Growth of deposit and credit (y-o-y) declined to 8.6 per cent and 9.3 per cent respectively during 2015-16 from 10.7 per cent and 9.8 per cent respectively a year ago. The deceleration in deposits and credit during 2015-16 was broad based across all population groups.
Term deposit constituted the highest share (63.6 per cent) in aggregate deposits followed by saving deposit (27.4 per cent) and current deposit (9.1 per cent).
According to size of total business (deposits plus credit) of SCBs, seven states, viz., Maharashtra, NCT of Delhi, Tamil Nadu, Karnataka, Uttar Pradesh, West Bengal and Gujarat accounted for 68.6 per cent of the total business. Maharashtra alone contributed 25.7 per cent of the total. These seven states accounted for 65.7 per cent of deposits and 72.2 per cent of credit.
The all India credit-deposit (C-D) ratio stood at 77.9 per cent for the quarter. This ratio was the highest for Tamil Nadu (112.9 per cent) followed by Andhra Pradesh (104.5 per cent), Telangana (103.6 per cent), Maharashtra (102.7 per cent), Chandigarh (99.5 per cent), NCT of Delhi (99.4 per cent), and Dadra & Nagar Haveli (91.3 per cent).
Growth rates (y-o-y) for both deposits and credit declined for nationalised banks as compared to their levels a year ago. However these rates were higher for private sector banks and regional rural banks during the same period.
In terms of share, nationalised banks continued to maintain their dominant position contributing more than 45 per cent in both aggregate deposits as well gross bank credit of all SCBs. SBI and Associates and private sector banks had almost similar shares in the range of 21-24 per cent.