Goa ranks 3rd in per capita nationally
PTI, PANAJI | 22 March 2012 11:57 IST
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.
Drop a comment
Latest News
- Goa’s growth rate declining; agro and fishing in crisis
- Once again, Parsekar presents a surplus budget of Rs 159 Cr
- Budget Highlights 2016
- Who is destabilising Goa? Dr Claude or Mr Parsekar?
- CAG had raised eyebrows over JICA project
- Need amendments for 'Make in India' success: Industry
- Jet Airways starts Goa-Abu Dhabi service
- Modi playing Parrikar with Kerala Syrians
- Only 5% OBC are Govt servants, no 'light' in 3800 houses
- Shinde has told states not to arrest Muslim criminals: Modi
Finance
- PM Modi withdraws Rs 500, Rs 1000 currency notes from midnight
- Petrol up by Rs 1.34, Diesel by Rs 2.37
- Goa would implement 7th Pay, provision made: CM
- Goa’s growth rate declining; agro and fishing in crisis
- Is it possible to implement 7th Pay Commission in Goa?
- Union cabinet approves 7th Pay report, 23.55% rise
- Parsekar reduces VAT on petrol to 15%, to keep it @ Rs 60
- Petrol up in India, Goa reduces VAT to bring it below Rs 60
- Petrol little cheap, Diesel becomes much cheaper
- Banks may cut interest rates in next few days
