The SBI group has seen its market share in bank deposits fall 100 basis points to 23.4% for the quarter ending December 2009 over the same period a year ago as a result of its efforts to reduce high-cost deposits. However, the group’s market share in credit rose marginally during the same period.
Data from RBI’s quarterly statistics on deposits and credit of scheduled commercial banks show that the SBI group now accounts for 23.8% of all bank lending, against 23.4% on December 2008. The market share of government-owned banks rose from 49% to 50.6%. Private banks’ share has come down from 18.7% to 17.8% during the same period. The market share of foreign banks and regional rural banks as on December 2009 stood at 5.3% (6.6%) and 2.5% (2.3%) respectively.
The market share of nationalized banks rose to 50.9% as on December 2009 from 48.3% a year ago. The market share of private banks also rose to 18.6% from 17.1% while the market share of foreign bank and rural regional banks stood at 5.5% and 3%, almost flat.
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