In spite of the articulation of financial inclusion, only the top 100 centers in the country dominate in terms of credit and deposit.
According to the ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks – September 2007’ released by the RBI, the share of these centers has gone up both year-on-year and eventually from March 2007.
There has been increase in the share of the top 100 centers in credit, from 75.9 per cent in September 2005, to 76.7 per cent in September 2006 and to 77.2 in September 2007.
According to RBI figures available same is the case in deposits, the share of the top 100 centers has gone up from 66.2 per cent-September 2005, 67.9 per cent-September 2006 and 69.6 per cent-September 2007.
According to RBI report the nationalized banks, as a group, accounted for 47.9 per cent of the total deposits, whereas State Bank of India and its Associates accounted for 22.6 per cent.
While the share of other scheduled commercial banks, foreign banks and Regional Rural Banks in aggregate deposits accounted for 20.3 per cent, 6.1 per cent and 3.0 per cent, respectively.
In respect of gross bank credit, nationalized banks share was the highest at 47.0 per cent, followed by State Bank of India and its Associates at 22.9 per cent and other scheduled commercial banks at 20.6 per cent.
Foreign banks and RRB have comparatively lower share in the total bank credit at 6.8 per cent and 2.6 per cent.
At the all India level, on last Friday of September 2007 the credit-deposit (C-D) ratio of all scheduled commercial banks stood at 71.5 per cent. Whereas amongst the States/Union Territories, the highest C-D ratio was observed in Tamil Nadu (109.8 per cent) followed by Chandigarh (100.2 per cent). While at the bank group level, foreign banks had the highest C-D ratio at 79.9, which was higher than the all-India ratio.