The Bank of Baroda (BoB)’s credit deposit (CD) ratio in Gujarat has seen a noticeable improvement in recent times. The CD ratio of the bank has increased from 37% to 46%. Speaking to Express News Service, Anil Khandelwal, chairman, Bank of Baroda, said that sustained efforts of the bank have helped it to improve its CD ratio.
Providing more details, GG Joshi, general manager, Bank of Baroda, in Gujarat, said that if business with those units, which have their head offices outside Gujarat, but with production units in the state, was included, the CD ratio of the bank worked out to be around 50%.
The bank’s CD ratio in Gujarat was at 37.45% as on March 2006, which increased to 46.42% by the end of March 2007. The bank registered a growth of 10% in one year and the gross CD ratio has also increased to 56.19%.
BoB registered a total Rs 19,460 crore of deposits in Gujarat and extended credit worth Rs 7,287 crore by March 2006. However, by the end of March 2007 the total deposit with the bank in Gujarat stood at Rs 22,810 crore as against a credit of Rs 10,119 crore.
The bank’s credit to the agriculture sector has also increased from Rs 1,236 crore in March 2006 to Rs 1,867 in March 2007. Similarly, the bank extended loans worth Rs 2,076 crore to small and medium-scale enterprises in March 2007, which was at Rs 1,583 crore in March 2006.
Courtesy : Expressindia.com
Providing more details, GG Joshi, general manager, Bank of Baroda, in Gujarat, said that if business with those units, which have their head offices outside Gujarat, but with production units in the state, was included, the CD ratio of the bank worked out to be around 50%.
The bank’s CD ratio in Gujarat was at 37.45% as on March 2006, which increased to 46.42% by the end of March 2007. The bank registered a growth of 10% in one year and the gross CD ratio has also increased to 56.19%.
BoB registered a total Rs 19,460 crore of deposits in Gujarat and extended credit worth Rs 7,287 crore by March 2006. However, by the end of March 2007 the total deposit with the bank in Gujarat stood at Rs 22,810 crore as against a credit of Rs 10,119 crore.
The bank’s credit to the agriculture sector has also increased from Rs 1,236 crore in March 2006 to Rs 1,867 in March 2007. Similarly, the bank extended loans worth Rs 2,076 crore to small and medium-scale enterprises in March 2007, which was at Rs 1,583 crore in March 2006.
Courtesy : Expressindia.com