The gross outstanding credit of scheduled commercial banks rose 13.7 per cent 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 per cent, the Reserve Bank of India (RBI) 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 per cent at Rs 79,13,443 crore and 16.5 per cent at Rs 69,34,280 crore respectively, compared with urban and metropolitan centres at 14.5 per cent and 11.6 per cent.
Despite this, the report said the number of borrowal accounts rose 8.2 per cent to 139 million in 2014 from 128 million in 2013, led by small borrowal accounts contributing to 78.7 per cent of the total number of such accounts in 2014.
But the share of small borrowal accounts in outstanding credit declined to 8.4 per cent from 9.3 per cent in 2013.
Aggregate deposits amounted to Rs 79,55,700 crore, registering a lower growth of 13.4 per cent in 2014 as against 15.4 per cent 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 per cent.
Savings bank accounts
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 per cent in the reporting year, up marginally from 78.8 per cent in 2013.
The RBI 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 per cent in 2014 from Rs 33.7 per cent in the previous year.
The number game
Rural and semi-urban centres deposit growth
respectively grew at 17.5% at Rs 79,13,443 crore and 16.5% at Rs 69,34,280 crore, in 2014
Urban and metropolitan centres register deposit growth rate of 14.5% and 11.6% respectively
Aggregate deposits amount to Rs 79,55,700 crore, registering a lower growth of 13.4% in 2014, compared with 15.4% in 2013
Number of savings bank accounts at 978 million in 2014 from 823 million in 2013