The drone attacks between India and Pakistan have shook the Indian stock market badly. The banking sector is also monitored by this as it has a large deposit base in the states on the border. According to the latest data of the Reserve Bank of India (RBI), according to the data up to March 2024, the Total Bank deposits of the country, Jammu and Kashmir, Punjab, Rajasthan, Gujarat and Himachal Pradesh, have a 12.81 percent stake in the country’s Total Bank deposits and it is at Rs 26.21 lakh crore. At the same time, Advan has 13.41 percent stake and it is at Rs 22.13 lakh crore.
How much stake in bank deposits of which state/union territory of the border?
First of all, let’s talk about Jammu and Kashmir, including Line of Control, its 3323 km border comes from Pakistan. J&K banks have a deposit of Rs 1.49 lakh crore, which holds 0.73 per cent stake in the total deposits of the country. Apart from this, the advan is Rs 73,879 crore, which is 0.45 percent of the total advan of the country. SBI and Jammu and Kashmir co-operative banks dominate here.
Talking about Punjab, its 547 km border is bordered by Pakistan. Punjab holds 3 per cent (Rs 6.14 lakh crore) in the total deposits of the country and Rs 3.24 per cent (Rs 5.35 lakh crore) in the loan. Large and regional rural banks like PNB and Punjab Gramin Banks in Punjab distribute loans to farmers of wheat and chavan. Along with this, small industries of Ludhiana and Jalandhan.
Talking about Rajasthan, it is 1035 km from Sindh and Punjab province of Pakistan. It holds 3.41 per cent (Rs 6.98 lakh crore) in the total deposits of the country and Rs 3.79 per cent (Rs 6.25 lakh crore) in Advance. Rajasthan Co-operative Bank has a major role in Rural Credit in Rajasthan.
Talking about Gujarat, its 508 km border is bordered by Pakistan. Gujarat is the highest in all the states of India on the border of Pakistan. It holds 5.27 per cent (more than Rs 10.8 lakh crore) and 5.73 per cent (Rs 9.45 lakh crore) in the total deposits of the country. The Gujarat State Co-operative Bank and HDFC Bank have a lot of dominance in areas of Ahmedabad, Surat and Kutch.
Another state is Himachal Pradesh, whose border is not available from Pakistan but it is also sensitive due to being engaged in Jammu and Kashmir and Punjab. It holds a share of 0.4 per cent (Rs 81,840 crore) in the total deposits of the country and 0.2 per cent (Rs 32,736 crore) in Advance. Rural banks and co-operative banks dominate here.
India vs Pak: How is the situation right now?
The districts located on the country are high alerts in Amritsar, Ferozepur and Pathankot. Schools have been ordered to be closed and people have been asked to stay in homes. On the night of 8 May, India thwarted the Pakistani army’s attempt to attack military bases from missiles and drones at Jammu, Pathankot, Udhampur and some other places. A day earlier, India started Operation Sindoor and attacked nine terrorist bases in Pakistan and Pakistan -occupied Kashmir, nearly two weeks after the murder of 26 people in a terrorist attack in Pahalgam area of Kashmir on 22 April.
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