All banking institutions present in Dakshina Kannada District of Mangalore have achieved a business growth of 25 percent during the last fiscal. Banks in this district have recorded a business of Rs. 33, 351 crore in 2011-12. Dakshina Kannada is a district in Karnataka.
At the meeting of the district level review committee for development of banks, Mr J.S. Shenoy, Deputy General Manager, Syndicate Bank said that 497 bank branches of different banks operating in the district had recorded a growth of 25 % in 2011-12. He further added that as compared to all the 30 districts in the state, Dakshina Kannada stands at the top in deposits and advances.
The deposits of all the banks grew by 28 percent, with the total deposits of Rs 21,665 crore. The deposit growth in rural bank branches was more, at 32.20 percent, compared to 30.50 percent growth of urban bank branches in the same segment.
Further, the credit deposit ratio in the district is decreasing slowly for three years now. The credit-deposit ratio in 2009-2010 was 56.90 percent, whereas now it stands at 53.50 percent.