Banks in TN take total deposit of Rs 4.11 lakh cr till Dec 12

The total deposits of the banks in Tamil Nadu has touched Rs 4,11,478.29  crore with a year-on-year increase of 14.27 per cent by December, 2012. The credit portfolio has experienced an increase of 21.67 per cent during the same period and reached Rs 5,01,143.48 crore, according to the State Level Bankers' Committee (SLBC).

The state has surpassed the national norm of 40 per cent in share of priority sector advances, at 43.17 per cent and the percentage of agricultural advances to total advances as at the end of December, 2012, was 19.76 per cent as against the national norm of 18 per cent, added a statement issued by the Indian Overseas Bank (IOB), which the convenor of the SLBC for Tamil Nadu, after the 133rd SLBC Meeting, held on Wednesday.

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