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Goa ranks third on national level for per capita deposits
Goa ranks third in the country as far as per capita deposits are concerned, outsmarted only by Union territories of Delhi and Chandigarh, according to the Goa Economic Survey 2010-11.
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Panaji: Goa ranks third in the country as far as per capita deposits are concerned, outsmarted only by Union territories of Delhi and Chandigarh, according to the Goa Economic Survey 2010-11.
Per capita deposits of Delhi stand at Rs 3.16 lakh followed by Chandigarh at Rs 2.32 lakh and Goa at Rs 1.72 lakh, according to the survey, which was tabled on the floor of the House.
It said the aggregate deposits registered a phenomenal growth from Rs 9 crore in 1962, a year after liberation from Portuguese rule to Rs 26,045 crore in 2008-09 and Rs 34,165 crore in 2010-11.
"As on September 2011, the total bank deposits stood at Rs 40,617 crore," it said, adding that bank deposits have seen increasing trend over the last few years.
The bank deposits, the survey says, saw an enormous rise in 2000-01 over 1995-96 wherein the growth recorded is approximately 127 percent.
"However, as new investment avenues became more familiar with investors, the annual growth rate of deposits reduced to 13 percent in the year 2009-10," it said.
"Subsequently in 2010-11, the growth rate went up to 16 percent," it added.
Goa has a well-knit banking system with as many as 586 banking offices as on September 30, 2011.
The ES has pointed out that there is bank branch for approximately every 2500 people in Goa, taking into account the population of the state.
ES has said Goa is the only state with low ratio of 4148 population per bank branch while all other states and union territories has a ratio of above 5,000 population per branch.
"This shows that Goa has the best banking services compared to all other states and union territories in the country," the survey said.
PTI
Per capita deposits of Delhi stand at Rs 3.16 lakh followed by Chandigarh at Rs 2.32 lakh and Goa at Rs 1.72 lakh, according to the survey, which was tabled on the floor of the House.
It said the aggregate deposits registered a phenomenal growth from Rs 9 crore in 1962, a year after liberation from Portuguese rule to Rs 26,045 crore in 2008-09 and Rs 34,165 crore in 2010-11.
"As on September 2011, the total bank deposits stood at Rs 40,617 crore," it said, adding that bank deposits have seen increasing trend over the last few years.
The bank deposits, the survey says, saw an enormous rise in 2000-01 over 1995-96 wherein the growth recorded is approximately 127 percent.
"However, as new investment avenues became more familiar with investors, the annual growth rate of deposits reduced to 13 percent in the year 2009-10," it said.
"Subsequently in 2010-11, the growth rate went up to 16 percent," it added.
Goa has a well-knit banking system with as many as 586 banking offices as on September 30, 2011.
The ES has pointed out that there is bank branch for approximately every 2500 people in Goa, taking into account the population of the state.
ES has said Goa is the only state with low ratio of 4148 population per bank branch while all other states and union territories has a ratio of above 5,000 population per branch.
"This shows that Goa has the best banking services compared to all other states and union territories in the country," the survey said.
PTI
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