The FY 2011-12 has seen a global economic crisis and the GDP fell 2% below the previous year's 8.5 to 6.5%.
The entire economic condition has affected the banking sector adversely. The growth in advances and deposits were thinner than the previous year. The deposits for the year grew by 13.4% against 15.9% year before; similarly advances grew by 17% compared with 21.5 in FY10.
However, a comparison of NBs and NPBs shows latter outshining the former. NBs deposits grew by 15%, 1.3% below NPBs' 16.3%, while the advances grew by 18.1% for NBs against NPBs' 20.1%.
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