Bank credit up 12.3 per cent at Rs28,81,898 crore in Q2-Fy'10
15 Jan 2010
Total bank credit in the country grew 12.3 per cent to Rs2881,898 crore at the end of the second quarter of fiscal 2009-10, even as deposits with the banking system grew 19.8 per cent to Rs41,01,518 crore in thwe same period.
The number of banked centres served by scheduled commercial banks in the country stood at 34,709 as of end-September 2009, the Reserve Bank of India said in its 'Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks - September 2009'.
The top hundred centres, arranged according to the size of deposits accounted for 68.9 per cent of the total deposits and the top hundred centres arranged according to the size of bank credit accounted for 77.7 per cent of total bank credit in the country, RBI said.
In September 2008, the corresponding share of top hundred centres in aggregate deposits and gross bank credit was 69.6 per cent and 79.0 per cent, respectively, the release noted.
Aggregate deposits of top hundred centres increased by 18.6 per cent in September 2009 over September 2008 compared with a growth of 20.0 per cent recorded a year ago.
Growth rate of gross bank credit of top hundred centres at 10.5 per cent in September 2009 was much lower than 28.6 per cent growth recorded in September 2008.