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BANKING TRADE AND COMMERCE
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JOINT STOCK BANKS
Till the beginning of the present century there was not a single banking organisation in the Satara district. The first bank to be established at Satara was the Satara Swadeshi Commercial Bank, Ltd. It was established on the 20th August, 1907. Since that date there was a gradual development of banking organisations in the district. At present (i.e., by the end of 1958) there are fourteen joint-stock banks in this district. Out of them eight are the branch-offices of the banks which have got their registered offices outside the district. The names of all the banks in the district, their location and the years of their establishment are given below: — |
Name of the Bank. |
Location. |
Year of Establishment. | |
The State Bank of India |
Satara |
1956 |
The State Bank of India |
Phaltan |
-- | |
The State Bank of India |
Karad |
-- | |
The United Western Bank of India, Ltd. |
Satara |
1936 | |
The United Western Bank of India, Ltd. |
Lonand |
1954 | |
The United Western Bank of India, Ltd. |
Phaltan |
1958 | |
The Bank of Karad |
Karad |
1946 | |
The Bank of Karad |
Satara |
1951 | |
The Phaltan Bank, Ltd. |
Phaltan |
1918 | |
The Satara Swadeshi Commercial Bank, Ltd. |
Satara |
1907 | |
The Bank of Aundh, Ltd. |
Aundh |
1938 | |
The Bank of Aundh, Ltd. |
Ogalewadi |
-- | |
The Sangli Bank, Ltd. |
Karad |
-- | |
The New Citizen Bank of India |
Lonand |
-- |
All these banks including the State Bank of India provide the usual banking facilities to the public including the financing of trade and agriculture and storage and movement of agricultural produce. Besides these banks, there are several urban co-operative banks which operate in the district. But the facilities afforded by them are limited. The Satara District Central Co-operative Bank which was established in 1951, confines its activities to the co-operative field.
The main object of many of the joint-stock banks such as the Bank of Aundh or the Bank of Phaltan is to encourage the habit of banking especially in rural area and to cater to the needs of the public through its offices. The branches of the banks, are situated in the rural parts of the district that are financially very poor.
Stale Bank of India.
The State Bank of India was established quite recently in this district. At present it has three branches at the important towns viz. Satara, Karad and Phaltan. The State Bank undertakes the usual banking business. But as an agent to the Reserve Bank of India it also conducts Government business and affords remittance and exchange facilities to local banks and the public.
Other Banks.
The following tables reveal the financial operations of various joint-stock banks in the Satara district.
TABLE No. 9.
OWNERSHIP OF DEPOSITS FOR THE YEAR 1957. |
Deposits of |
Rs. 50,000 and above. |
Between Rs. 10,000 and Rs. 50,000. | |
No. of Accounts. |
Amount. | |
No. of Accounts. |
Amount. | |
|
A. Fixed Deposits. |
|
|
|
| |
1. |
Business |
-- |
-- |
11 |
2,06,100 | |
2. |
Personal |
-- |
-- |
57 |
8,71,900 | |
3. |
Public Institutions and Trusts |
1 |
55,000 |
1 |
37,000 | |
4. |
Others |
-- |
-- |
4 |
69,000 | |
Total |
1 |
55,000 |
73 |
11,84,000 | |
|
B. Current Account Deposits. |
|
|
|
| |
1. |
Manufacturing Concerns |
2 |
3.74,000 |
-- |
-- | |
2. |
Trading Concerns |
-- |
-- |
7 |
83,900 | |
3. |
Personal |
-- |
-- |
6 |
87,396 | |
4. |
Banking Companies |
-- |
-- |
8 |
1,74,300 | |
5. |
Others |
3 |
1,95,000 |
11 |
2,62,428 | |
Total |
5 |
5,69,000 |
32 |
6,08,024 | |
|
C. Savings Account Deposits. |
|
|
|
| |
1. |
Business |
-- |
-- |
2 |
20,313 |
|
2. |
Personal |
-- |
-- |
18 |
2,79,474 |
|
3. |
Banking Companies |
-- |
-- |
-- |
-- | |
4. |
Others |
-- |
-- |
3 |
61,700 |
|
Total |
-- |
|
23 |
3,61,487 |
TABLE No. 9-contd.
