THIRVANTHAPURAM, Mar 27: The Bank Deposits in this district stood at Rs 50,822 crore and total advances Rs 35,394 crore as on December 31, 2014.
The Credit Deposit Ratio for the District had improved from 66 per cent (March 2014) to 70 per cent, sources said today, adding NRI deposits stood at Rs 11,420 crore (22 per cent of total deposits).
Under District Credit Plan for the current year, financial institutions in the district disbursed an amount of Rs 5,058 crore under the three major sectors of priority sector against the annual target of Rs 8,800 crore, as on December 31, 2014, achieving 57 per cent of the target. The details were revealed in the District Level Review Committee Meeting on Banking for Thiruvananthapuram District convened by Indian Overseas Bank.
According to the District Credit Plan for 2015-16, it envisaged a credit outlay of Rs 9,139 crore, of which Rs 4,074 crore was for agriculture, Rs 1,471 crore for industries and Rs 3,593 crore for service sector which included housing and education.
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