The per capita bank deposits in Orissa has grown significantly over the past three years and is fast catching up with the national average. The per capita bank deposits at the commercial banks has gone up from Rs 7205 in 2005-06 to Rs 17483 by the end of 2008-09, a surge of 142.65 per cent, according to the Economic Survey of the state for 2010-11.
In the same period, the pan-India per capita bank deposits has increased from Rs 15357 to Rs 20146, registering a growth of 31.18 per cent.
The total amount of bank deposits in the state has been growing consistently during 2003-04 to 2009-10. It grew by 16 per cent from 2003-04 to 2004-05 while the growth rate zoomed to a little over 22 per cent between 2008-09 and 2009-10.
The total bank deposits in the state stood at Rs 86500 crore by the end of 2009-10. The commercial banks had the dominant share of bank deposits at 95.78 per cent while cooperative banks accounted for 4.22 per cent.
The state's commercial bank density (ratio of population to the total number of bank branches) has improved from 16000 in 2001-02 to 15000 in March 2009. The state fares better than some states like West Bengal, Rajasthan and Uttar Pradesh whose commercial bank density stands at 17000, 16000 and 17000 respectively.
The state had 3152 branches by the end of 2009-10 which includes 1826 branches of public sector banks, 116 branches of private banks, 875 branches of regional rural banks and 328 branches of state cooperative banks.
Of these, 1819 branches are located in rural areas, 660 in urban areas and 611 in semi-urban areas. The CD (Credit Deposit) ratio of the commercial banks in Orissa stands at 62.85 while for cooperative banks, the ratio is 98.67.
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The CD ratio of private sector banks is slightly better than the PSU banks at 70.54 while for the Regional Rural Banks, it stands at 51.32.
The CD ratio of public sector banks has shown a steady decline over the last three years. The ratio has dipped from 63.11 in 2007-08 to 56.32 in 2008-09 and to 56.34 in 2009-10.