The Banking System

The banking system has grown enormously in the last thirty years.
----------------------------------------------------------------------
                            1969     Mar 1995
----------------------------------------------------------------------
Number of banks               89          282
Number of bank branches     8262        62264
Population per branch      62697        14000
Deposits (Rs.bln)             46         3758
Per capita deposits (Rs.)     90         4148

Deposits as % of GDP          13           41
Credit/Deposit Ratio (%)      78           59
Cash/Deposit Ratio (%)         8
----------------------------------------------------------------------

The 62,264 bank branches are distributed all over the country, including rural areas.

Return Home

Centre for Monitoring Indian Economy, Bombay
Contact Addresses for More Information
Last updated: August 1995.