Belgaum up at 77th Place in Deposit base & 70th in Credit: RBI report


The Reserve Bank of India released its ‘Quarterly Statistics on Deposits and Credit of Scheduled 2008’. The publication contains data relating to deposits and credit of scheduled commercial banks including (RRBs) as on March 31, 2008.

In the last report Belgaum stood at 76th place in both credit and deposit base, i.e.Dec 2007. In the next quarter Belgaum deposit base has come down by 1 place to 77 and the credit base has gone up 6 places to 70th position.

Belgaum is still at Fifth place in Karnataka after Bangalore, Mangalore, Mysore & Hubli.

Providing this info here is only one pretext and to make know to the Belgaumites where we stand in Market as a whole. I have heard no doubt we are in 5th place in the deposit and credit base we are in 2nd position in terms of paying taxes to the govt. (I need to factually find the source tough)

No other site or even news paper cover this, but as Belgaumites we should know where we stand and all the big companies who plan to start any kind of operations here see these kind of reports and make their plans, hence I thought it fit to post this here.

Note: ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks’ provides data on aggregate credit of scheduled commercial banks as on March 31, 2008. The data are based on Basic Statistical Return the branches of all scheduled commercial banks (including RRBs).

Source: Press Release: 2008-2009/72 RBIThe full report is here


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