The gross outstanding credit of scheduled commercial banks rose 13.7% to Rs 62,82,100 crore in financial year 2013-14, a marginal decline from the previous fiscal when it registered an increase of 15%, the Reserve Bank said on Friday.
The gross outstanding credit of scheduled commercial banks rose 13.7% to Rs 62,82,100 crore in financial year 2013-14, a marginal decline from the previous fiscal when it registered an increase of 15%, the Reserve Bank said on Friday.
In its 43rd volume of 'Basic statistical returns of scheduled commercial banks' as of March 2014, the central bank said rural and semi-urban centres registered higher deposit growth in 2014 at 17.5% at Rs 79,13,443 crore and 16.5% at Rs 69,34,280 crore, compared to urban and metropolitan centres at 14.5% and 11.6%. Despite this, the report said the number of borrowal accounts rose 8.2% to 139 million in 2014 from 128 million in 2013, led by small borrowal accounts contributing to 78.7% of the total number of such accounts in 2014.
But the share of small borrowal accounts in outstanding credit declined to 8.4% from 9.3% in 2013. Aggregate deposits amounted to Rs 79,55,700 crore, registering a lower growth of 13.4% in 2014 as against 15.4% in 2013, the report said. The number of deposit accounts increased to 1,227 million in 2014 from about 1,045 million in 2013, marking a growth of 17.4%.
The total number of savings bank accounts increased to 978 million in 2014 from 823 million in 2013. The national credit-deposit ratio rose to 79% in the reporting year, up marginally from 78.8% in 2013.
The Reserve Bank said the basic statistical returns of banks provides data on different dimensions of deposits and credit of the banking sector.
The information is collected from bank branches through basic statistical returns-1 & 2 (BSR-1&2), annually. Under BSR-1, information on occupation/activity and organisational sector of the borrower, type of account, interest rate, credit limit and outstanding amount are collected for each loan account, while under BSR-2, branch-wise data on type of deposits, maturity pattern of term deposits and number of employees are collected.
The average share of priority sector lending in total non-food credit rose to 35.1% in 2014 from Rs 33.7% in the previous year, the report added.
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