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