State-owned banks corner chunk of FY04 deposits

State-run banks accounted for 49.6 per cent of total deposits placed with all banks in the country during the year ended March 31, 2004, the RBI said in its 'Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks'.

Private banks were holding 17.7 per cent, while foreign banks accounted for 4.8 per cent of all bank deposits. Within the share of public sector banks, State Bank of India and its associates accounted for 24.2 per cent.

According to latest figures released by the central bank, total deposits aggregated Rs 1,560 crore as on June 25, 2004, reflecting a 16 per cent rise over last year.

Even as public sector banks accounted for majority of loans with 46.1 per cent of gross bank credit, private and foreign banks accounted for 20.2 per cent and 6.9 per cent of bank credit, respectively.

Latest figures released show an outflow of bank credit of Rs 877 crore as on June 25, indicating a rise of 19.6 per cent from a year back. The Reserve Bank of India released the industry figures on deposits and credit of scheduled commercial banks today.

At an all-India level, the credit-deposit (CD) ratio of all scheduled commercial banks as on March 31, 2004, stood at 58.7 per cent.

The highest C-D ratio was in the case of Chandigarh (142.0 per cent) followed by Tamil Nadu (89.6 per cent) and Maharashtra (81.4 per cent).

Foreign banks had the highest CD ratio of 84.4 per cent, followed by other scheduled commercial banks at 67.1 per cent, and was lower for State Bank of India and its associates at 57.9 per cent.