Public sector banks in the industry seem to outpace their private peers in terms of both market share in deposits and credit as per the reports for the second quarter ending on September 30th, 2008.
According to the RBI data, nationalized banks as well as the State Bank group share of total deposits raised to 48.6% and 23.2% respectively during this period as compared to 47.9% and 22.6% respectively, recorded for the same period a year ago. On the other hand private banks share declined from 20.3% to 19.4% and even the foreign banks clocked a dip in their share from 6.1% to 5.8%.
Also the credit share of nationalized banks rose marginally to 47.9% from 47%, a year ago. The share of SBI group increased to 23.4% from 22.9% during this one year period. Similarly the credit share of private banks declined to 19.3% from 20.6% but the foreign banks share rose to 7.2% from 6.8%.
As of September 30th 2008, the credit-deposit ratio (CDR) for nationalized banks was recorded at 73.8%. SBI group has a CDR of 75.5%. Where as the CDR for private banks and foreign bank was 74.6% and 92.4% respectively. The regional rural banks were recorded at 56.9%.
All together the CDR for commercial banks was recorded at 74.9%. In fact banks in Tamil Nadu clocked the highest CDR at 113% followed by Chandigarh at 107.4%.