,055	2,38,554		2,56,112		3,57,049	4,27,698	49,022	-1,118	-921	46,983
			(1.4)		(1.7)	-		-	(0.6)			(0.5)	(0.6)	(0.6)	(2.8)	-	-	(0.4)
	iii)	Others	1,27,116		1,53,793	51,444		40,422	2,64,653		1,74,101		4,43,213	3,68,316	17,295	-17,854	-1,16,136	-1,16,695
			(1.5)		(1.5)	(0.4)		(0.2)	(0.7)			(0.4)	(0.7)	(0.5)	(1.0)	(-0.7)	(-1.6)	(-1.0)
IV.	Household Sector		38,42,553		45,97,730	1,17,25,861		1,44,96,834	2,47,07,390		2,90,58,429		4,02,75,804	4,81,52,992	7,98,732	23,45,756	37,05,214	68,49,702
			(46.6)		(46.3)	(84.8)		(85.4)	(64.3)			(62.1)	(66.6)	(65.3)	(45.2)	(89.5)	(50.1)	(58.1)
1.	Individuals (including Hindu		17,83,756		23,13,986	1,04,37,529		1,30,65,409	1,95,38,988		2,49,70,725		3,14,27,072	4,03,50,119	5,21,411	26,27,860	47,36,113	78,85,384
	Undivided Families)		(21.7)		(23.3)	(72.7)		(77.0)	(50.9)			(53.4)	(52.0)	(54.7)	(29.5)	(100.3)	(64.0)	(66.9)
	i)	Farmers	63,424		94,878	18,94,150		25,45,316	37,86,636		52,47,940		57,44,209	78,88,135	29,331	5,83,884	14,35,350	20,48,566
			(0.8)		(1.0)	(13.7)		(15)	(9.9)			(11.2)	(9.5)	(10.7)	(1.7)	(22.3)	(19.4)	(17.4)
	ii)	Businessmen, Traders, Professionals	12,05,760		14,87,199	17,62,176		22,73,169	40,87,953		51,70,973		70,55,889	89,31,341	2,93,961	5,18,562	10,48,034	18,60,558
		and Self-Employed Persons	(14.60)		(15.0)	(12.7)		(13.4)	(10.6)			(11.1)	(11.7)	(12.1)	(16.6)	(19.8)	(14.2)	(15.8)
	iii)	Wage and Salary Earners	1,07,684		1,52,319	32,32,387		41,37,595	48,83,539		63,67,719		82,23,610	1,06,57,633	32,092	7,88,921	13,29,258	21,50,271
			(1.3)		(1.5)	(23.4)		(24.4)	(12.7)			(13.6)	(13.6)	(14.5)	(1.8)	(30.1)	(18.0)	(18.2)

STATEMENT 1 : OWNERSHIP OF BANK DEPOSITS BY TYPE AND ECONOMIC SECTOR, MARCH 1998 AND 1999 (Concld.)
