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Top 10 Banks in Lending to Minorities as on 31st December, 2014

September 18, 2015 Author : Kr Pawan

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Banks have been contributing to the growth of the Priority Sector of India by extending credit to them on favourable terms, in accordance with the policies of the Government of India. The amount of lending to minorities by the Public Sector Banks (PSBs) was Rs. 260412.26 crores as on 31st December, 2014. The share of minorities community lending (MCL) outstanding was 16.02% of total Priority Sector Lending (PSL) by PSBs i.e. Rs. 1625758.33 crores as on 31st December, 2014.

Top 10 banks in lending to minorities under priority sector lending as on 31st December, 2014 were: State Bank of India, Canara Bank, Punjab National Bank, Bank of India, Bank of Baroda, State Bank of Travancore, Union Bank of India, Central Bank of India, Indian Overseas Bank and Allahabad Bank.

The amount of lending to minorities by State Bank of India was Rs. 56153 crores as on 31st December, 2014. The share of minorities community lending (MCL) outstanding was 19.08% of total Priority Sector Lending (PSL) by State Bank of India as on 31st December, 2014. The amount of lending to minorities by Canara Bank was Rs. 21106 crores as on 31st December, 2014. The share of minorities community lending (MCL) outstanding was 18.71% of total Priority Sector Lending (PSL) by Canara Bank as on 31st December, 2014. The amount of lending to minorities by Punjab National Bank was Rs. 19647.77 crores as on 31st December, 2014. The share of minorities community lending (MCL) outstanding was 15.61% of total Priority Sector Lending (PSL) by Punjab National Bank as on 31st December, 2014.

The amount of lending to minorities by Bank of India was Rs. 17351.16 crores as on 31st December, 2014. The share of minorities community lending (MCL) outstanding was 19.17% of total Priority Sector Lending (PSL) by Bank of India as on 31st December, 2014. The amount of lending to minorities by Bank of Baroda was Rs. 14349.98 crores as on 31st December, 2014. The share of minorities community lending (MCL) outstanding was 14.51% of total Priority Sector Lending (PSL) by Bank of Baroda as on 31st December, 2014.

Note: Source: Public Sector Banks (PSBs); The data provides percentage of Minority Community Lending to Priority Sector Lending and the same is monitored under Prime Ministers 15 Point Programme; Data is Provisional.

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Source: Ministry of Finance, Department of Financial Services
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