|
Deposits of |
Between Rs. 5,000 and Rs. 10.000. |
Between Rs. 1,000 and Rs. 5,000. | |
No. of Accounts. |
Amount. |
No. of Accounts. |
Amount. | |
|
A. Fixed Deposits. |
|
|
|
| |
1. |
Business |
2 |
17,300 |
6 |
11,800 | |
2. |
Personal |
184 |
10,44,200 |
522 |
8,93,901 | |
3. |
Public Institutions and Trusts |
1 |
5,501 |
2 |
4,000 | |
4. |
Others |
1 |
8,000 |
8 |
20,500 | |
Total |
188 |
10,75,001 |
538 |
9,30,201 | |
|
B. Current Account Deposits. |
|
|
|
| |
1. |
Manufacturing Concerns |
-- |
8,800 |
14 |
25,400 | |
2. |
Trading Concerns |
10 |
50,700 |
17 |
24,800 | |
3. |
Personal |
9 |
60,874 |
105 |
1,70,207 | |
4. |
Banking Companies |
3 |
20,300 |
2 |
2,700 | |
5. |
Others |
6 |
52,600 |
19 |
42,365 | |
Total |
29 |
1,93,274 |
157 |
2,65,472 | |
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C. Savings Account Deposits. |
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|
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| |
1. |
Business |
9 |
54,700 |
12 |
36,200 |
|
2. |
Personal |
86 |
5,88,948 |
503 |
7,15,693 | |
3. |
Banking Companies |
-- |
-- |
-- |
-- | |
4. |
Others |
-- |
-- |
42 |
99,272 |
|
Total |
95 |
6,43,648 |
557 |
8,51,165 |
TABLE No. 9-contd. |
Deposits of |
Rs. 50,000 and above- |
Between Rs. 10,000 and Rs. 50,000. |
|
No. of Accounts. |
Amount. |
No. of Accounts |
Amount. |
|
|
D. Other Deposits. |
|
|
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| |
1. |
Manufacturing Concerns |
-- |
-- |
-- |
-- |
|
2. |
Trading Concerns |
-- |
-- |
-- |
-- |
|
3. |
Personal |
-- |
-- |
-- |
-- |
|
4. |
Banking Companies |
-- |
-- |
-- |
-- |
|
5. |
Others |
1 |
3,80,000 |
-- |
-- | |
Total |
1 |
3,80,000 |
-- |
-- |
|
|
Total Deposits. |
-- |
-- |
-- |
-- |
|
1. |
Manufacturing Concerns |
2 |
3,74,000 |
-- |
-- |
|
2. |
Trading Concerns |
-- |
-- |
7 |
83,900 |
|
3. |
Personal |
-- |
-- |
81 |
12,38,770 |
|
4. |
Banking Companies |
-- |
-- |
8 |
1,74,300 |
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5. |
Business |
-- |
-- |
13 |
2,26,413 |
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6. |
Public Institutions and Trusts |
4 |
55,000 |
1 |
37,000 |
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7. |
Others |
7 |
5,75,000 |
18 |
3,93,128 |
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Total |
7 |
10.04,000 |
128 |
21,53,511 |
TABLE No. 9-contd.
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Deposits of |
Between Rs. 5,000 and Rs. 10,000. |
Between Rs. 1,000 and Rs. 5,000. | |
No. of Accounts. |
Amount. |
No. of Accounts. |
Amount. | |
|
D. Other Deposits. |
|
|
|
| |
1. |
Manufacturing Concerns |
-- |
-- |
-- |
-- | |
2. |
Trading Concerns |
-- |
-- |
-- |
-- | |
3. |
Personal |
-- |
-- |
-- |
-- | |
4. |
Banking Companies |
-- |
-- |
-- |
-- | |
5. |
Others |
-- |
-- |
-- |
-- | |
Total |
-- |
-- |
-- |
-- | |
|
Total Deposits. |
-- |
-- |
-- |
-- | |
1. |
Manufacturing Concerns |
1 |
8,800 |
14 |
25,400 | |
2. |
Trading Concerns |
10 |
50,700 |
17 |
24,800 | |
3. |
Personal |
279 |
16,94,022 |
1,130 |
17,79,801 | |
4. |
Banking Companies |
3 |
20,300 |
2 |
2,700 | |
5. |
Business |
11 |
72,000 |
18 |
48,000 | |
6. |
Public Institutions and Trusts |
1 |
5,501 |
2 |
4,000 | |
7. |
Others |
7 |
60,600 |
69 |
1,62,137 |
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Total |
312 |
19,11,923 |
1,252 |
20,46,838 |
TABLE No. 9-contd. |
Deposits of |
Between Rs. 500 and Rs. 1,000 |
Rs. 500 and below. |
Total. |
|
No. of Accounts |
Amount |
No. of Accounts. |
Amount |
No. of Accounts. |
Amount. |
|
A. Fixed Deposits. |
|
|
|
|
|
|
1. |
Business |
-- |
-- |
24 |
3,500 |
43 |
2,38,700 |
2. |
Personal |
162 |
1,00,100 |
198 |
43,030 |
1,123 |
29,53,131 |
3. |
Public Institutions and Trusts |
1 |
1,000 |
2 |
400 |
8 |
1,02,901 |
4. |
Others |
-- |
-- |
38 |
2,700 |
51 |
1,00,200 |
|
Total |
163 |