											(Rupees lakh)
	CURRENT		SAVINGS		TERM		TOTAL		VARIATIONS
SECTOR OF THE ECONOMY
	1998	1999	1998	1999	1998	1999	1998	1999	CURRENT	SAVINGS	TERM	TOTAL
1	2	3	4	5	6	7	8	9	10	11	12	13
iv) Shroffs, Money Lenders, Stock	79,669	86,597	67,190	1,59,833	1,91,304	3,92,398	3,38,162	6,38,827	24,373	93,559	2,02,694	3,20,625
Brokers, Dealers in Bullion etc.	(1.0)	(0.9)	(0.5)	(0.9)	(0.5)	(0.8)	( 0.6)	(0.9)	(1.4)	(3.6)	(2.7)	(2.7)
v) Other Individuals	3,27,219	4,92,993	31,48,425	39,49,495	65,89,557	77,91,695	1,00,65,201	1,22,34,183	1,41,654	6,42,934	7,20,776	15,05,365
	(4.0)	(5.0)	(22.8)	(23.3)	(17.2)	(16.7)	(16.6)	(16.6)	(8.0)	(24.5)	(9.7)	(12.8)
2. Trusts, Associations, Clubs etc.	82,850	94,927	1,66,808	2,07,531	4,68,837	7,65,219	7,18,495	10,67,678	7,515	43,564	2,93,533	3,44,612
	(1.0)	(1.0)	(1.2)	(1.2)	(1.2)	(1.6)	(1.2)	(1.4)	(0.4)	(1.7)	(4.0)	(2.9)
3. Proprietary and Partnership	15,03,665	16,69,267	76,915	1,05,331	9,27,890	11,06,791	25,08,470	28,81,390	2,31,029	17,535	1,44,825	3,93,389
Concerns etc.	(18.3)	(16.8)	(0.6)	(0.6)	(2.4)	(2.4)	(4.1)	(3.9)	(13.1)	(0.7)	(2.0)	(3.3)
4. Educational Institutions	75,956	1,39,999	2,16,242	2,68,777	3,74,879	4,48,336	6,67,077	8,57,112	57,655	35,886	58,422	1,51,962
	(0.9)	(1.4)	(1.6)	(1.6)	(1.0)	(1.0)	(1.1)	(1.2)	(3.3)	(1.4)	(0.8)	(1.3)
5. Religious Institutions	15,172	13,920	71,343	78,539	3,09,321	2,40,311	3,95,836	3,32,770	-846	4,315	-88,426	-84,956
	(0.2)	(0.1)	(0.5)	(0.5)	(0.8)	(0.5)	(0.7)	(0.5)	-	(0.2)	(1.2)	(0.7)
6. Others (Not elsewhere Classified)	3,81,155	3,65,631	10,90,225	7,71,246	30,87,474	15,27,047	45,58,854	26,63,923	-18,033	-3,83,404	-14,39,253	-18,40,690
	(4.6)	(3.7)	(7.9)	(4.5)	(8.0)	(3.3)	(7.5)	(3.6)	(1.0)	(14.6)	(19.5)	(15.6)
V. Foreign Sector	2,29,962	2,06,283	7,26,672	9,14,392	62,89,066	73,45,767	72,45,700	84,66,442	-37,953	1,41,675	9,09,648	1,013,371
	(2.8)	(2.1)	(5.3)	(5.4)	(16.4)	(15.7)	(12.4)	(11.5)	(2.1)	(5.4)	(12.3)	(8.6)
1. Foreign Consulates, Embassies,	16,518	28,119	7,991	5,464	52,113	35,015	76,622	68,597	10,890	-2,896	-16,773	-8,779
Trade Missions, Information	(0.2)	(0.3)	(0.1)	-	(0.1)	(0.1)	(0.1)	(0.1)	(0.6)	(0.1)	(0.2)	(0.1)
Services etc.
2. Non - Residents	68,911	1,18,585	6,00,037	7,97,803	57,44,120	68,26,252	64,13,068	77,42,640	46,582	1,55,201	9,45,515	1,147,298
	(0.8)	(1.2)	(4.3)	(4.7)	(15.0)	(14.6)	(10.6)	(10.5)	(2.6)	(5.9)	(12.8)	(9.7)
3. Others	1,44,533	59,579	1,18,643	1,11,125	4,92,833	4,84,501	7,56,009	6,55,205	-95,424	-10,629	-19,094	-1,25,148
	(1.8)	(0.6)	(0.9)	(0.7)	(1.3)	(1.0)	(1.2)	(0.9)	(5.4)	(0.4)	(0.3)	(1.1)
Grand Total	82,37,042	99,29,772	1,38,29,345	1,69,77,196	3,84,14,719	4,67,93,309	6,04,81,106	7,37,00,278	17,67,694	26,20,333	73,95,8561,17,83,883
	(100.0)	(100.0)	(100.0)	(100.0)	(100.0)	(100.0)	(100.0)	(100.0)	(100.0)	(100.0)	(100.0)	(100.0)
Figures in brackets indicate percentages to total.
- = NIL or Negligible