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Banks in Assam
Submitted by pbhagawati on Thu, 01/08/2009 - 12:14
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The growing network of Scheduled Commercial Banks has been playing a crucial role in mobilization of saving and investments. The contribution of the “Banking and Insurance” has been growing from 3.0 percent in 2004-05 [GSDP at constant (2004-05 prices)] to 5.0 percent during the year 2009-10(Q) and thus help to boost up the state economy. As per the "Quarterly Statistics of deposits and credit of Scheduled Commercial Banks of Reserve Bank of India, March, 2010" the number of reporting Bank Offices of all Scheduled Commercial Banks in Assam stood at 1434. The average population covered per Bank branch office (based on the projected mid-year population) in the State was around 21000 which is however quite unsatisfactory in comparison to the all India average of 14,000 population during the same period.
Growth of Scheduled Commercial Banks of Assam and India:(As on March)
* Reporting Offices only Source: Economic Survey Assam 2010-11
The Bank-network operating in the Country as well as in the State have been grouped under (i) State Bank of India and its Associates, (ii) Nationalized Banks, (iii) Foreign Banks, (iv) Regional Rural Banks and (v) Other Scheduled Commercial Banks. These Groups of Bank have a distinctive role to play in the economic scenario of the State.
Bank group wise Scheduled Commercial Banks and India (As on March, 2010):
* Reporting Offices only Source: Economic Survey Assam 2010-11
Year/Bank group wise Distribution of Deposit and Credit of Scheduled Commercial Banks in Assam:(Rs. in Crore)
Source: Statistical Handbook Assam 2010
Majority of the Bank Branch Offices in the State are located in rural areas. Out of the total 1434 reporting offices (as on March-2010), 791 bank branch offices (55 percent of the total bank branch offices) are located in the rural areas of Assam and share 17 percent of the total bank deposit in the State. On the other hand, the bank branch offices in semi-urban and urban areas with 357 and 286 branch offices shared 31 percent and 58 percent of the total bank deposits respectively. The credit - deposit ratio of rural bank branch offices was 48 percent compared to semi-urban branches with 36 percent and urban branches with 34 percent during the said period.
District wise Distribution of Aggregate Deposits and Gross Bank Credit of Reporting Scheduled Commercial Banks:(Rs. in crore)
Source: Statistical Handbook Assam 2010
District wise Distribution of Aggregate Deposits and Gross Bank Credit of Reporting Regional Rural Banks in Assam:(Rs in Crore)
Source: Statistical Handbook Assam 2010
Growth of Deposits and Credit:
With the expansion of banking facilities over the years there has also been some augmentation not only in respect of volume of deposits but also in respect of disbursement of credit by these banks. The aggregate deposit with Scheduled Commercial Banks in Assam, which was Rs.31,666 crore in March 2008, has increased to Rs.49,545 crore in March 2010. The volume of deposits has been increased above 56 percent in March 2010 over March 2008. The per capita deposit in the State was Rs.16515 in March, 2010.
The disbursement of credit by Scheduled Commercial Banks in Assam also maintained more or less same trend like deposits. The total volume of credit disbursed by these banks was increased to Rs.18311 crore from Rs.15115 crore in March 2009 thereby recorded a growth of 21.0 percent over the previous year. During March, 2009 disbursement of credit by banks in Assam shared only 0.55 per cent of the total credit disbursement in the country as a whole. The per capita credit has been increased to Rs.6104 in March 2010 compared to 5106 in March, 2009.
Credit- Deposit Ratio:
Bank wise Business and Credit Deposit Ratio, (As on 30-06-2011):(Rupees in Lakh)
* Data not received. March '11 data repeted. ** Figures under Advances also include the following finance done outside for utilisation in Assam. SBI- 493.35 Cr., Indian Bank- 24.02 Cr., CBI- 29.86 Cr., ALB- 80.27 Cr., BOB- 60.00 Cr., ANB- 5.19 Cr & IOB- 34.86 Cr. Source: State Level Bankers Committee, Assam, June 2011
Year wise Credit Deposit Ratio of All Scheduled Commercial Banks in Assam and India:(As on March)
Source: Economic Survey Assam 2010-11
Priority Sector Advances:
The volume of aggregate advances under priority sector, according to the State Level Bankers Committee reports, have increased from Rs.6148.70 crore in 2006-07 to Rs.11314.92 crore in 2009-10. Thus, the volume of aggregate advances recorded 84.0 percent growth during the last four years. This growth was 262.7 percent when compared with the credit extended to the priority sector during the year 2004-05. During the period from 2004-05 to 2009-10, the priority sector advances have been above the bench-mark of 40 per cent of net bank credit.
The percentage share of priority sector loans extended to agriculture & allied activities achieved all India bench mark of 18 percent during the year 2009-10 in the State. The disbursement advances to agriculture & allied activities has steadily increased from Rs.616 crore [9.48%] in 2004-05 to Rs.2345.86 crore [13.22%] in 2008-09 and further to Rs.3868.37 crore [18.50%] in 2009-10.
The per capita priority sector advances has significantly increased from Rs.1170.00 to 5917.00 during the period from 2004 to 2010.
Advances Outstanding under priority Sector:(Rupees in Crore)
* Figure within bracket indicates percentage share to Aggregate Advances. # Per Capita Priority Sectors Advances calculation based on the Population Census 2001 Source: Economic Survey Assam 2010-11
Regional Rural Banks:
Regional Rural Banks [RRBs] were established under the Regional Rural Banks Act, 1976 with a view to give a boost to rural economy by providing rural credit to farmers, agricultural labourers, artisans and small entrepreneurs etc.
At present, the State has presence of two RRBs - Assam Gramin Vikash Bank and Langpi Dehangi Rural Bank. While the Assam Gramin Bank is operating both in the Brahmaputra Valley and Barak Valley covering 25 districts with 356 bank branches, the service area of the Langpi Dehangi Rural Bank is confined within the two hill districts of Assam with 42 bank branches as on March 2010.
The aggregate deposit of RRB was Rs.3691.39 crore at the end of March 2010 as against Rs.3044.07 crore at the end of March 2009 thereby registering a growth of 21.26 percent. The aggregate deposit of RRBs was 2496.00 crore at the end of March 2008. The volume of credit disbursed by these banks was also increased to Rs.1753.55 crore as on March 2010 from Rs.1510.43 crore as on March 2009 indicating an increase of 16.1 percent. Credit-Deposit ratio of these banks, on the other hand, marginally fall to 47.50 as on March 2010 from 49.60 as on March 2009. The credit-deposit ratio of RRBs was Rs.53.60 as on March 2007.
Achievement of Regional Rural Banks in Assam:
Figure in bracket shows the percentage share of achievement of RRBs to all Banks. * Lending by NEDFi and RIDF has been incorporate as priority sector advances. Source: Economic Survey Assam 2010-11
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