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