The credit-deposit ratio of foreign banks is higher when compared with nationalised banks. As on December 2003, the credit-deposit ratio of foreign banks stood at 82.9 per cent against 53 per cent of nationalised banks.

The Reserve Bank of India in a press release said that, the C-D ratio at the bank group level for other scheduled commercial banks, State Bank of India and its associates and regional rural banks stood at 64.6 per cent, 59.9 per cent and 46.9 per cent respectively.

Nationalised banks as a group accounted for 49.5 per cent of the aggregate deposits while SBI and its associates accounted for 24.6 per cent, the central bank said.

Meanwhile, the share of other scheduled commercial banks, foreign and regional rural banks in aggregate deposits stood at 17.3 per cent, 4.8 per cent and 3.7 per cent, respectively, it said.

Of the total gross bank credit, nationalised banks accounted for 45.3 per cent of total bank credit, while SBI and its associates accounted for 25.5 per cent.

Other scheduled commercial banks, foreign banks and regional rural banks accounted for relatively lower shares in the total gross bank credit at 19.3 per cent, 6.9 per cent and 3 per cent respectively.

At the all-India level, the C-D ratio of all scheduled commercial banks stood at 57.9 per cent. Metropolitan centres had the highest ratio at 77 per cent followed by urban centres (44.3 per cent), rural centres (43.3 per cent) and semi-urban centres (36.6 per cent), said the RBI.

Among states or Union territories, the highest C-D ratio was registered in Chandigarh (113 per cent), followed by Tamil Nadu (87.6 per cent) and Maharashtra (80.4 per cent).