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Banking Reform in India∗ - page 48 / 57

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48 / 57

-6.43

8.35

35.31

58.50

13.94

(1.27)

(2.68)

(7.37)

(9.21)

0.00

0.00

-0.08

-0.13

-0.17

23.65

(0.01)

(0.01)

(0.01)

(0.01)

0.00

-0.02

-0.02

-0.04

-0.02

8.35

(0.00)

(0.01)

(0.01)

(0.01)

0.00

0.08

-0.03

-0.07

-0.12

4.38

(0.01)

(0.01)

(0.01)

(0.01)

0.04

-0.01

-0.02

-0.02

-0.03

3.70

(0.00)

(0.00)

(0.00)

(0.00)

0.05

0.01

0.07

0.13

0.13

36.70

(0.00)

(0.01)

(0.01)

(0.01)

0.00

Unconditional

Large

Marginal

Marginal

Small

Test of

Meanb

Nationalized

Nationalized

Private

Private

Differencec

c. F-statistics and (in brackets) p values for the test of the hypothesis that the estimates for the “Marginal nationalized banks” and the “Marginal private sector banks” are the same.

Average Loan Size

48.32

Agriculture Share

0.11

Small Scale Industry Share

0.09

Rural Areas Share

0.12

Gov. Enterprises Share

0.03

Trade Tran. & Finance Share

0.21

Source: Authors’ calculations using credit data from Reserve Bank of India, Basic Statistical Returns, 1992, 1993, 1999, and 2000. a. Banks are divided into groups based on their status in 1980. “State banks” comprises the State Bank of India and its affiliates; “Large nationalized banks” comprises those banks that were nationalized in 1969; “Marginal nationalized banks” comprises those that were nationalized in 1980; “Marginal private sector banks” comprises the nine largest banks in 1980 that were not nationalized; “Small private sector banks” comprises the remainder of private sector banks in 1980.

c. The first column reports the unconditional average share of bank credit to the indicated sector; the second through the fifth columns report the estimated deviation in the share lent by each bank group from the share lent by the State Bank of India group, after controlling for the district in which the loan was issued. Standard errors, clustered by district, are in parentheses.

Table 3: Lending Behavior of Banks by Type of Bank Estimated Bank Group Effectsa

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