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