Third, with a substantial share of non-resident deposits, the deposit base is large which imparts a downward bias to the C-D ratio of the state. Having said that, there is no undermining the fact that there is scope for further credit expansion, particularly to the agriculture and the allied sector.
BIS central bankers’ speeches  7  Despite the low incidence of poverty and high literacy, there is uneven distribution of credit across the state. Since self-employment accounts for about 32 per cent (NSSO 64th Round) of the total employment in the state, further credit penetration is required to harness the demographic dividend.