Banking & Finance

Spread of Banking – All India and State level
As per State Level Bankers Committee (SLBC) data, the total number of bank branches in Kerala as on March 2019 is 7,421 including public sector commercial banks, private sector commercial banks, regional rural banks, small finance banks and co-operative banks. Of the total number of bank branches only 6.5 per cent are in rural areas. 62.4 per cent of the total bank branches are in semi urban areas and the balance 31.1 per cent are in urban areas. As per SLBC report, Kerala has a total of 6,284 scheduled commercial bank branches (which includes only public sector commercial banks, regional rural banks and private sector commercial banks) as on March 2019 as against 6,256 bank branches as on March 2018, which shows a hike of 0.5 per cent. The total number of branches of Kerala Gramin Bank increased to 633 in March 2019 from 630 in March 2018. As per RBI Quarterly statistics, March 2019, total number of bank branches all over India is 1,41,756. Uttar Pradesh has the largest number of banks followed by Maharashtra and Tamil Nadu. Kerala has the largest number of bank branches (4,592) among the semi-urban areas in the country.
Co-operative banking sector in Kerala
The Kerala State Co-operative Bank (KSCB) being the central financing agency acts as the lender of last resort to the District Co-operative Banks (DCBs). Besides this, the Bank finances the Apex Cooperative Institutions and extends direct credit to individuals. The KSCB provides assistance in the form of Short Term Credit, Medium Term Credit and Long Term Credit for the constituents as per their requirements. Also it acts as a central balancing centre to absorb surplus funds of DCBs, PACS and other Cooperative institutions. According to SLBC data for March 2019, out of a total of 7,421 bank branches 995 branches are in the co-operative banking sector. Of the total 995 branches in the co-operative sector 117 are in rural, 38 are in semi-urban area and 840 are in urban area. 
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Source : Economic Review 2019