Search
Thursday, September 3, 2009
Highlighting the major changes observed in pattern of savings, fixed deposits, and loans, Garg said that the deposit growth of 21.30%,22.17% and 29.18% in 2006-07, 2007-08 and 2008-09 respectively reflects the increasing saving habits of the people. During last two years growth in fixed deposits has been 30.22% and 26.21 %. However the thrust for mobilizing low cost deposits has also yielded good results with savings deposits growth of 29.65%, 18.01% and 34.16% in 2006-07, 2007-08 and 200809 respectively. The pattern of loan taking shows an increasing trend in past 3 years with loan disbursement of Rs 533 cr, Rs 657 cr and Rs 734 cr during 2006-07, 2007-08 and 2008-09 respectively. The reason for increased loan taking during 2008-09, despite the low credit demand due to worldwide recession, is that the rural credit demand has not been affected by the economic recession and 75% of the bank's branches are working in rural area.
0 Comments:
Subscribe to:
Post Comments (Atom)