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Goa ranks third for per capita deposits

Goa ranks third nationally as far as per capita deposits are concerned, according to a recent Economic Survey.



Panaji: Goa ranks third nationally as far as
per capita deposits are concerned, outsmarted only by Union
territories of Delhi and Chandigarh, according to a recent
Economic Survey.

The record mentions that per capita deposits of Delhi
stand at Rs 3.16 lakh seconded by Chandigarh at Rs 2.32 lakh
and followed by Goa at Rs 1.72 lakh, the survey, which was
tabled on the floor of the House, read.

The survey said that 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," the survey mentions, 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 per cent.

"However, as new investment avenues became more familiar
with investors, the annual growth rate of deposits reduced to
13 per cent in the year 2009-10," it said.

"Subsequently in 2010-11, the growth rate went up to 16
per cent," the report adds.

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 5000 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 reads.

PTI

From Zee News

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