Growth of aggregate deposits of top 100 banking centres dip: RBI

Mumbai, Jul 18 (UNI) The growth of aggregate deposits of top hundred banking centres in the country saw a 200 basis points dip at 25.7 per cent in March 2008 over March 2007 growth percentage of 27.7 per cent, according to a report by the Reserve Bank of India (RBI) here today.

The growth of gross bank credit in these centres was much lower at 23.4 per cent in March this year compared to 30.0 per cent growth recorded last year, the RBI quarterly statistics on deposits and credit of scheduled commercial banks-March 2008 relesed here said.

The top hundred centres, out of 34,426 banked centres, accounted for 69.7 per cent of the total deposits and the top hundred centres arranged according to the size of bank credit accounted for 77.8 per cent of total bank credit. In March 2007, the corresponding share of top hundred centres in aggregate deposits and gross bank credit were 68.9 per cent and 77.4 per cent respectively.

The RBI quarterly publication contained data relating to deposits and credit of scheduled commercial banks including regional rural banks (RRBs) as on March 31, 2008.

The number of banked centres served by scheduled commercial banks as on March 31, 2008 stood at 34,426. Of these centres, 28,529 were single office centres and 54 centres had 100 or more bank offices.

The Top 200 centres in terms of aggregate deposits covered 30.7 per cent of reporting offices and 74.6 per cent of aggregate deposits.

The Top 200 centres in terms of gross bank credit, accounted for 81.4 per cent of gross bank credit and 30.3 per cent of reporting offices.

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