As per the recently released information in the Economic Survey 2016-17, Goa's credit-deposit ratio as of September 2016 stood at just 26%, way below the national average of 74%.
Panaji
What this means is that out of Rs 100 deposits with all scheduled commercial banks (SCBs), only Rs 26 was given as loans. This could mean two things. Either there are very few takers for loans in Goa or the deposits are just so much that only a smaller percentage of them could be given as loans.
Interestingly, Goa's performance on credit-deposit ratio was lower than that of several north-eastern states like Manipur (47%), Meghalaya (27%), Mizoram (40%) and Arunachal Pradesh (29%) which much like Goa, have a small economy. However, banks here are able to lend a higher proportion of their deposits. In fact, credit-deposit ratio of even Dadra & Nagar Haveli stood at 36%, which is higher than Goa.
As per Economic Survey 2016-17 data, deposits with all SCBs stood at Rs 59,109 crore for Goa as on September 2016, while advances stood at just Rs 15,333 crores, which translates to a credit deposit ratio of a mere 26%.
For bigger and industrially more developed states, the credit-deposit ratio stood much higher probably because large industries in these states take a lot of credit.
The credit-deposit ratio in Maharashtra was 100.2%.This means banks in Maharashtra gave more loans than what they received as deposits.
