Bank deposits in Gujarat surged by Rs 64,000 crore in October-December 2016; NPAs touch Rs 30,700 crore

Ahmedabad:  In post demonetization move and restrictions on withdrawals scenario, total deposits with banks in Gujarat has been up by Rs 63,778.30 crore in October-December 2016 period. This data has been shared by the State Level Bankers Committee(SLBC), meeting of which was held in capital Gandhinagar with the State government.

The figures from SLBC

-Deposits in the state up by Rs 63,778.30 or 11.23% to Rs 6,31,478.3 crore in the October-December quarter from Rs 5,67,700 crore in the July-September period.

-Compared to the same period in the previous fiscal, deposits surged by a whopping Rs 1,12,523 crore or 21.68% from the Rs. 5,18,955 crore registered in October-December 2015.

– NRI deposits have gone down by Rs 1,072 crore. – NRI deposits were Rs 65,904 crore, a decrease of 1.6 % from the preceding quarter, when it was Rs 66,976 crore.

-Against deposits, advances declined marginally by 0.87% to Rs. 4,44,862 crore in Q3 from Rs. 4,48,774 crore in Q2 of the current fiscal. Advances showed a growth of 7.57% over the same period in 2015-16.

-Some 1.03 crore accounts were opened under Pradhan Mantri Jan Dhan Yojana (PMJDY). Of these, 54.13 lakh accounts were in rural areas while 49.31lakh accounts were in urban areas of the state. 12.89 lakh new Jan Dhan accounts were opened between December, 1, 2016 and March, 01, 2017, of which 5.77 lakh were in rural while 7.11 lakh in urban areas.

-Some 62.55 lakh accounts were Aadhaar-seeded and 84.14 lakh RuPay cards were issued.

-Deposits in district cooperative banks surged by 10.3% to Rs 25,846 crore from Rs 23,430 crore in the quarter ended in September 2016.

– Non Performing Assets of bank in Gujarat surged to almost Rs 30,700 crore, or nearly 7% of the total advances, at the end of December 2016.

– Gross bank NPSs in Gujarat rose to Rs 30,698 crore, 6.90% of the total advances of Rs 4.44 lakh crore. The gross NPA level stood at Rs 29,276 crore at the end of September 2016, which was 6.52% of the total advances of Rs 44,877 crore. The number of NPA accounts in Gujrat rose from 2.84 lakh at the end of September to 2.89 lakh on December 31, 2016.

DeshGujarat