1,01,100 |
262 |
49,630 |
1,225 |
33,94,932 |
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B. Current Account Deposits. |
|
|
|
|
|
|
1. |
Manufacturing Concerns |
2 |
1,600 |
10 |
4,200 |
29 |
4,14,000 |
2. |
Trading concerns |
1 |
700 |
128 |
14,175 |
35 |
1,74,275 |
3. |
Personal |
59 |
51,706 |
1,497 |
79,218 |
1,676 |
4,49,401 |
4. |
Banking Companies |
-- |
-- |
-- |
-- |
13 |
1,97,300 |
5. |
Others |
2 |
1,500 |
33 |
2,469 |
74 |
5,56,362 |
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Total |
64 |
55,506 |
1,668 |
1,00,062 |
1,827 |
17,91,338 |
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C. Savings Account Deposits. |
|
|
|
|
|
|
1 |
Business |
54 |
29,200 |
549 |
33,322 |
626 |
1,73,735 |
|
2 |
Personal |
223 |
1,84,088 |
5,068 |
3,62,350 |
5,898 |
21,30,553 |
3. |
Banking Companies |
-- |
-- |
-- |
-- |
-- |
-- |
4. |
Others |
-- |
2,511 |
120 |
20,481 |
168 |
1,83,964 |
|
Total |
280 |
2,15,799 |
5,737 |
4,16,153 |
6,692 |
24,88,252 |
TABLE No. 9—contd. |
Deposits of |
Between Rs. 500 and Rs. 1.000 |
Rs. 500 and below. |
Total. | |
No, of Accounts. |
Amount. |
No. of Accounts. |
Amount. |
No. of Accounts. |
Amount. | |
|
D. Other Deposits. |
|
|
|
|
|
| |
1. |
Manufacturing Concerns |
-- |
-- |
-- |
-- |
-- |
-- | |
2. |
Trading Concerns |
-- |
-- |
-- |
-- |
-- |
-- | |
3. |
Personal |
-- |
-- |
-- |
-- |
-- |
-- | |
4. |
Banking Companies |
-- |
-- |
-- |
-- |
-- |
-- | |
5. |
Others |
-- |
-- |
-- |
-- |
1 |
3,80,000 | |
Total |
-- |
-- |
-- |
-- |
1 |
3,80,000 | |
|
Total Deposits. |
|
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|
|
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| |
1. |
Manufacturing Concerns |
2 |
1,600 |
10 |
4,200 |
29 |
4,14,000 | |
2. |
Trading Concerns |
1 |
700 |
128 |
14,175 |
163 |
1,74,275 | |
3. |
Personal |
444 |
3,35,894 |
6,763 |
4,84,598 |
8,697 |
55,33,085 | |
4. |
Banking Companies |
-- |
-- |
-- |
-- |
13 |
1,97,300 | |
5. |
Business |
54 |
29,200 |
573 |
36,822 |
669 |
4,12,435 | |
6. |
Public Institutions and Trusts |
1 |
1,000 |
2 |
400 |
8 |
1,02.901 | |
7. |
Others |
5 |
4,011 |
191 |
25,650 |
294 |
12,20,526 |
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Total
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507 |
3,72,405 |
7,667 |
5,65,845 |
9,873 |
80,54,522 |
TABLE No. 10.
ANALYSIS OF ADVANCES OF SCHEDULED AND NON-SCHEDULED BANKS ACCORDING TO PURPOSE. |
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Year ended 1955. |
Year ended 1957. | |
Number of Accounts. |
Amount Rs. |
percentage to total advances. |
Number of Accounts. |
Amount Rs. |
Percentage to total advances. | |
I. |
Industry |
35 |
11,06,400 |
34.97 |
36 |
13,04,000 |
36.44 | |
II. |
Commerce |
323 |
12,21,570 |
38.61 |
293 |
12,22,527 |
34.16 | |
III. |
Agriculture- |
10 |
19,558 |
0.61 |
8 |
20,298 |
0.56 | |
IV. |
Personal and Professional |
1,262 |
6,27,144 |
19.82 |
1,567 |
7,73,040 |
21.60 | |
V. |
All others |
459 |
1,89,517 |
5.99 |
845 |
2,59,049 |
7.24 |
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Total |
2,089 |
31,64,189 |
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2,749 |
35,78,914 |
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TABLE No. 11.
ANALYSIS OF ADVANCES OF SCHEDULED AND NON-SCHEDULED BANKS ACCORDING TO SECURITY. |
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Year ended 1955. |
Year ended 1957. | |
Number of Accounts. |
Amount Rs. |
Percentage to total advances. |
Number of Accounts. |
Amount Rs. |
Percentage to total advances. | |
1. Secured Advances— | | | | | | | |
(1) Government and Trustee securities |
13 |
1,000 |
0.30 |
9 |
5,000 |
0.14 | |
(2) Shares and debentures of Joint-Stock Companies etc. |
32 |
44,300 |
1.40 |
29 |
64,000 |
1.79 | |
(3) Gold and Silver Bullion, Gold and |
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