The Credit Deposit Ratio (CD), of commercialbanks (CBs) and regional rural bank (RRBs) declined to 109 per cent as of March 31, 2010 from 114 per cent, in Tamil Nadu. However the CD ratio of the Co-operative Banks has increased to 141 per cent from 107 per cent. According to industry representatives, there is no unbanked block in the state.
According to National Bank for Agriculture and Rural Development (NABARD) the total deposits, by all thebanks, outstanding registered an increase of Rs 54,916.56 crore during in 2009-10, to Rs 3,00,056.19 crore from Rs 2,45,139.63 crore, in 2008-09, an increase of 22.4 per cent. Total advances increased to Rs 3,68,405.92 crore from Rs 2,86,061.87 crore, an increase of 28.8 per cent.
The priority sector advances of commercial banks increased by 13-23 per cent in 2009-10, the share of priority sector advances of total credit as of March 2010 was 44.61 per cent, as against the norm of 40 per cent. Agriculture advances of commercial banks increased by 18-22 per cent, the share in total advances was 18.44 per cent, against the norm of 18 per cent.
Credit potential for 2011-12, for the priority sector, at Rs 57,831 crore, up by 21 per cent over the previous year. This includes short term credit for crop loans, non-farm sector and other activities under the priority sector. The state has a wide network of bank branches totaling 7,921 with 5,989 branches of commercial banks (including nationalised banks, private sector and foreign banks),46 state co-operative bank, 768 branches of 24 district central cooperative banks including TAICO bank, a state cooperative agriculture and rural development bank and two RRBs with 290 branches.
The average per branch population works out to 8,558 and the per capita deposit was Rs48,000 and the per capital credit was Rs59,000 for the state.