The per capita deposits at commercial banks in Orissa has recorded a consistent increase from 2005-06 to 2008-09 and is fast catching up with the national average.
The per capita deposit of the commercial banks in the state has jumped from Rs 7205 in 2005-06 to Rs 17,438 by the end of 2008-09, a growth of 58.68 per cent. The national average of per capita deposits at the commercial banks stood at Rs 20,146 by the end of 2008-09.
The total amount of bank deposits in the state has also surged from Rs 33922.72 crore in 2005-06 to Rs 70,680.66 crore by the end of 2008-09, an increase of 107.47 per cent.
The commercial banks had the largest share of deposits by the end of 2008-09 at 95.87 per cent with the balance 4.13 per cent share of the cooperative banks.
Among the commercial banks, the total deposits of public sector banks stood at Rs 54817.30 crore, that of private banks at Rs 6390.03 crore, cooperative banks at Rs 2914.30 crore and Regional Rural Banks (RRBs) at Rs 6558.93 crore.
Another interesting trend is the declining CD (Credit Deposit) ratio among the public sector commercial banks in the state. The CD ratio of 25 PSU banks operating in the state has plunged from 67.3 per cent in 2006-07 t 56.32 per cent by the end of 2008-09.
The CD ratio of the private sector banks is even lower at 53.24 per cent and that of RRBs at 53.13 per cent. The overall CD ratio of all the commercial banks, including the PSU banks, private sector banks and RRBs is 61.65 per cent by the end of 2008-09.