(a) whether the Government has fixed any criterion regarding credit deposit ratio of nationalised banks and if so, the details thereof;
(b) whether the Government has reviewed to banks complying with this ratio; and
(c) if so, the details thereof, bank-wise along with the steps being taken by the Government in this regard?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE
(a) to (c):Reserve Bank of India guidelines on improving credit deposit ratio advise Scheduled Commercial Banks including Nationalised Banks to achieve a Credit Deposit (CD) ratio of 60% in respect of their rural and semi-urban branches separately on an all-India basis.In order to minimize regional imbalance in credit deployment, banks are required to avoid wide disparity in the ratios between different States/Regions.
RBI has advised banks that the CD ratios should be monitored at different levels viz banks’ head office level, State Level Bankers Committee (SLBC) and District Consultative Committee (DCC). Special Sub-Committee (SSC) of DCC to be set up in the districts having CD ratio less than 40%, to monitor the CD ratio and to draw up monitorable Action Plans (MAPs) to increase the CD ratio. The Districts with CD ratio less than 20% needs to be treated on a special footing.
RBI also monitors the CD ratio of banks. Out of 673 districts in India, 158 districts have CD ratio less than 40% and Special Sub Committees of DCC have already been formed in 148 districts.
A Statement indicating bank-wise CD Ratio of public sector banks is Annexed.
Statement referred to in reply to the parts (a to c) of the Lok Sabha Unstarred Question No. 4009 for answer on 06-12-2016 regarding “CREDIT DEPOSIT RATIO”
ANNEX
Bank wise CD Ratio of Public Sector Banks
Sl. No. Bank Name As on 31st March, 2014 As on 31st March, 2015 As on 31st March, 2016 As on 30th September, 2016
1 Allahabad Bank 71.9 76.7 75.5 74.1
2 Andhra Bank 78.2 83.5 78.1 79.7
3 Bank of Baroda 78.9 77.0 73.7 68.4
4 Bank of India 73.4 73.5 73.3 72.8
5 Bank of Maharashtra 78.0 84.3 81.2 79.7
6 BharatiyaMahila Bank Ltd. 65.4 66.9 61.9
7 Canara Bank 72.2 71.6 71.5 71.4
8 Central Bank of India 79.8 78.7 74.5 69.2
9 Corporation Bank 70.5 72.9 71.1 64.8
10 Dena Bank 73.7 72.4 76.5 72.8
11 IDBI Bank Limited 89.1 87.3 93.5 92.3
12 Indian Bank 76.3 76.6 70.6 70.3
13 Indian Overseas Bank 75.2 69.7 73.8 75.4
14 Oriental Bank of Commerce 72.9 72.7 72.8 72.4
15 Punjab And Sind Bank 75.9 77.9 72.4 70.1
16 Punjab National Bank 78.1 77.2 77.6 72.3
17 Syndicate Bank 79.7 75.9 74.5 72.3
18 UCO Bank 82.3 77.3 67.0 64.7
19 Union Bank of India 74.8 80.0 76.1 70.9
20 United Bank of India 61.1 67.6 63.1 59.6
21 Vijaya Bank 66.4 69.5 74.2 72.2
22 State Bank of Bikaner And Jaipur 90.9 84.5 79.9 76.6
23 State Bank of Hyderabad 81.8 82.6 81.6 79.5
24 State Bank of India 78.8 73.8 74.7 67.2
25 State Bank of Mysore 83.2 83.9 79.6 74.4
26 State Bank of Patiala 86.8 87.5 80.1 78.6
27 State Bank of Travancore 81.3 77.2 66.6 65.6
ALL INDIA-PSB 77.1 76.0 75.0 71.2
Source: RBI