Comments
Wealth continues to be concentrated in few places, as shown by the data on bank loans and deposits.
Top six metros in the country (Mumbai, Delhi, Bangalore, Chennai, Kolkata and Hyderabad) accounted for 42 per cent of deposits and 54 per cent of bank credit, according to the quarterly statistics on deposits and credit of scheduled commercial banks put out by the Reserve Bank of India. These are figures compiled till September 2013.
The largest chunk of deposits was in Mumbai at Rs 13.37 lakh crore, while the maximum amount of loans of Rs 13.31 lakh crore was also given there.
Mumbai alone accounted for as much as the next three metros (Delhi, Bangalore, Chennai) in the case of deposits and (Delhi, Chennai and Hyderabad) in the case of loans.
Nationalised banks, SBI and its associates, and private sector banks accounted for 52.2 per cent, 22.5 per cent and 18.2 per cent of aggregate deposits, respectively, and for 50.5 per cent, 22.8 per cent and 19.2 per cent of gross bank credit, respectively.
The top hundred centres, arranged according to the size of deposits, accounted for 67.9 per cent of the aggregate deposits and the top hundred centres, arranged according to the size of gross bank credit, accounted for 76.7 per cent of gross bank credit, RBI said.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.