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Financial inclusion vs unclaimed deposits A development bank for BRICS United India Insurance - Rs 110 crore losses have been claimed till now due to floods in Tamil Nadu It’s a war on black money, support it. Too big to fail and too small to sail Drop in SLR- sparing lendable resources Grows Bigger Who is the real beneficiary? Stage set for Indian ‘avatar’ of foreign banks Targets continue to be ad hoc Governance in Reverse Gear? Good, bad and ugly Well-lived... Cut in repo rate – lower than expected Managing NPAs... The paradox: clamour for the Goliath and David Fund healthcare clinics in villages... Drastic decline in asset quality Perhaps small is more beautiful than big! LVB- A supermarket of financial services Ferrying digital banking to Lakshadweep Smart banking in smart cities Cautious and considerate Bottomlines shrink, bad loans rise... Ernakulam excels... Rationalised Mega merger is on Banking on Risk Why any time money? Cradle of banks to a smart city... How ‘secure’ are the secured loans? Needed a Banking Atlas Payment banks have arrived Holy or unholy? What is the priority – mergers or NPA reduction? Insatiable appetite for credit Thirty more cities seek to become SMART Bank deposits account for 46.3 per cent of household savings Growing volume of stressed assets… Banking in Telangana Reaching the Unreached… All that glitters is not gold... Capital base of regional rural banks raised From lazy banking to easy banking Greet Lakshmi the banking robot New capitals of Migrant banks Reaching out: is it slowing down? A bank for women, by women The collaboration suite of cyber criminals Growing gainfully New bank licences, at last... Just 660 days! Target over-ambitious... Anytime banking to anywhere banking Another route for achieving financial inclusion Small finance banks offer high interest rates How okay are new banks? Lacklustre credit expansion One down in private sector Merger mania haunts banks Hesitancy in announcing year-end results Two banks: their jubilees and performances Big bank merger, bigger expectations Indian customers are tech savvy Small is ‘more’ beautiful A new development bank rising in the east… Nothing much can happen…. Why priority status? Monetary policy continues to adopt dis-inflationary path Aadhaar, niraadhaar and banking Banking overhauling or reorganisation? Small finance payment banks... Emerging crisis
Insatiable appetite for credit
Banking sector in Tamil Nadu has made rapid progress, particularly during the last decade. The state’s share in the overall banking sector is impressive.

Chennai continues to be among the top five banking centres. With 1658 branches, total deposits mobilised by them are Rs.268,079 crore and the advances made are Rs.339,688 crore as on March 2015.

With 9090 branches operating, Tamil Nadu’s share in the total branch network is 7.5 per cent. Its contribution to the total volume of deposits is 6.3 per cent and share in the total credit lent by banks is much higher at 9.7 per cent. The credit-deposit ratio based on credit utilisation works out to be the highest at 120.6 per cent. As on March 2015, it had the second largest number of ATMs namely18,320, next only to Maharashtra. Ten per cent of the ATMs in India are operating in Tamil Nadu.

While the state’s population is 7.21 crore, banks in the state handle 9.82 crore deposit accounts, out of the total 122.67 crore deposit accounts serviced by the banking sector in India. Interestingly, out of 33.68 crore female deposit accounts serviced by the Indian banking sector, 3.57 crore accounts are in Tamil Nadu. While the banking sector has 33.68 crore of borrowing accounts, 3.57 crore of these are in Tamil Nadu.

All the 26 public sector banks, 11 private sector banks of the old generation and six banks of the new generation have their branches in Tamil Nadu. Besides these, there are two regional rural banks having 476 branches. Pandyan Grama Bank, sponsored by Indian Overseas Bank, was established in 1977. Indian Bank promoted Pallavan Grama Bank in 2006. New entrant to the banking sector, Bharathiya Mahila Bank, also has its presence in the state through four branches. Almost all the foreign banks operating in India have their branches in Chennai.

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