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Wednesday, April 7, 2010 as of 11:14 AM ET

  • April 24, 2009 04:45 PM UTC by Liz Claman

    Canary in a Columbus Coalmine

    Folks, I’m a greenie since Day 1.  Growing up in California, my dad used to put water-displacing (read: water conserving) bricks in the toilet tanks in our house, all the while warning, “Kids, we have to do this. One day there won’t always be clean water or enough electricity.”

    So when I met Michael Morris, Chairman and CEO of American Electric Power back in March at the Wall Street Journal ECO:nomics green conference, I figured he would come out swinging against ANY regulation of the industry.

    American Electric Power (AEP) is the nation’s largest coal burner. The gigantic, Columbus-based utility is a behemoth in the industry and therefore, is at the forefront of corporate interest in government policy regarding EPA clean-air regulation and legislation.

    On Earth Day I thought, let’s bring him in.  Michael Morris spoke exclusively to Fox Business on Earth Day about how he views the Obama Administration efforts to clean up our environment and to regulate businesses that pollute.

    And I learned something I didn’t know about Mr. Morris. Watch the clip and you will too.



    US Fed News Service, Including US State News January 16, 2010 MUMBAI, India, Jan. 15 — Reserve Bank of India issued the following press release:

    The Reserve Bank of India released its ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks- September 2009′. The publication contains data relating to deposits and credit of scheduled commercial banks including regional rural banks (RRBs) as on last Friday of September 2009. The data are based on Basic Statistical Return (BSR)-7 giving branch-wise data, received from all scheduled commercial banks (including RRBs). see here bank of india


    Number of banked centres The number of banked centres served by scheduled commercial banks stood at 34,709. Of these centres, 28,095 were single office centres and 64 centres had 100 or more bank offices.

    Deposits and Credit of top 100/200 centres The top hundred centres, arranged according to the size of deposits accounted for 68.9 per cent of the total deposits and the top hundred centres arranged according to the size of bank credit accounted for 77.7 per cent of total bank credit. In September 2008, the corresponding share of top hundred centres in aggregate deposits and gross bank credit was 69.6 per cent and 79.0 per cent, respectively. Aggregate deposits of top hundred centres increased by 18.6 per cent in September 2009 over September 2008 compared to a growth of 20.0 per cent recorded a year ago. Growth rate of gross bank credit of top hundred centres at 10.5 per cent in September 2009 was much lower than 28.6 per cent growth recorded in September 2008.

    The top 200 centres in terms of aggregate deposits covered 31.7 per cent of the reporting offices and 73.9 per cent of aggregate deposits. The top 200 centres in terms of gross bank credit accounted for 81.2 per cent of gross bank credit and 31.3 per cent of reporting offices.

    Bank-group wise shares in deposits and credit Nationalised banks, as a group, accounted for 50.5 per cent of the aggregate deposits, while State Bank of India and its Associates accounted for 23.8 per cent. The share of other scheduled commercial banks, foreign banks and regional rural banks in aggregate deposits was 17.1 per cent, 5.6 per cent and 3.0 per cent, respectively. As regards gross bank credit, nationalised banks held the highest share at 50.5 per cent in the total bank credit followed by State Bank of India and its associates at 23.7 per cent and other scheduled commercial banks at 17.8 per cent. Foreign banks and regional rural banks had relatively lower share in the total bank credit at 5.5 per cent and 2.5 per cent, respectively. in our site bank of india

    Credit-Deposit ratio At the All-India level, the credit-deposit (C-D) ratio of all scheduled commercial banks as on last friday of September 2009 stood at 70.3 per cent. Among the States/Union Territories, the highest C-D ratio was observed in Chandigarh (121.7 per cent) followed by Tamil Nadu (110.9 per cent). At the bank group level, the C-D ratio was above the All-India ratio in respect of other scheduled commercial banks (73.0 per cent). The C-D ratio in case of nationalised banks (70.3 per cent) was at the same level as all SCB C-D ratio. The C-D ratio of State Bank of India and its associates (70.0 per cent), foreign banks (68.8 per cent) and regional rural banks (58.9 per cent) were lower than the all SCB C-D ratio. C-D ratio of All Scheduled Commercial Banks in metropolitan centres was the highest (82.6 per cent) followed distantly by rural centres (57.9 per cent) and urban centres (56.1 per cent). The semi-urban centres recorded the lowest C-D ratio at 49.8 per cent.

    Distribution of bank offices

about this blog

  • Liz Claman joined FOX Business Network (FBN) as an anchor in October 2007. Her debut included an exclusive interview with Berkshire Hathaway CEO and legendary investor Warren Buffett.

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