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Standing of Karnataka cities in deposit & credit base: RBI Report

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Written By belgaumblog - 2 August, 2008

Bangalore Hubli Mysore Karnataka Mangalore Tier2 Belgaum rbi report credit belgaumblog

The Reserve Bank of India released its ‘Quarterly Statistics on Deposits and Credit of Scheduled 2008′. The publication contains data relating to deposits and credit of scheduled commercial banks including (RRBs) as on March 31, 2008.

Bangalore stands in 3rd place only after Greater Mumbai & Delhi in case of both Deposits & Credit. Chennai stands 5th in deposit and Bangalore 3rd, whereas in case of Credit Chennai 3rd and Bangalore 4th. Providing the info here is only one pretext and to make know where we stand in Market as a whole.
No other site or even news paper cover this, but we should know where we stand and all the big companies who plan to start any kind of operations here see these kind of reports and make their plans, hence I thought it fit to post this here.

Note: ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks’ provides data on aggregate credit of scheduled commercial banks as on March 31, 2008. The data are based on Basic Statistical Return the branches of all scheduled commercial banks (including RRBs).Source: Press Release: 2008-2009/72 RBI The full report is here

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COMMENTS

Interesting data point. Bellary so low?

silkboard - 4 August, 2008 - 19:50

So the rankings on deposit for our state are

  1. Bangalore
  2. Mangalore
  3. Mysore
  4. Hubli/Dharwad
  5. Belgaum
  6. Udupi
  7. Bellary

So where do the mining lords bank their cash!? Didn't you expect Bellary to rank higher than that?

Also, Udupi and Mangalore, but no Karwar. Perhaps tells you something about North Coastal region of Karnataka.

 

Noticed the gap b/w Bangalore and the rest!?

silkboard - 4 August, 2008 - 20:02

Sorry, rushed with above comment.

Thing that hit me most was the gap between #1 and #2. See "deposits"

  • City - Reporting offices (I assume branches) - Deposit Amount (crores?)
  • Bangalore -  1040 - 132277
  • Mangalore - 172 - 7409
  • Mysore - 165 - 6020

How is that gap there? So much for talk of tier II cities.

population

tsubba - 4 August, 2008 - 22:39

distribution of population in ka. MAQ, MYS, HBL account for small populations. Only blr has 7 mil population. rest all < 1 mil population. Only reason Mys qualified for JNNURM because of heritage tag.(only cities >1 mil eligible for NURM). otherwise Hubballi-Dwd bigger than MYS. blr pop is about 15 times maq pop. deposits 17 times. fairly reasonable. infact MAQ punching way above.

In Bellary nobody deposit I

belgaumblog - 6 August, 2008 - 04:44

In Bellary nobody deposit I guess They store money in godowns I heard some one does like that Tongue out

KA annual plan 3rd higest in country

tsubba - 13 August, 2008 - 11:55

Karnataka annual plan fixed at Rs 26,000 cr http://www.hinduonnet.com/thehindu/holnus/004200808121922.htm New Delhi (PTI): Karnataka's annual plan size for 2008-09 has been fixed at Rs 25,952.53 crore which include an additional Rs 100 crore-central assistance for projects of special interest of the state. The annual plan size was agreed on Tuesday at a meeting between the state Chief Minister Chief Minister B S Yediyurappa and Planning Commission Deputy Chairman Montek Singh Ahluwalia after a review of the financial performance. "This is the third highest plan size after Andhra Pradesh and Uttar Pradesh," the Chief Minister said after the meeting. While pointing out that the state's tax to Gross State Domestic Product (GSDP) ratio was among the highest in the country, Ahluwalia said, "efforts should be made to improve infrastructure through public private partnership." Asking the state to address problems in the health sector, he said, incidence of anemia and malnutrition was high in Karnataka. Briefing the Commission about the steps being taken by Karnataka to encourage growth and development, Yediyurappa said, "state intends to achieve a growth rate of nine per cent during the Eleventh Plan." He further said that Karnataka has been able to restrict fiscal deficit to less than three per cent of GSDP and has been achieving revenue surpluses every year since 2004-05. Karnataka Chief Minister also demanded "inclusion of Cauvery basin irrigation projects in the Prime Minister's package for distressed farmers without inciting on clearance from Cauvery Tribunal." Between 1994 and 2004, the manufacturing and service sectors grew at 7.50 per cent and 10.61 per cent respectively, while the growth in the primary sector regressed to 0.6 per cent per annum. The state, he said, would try to achieve a growth of over four per cent in primary sector.

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