Reserve Bank of India

23 kb

Date : 11 Mar 1999

Tables

Table 1 : Trends in Guarantees of State Governments (Outstanding as at end-March)

											(Rs. crore)

	Name of the				1992	1993	1994	1995	1996	1997	1998	1999
	State											(April to
												September)

	(1)				(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)

1.	Andhra Pradesh*				3633	5021	5326	5848	4343	7947	9885	10469

2.	Assam				1008	1022	1022	945	1430	1430	1430	1430

3.	Bihar				1359	1477	1652	73	1184	525	525	525

4.	Gujarat				4514	5190	5387	6501	6519	6602	7274	7299

5.	Haryana*				1264	1526	1856	1811	2362	3749	4119	4119

6.	Himachal Pradesh*				370	482	502	495	798	989	1299	1299

7.	Jammu & Kashmir*				459	443	480	275	599	599	599	599

8.	Karnataka*				3057	2255	3640	3862	4669	4887	6122	6517

9.	Kerala				1744	2296	2320	3229	2082	2069	2466	2866

10.	Madhya Pradesh*				677	720	1890	287	440	3485	3485	3485

11.	Maharashtra				7351	6132	7305	7706	8127	7636	9933	12851

12.	Meghalaya				159	167	169	170	161	156	151	170

13.	Orissa*				1090	1333	1357	1484	1716	1919	2094	2292

14.	Punjab *				1303	1225	1517	2360	2525	6691	7044	7292

15.	Rajasthan*				2727	3143	3573	3929	4758	5754	6154	6454

16.	Tamil nadu*				2895	3205	3604	2128	3456	4339	4339	4637

17.	Uttar Pradesh				4257	4852	5135	5300	4730	4338	4503	4643

18.	West Bengal*				2450	2193	2299	2246	2893	2380	2480	2680

	Total				40318	42682	49035	48649	52792	65495	73902	79625

Note		(1)	:	Data from 1992 to 1997 has been compiled from Comptroller and Auditor General of India, Government of India, New Delhi.
		(2)	:	Data for the years 1998 and 1999 have been compiled from M/s. Kotak Mahindra Capital Company Ltd. and PRIME data source.
		*	:	Outstanding Guarantees include principal and interest components except for the year 1998 and 1999.

Table 2 : Net, Gross Market Borrowings and
Incremental Guarantees of State Governments


			(Rs. crore)

Year	Net Market	Gross Market	Incremental
	Borrowings	Borrowings	Guarantees

(1)	(2)	(3)	(4)

1992-93	3471	3805	2364

1993-94	3679	4145	6353

1994-95	5123	5123	-386

1995-96	5931	6274	4143

1996-97	6536	6536	12704

1997-98	7193	7749	8406

1998-99	9434	10848	5723
		(Full Year)	(Half Year)

Table 3 : Guarantees and Debt of State Governments (Outstandings)
										(% to SDP)

				1992					1997*

	Name of the State				Weighted Guarantee @	Col. (5) plus Col.(3)				(1/3)rd of Col. (7)	Col. (10) plus Col.(8)
	Name of the State	Guarantee	Debt	Total	Weighted Guarantee @		Guarantee	Debt	Total (7+8)
				(2+3)					Total (7+8)

	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)

1.	Andhra Pradesh	9.70	21.20	30.90	3.20	24.40	11.01	23.40	34.41	3.63	27.03

2.	Assam	9.50	42.20	51.70	3.14	45.34	8.51	34.57	43.07	2.81	37.37

3.	Bihar	5.40	42.50	47.90	1.78	44.28	1.41	48.71	50.12	0.46	49.18
									*
4.	Gujarat	17.30	27.10	44.40	5.71	32.81	12.93	25.03	37.95	4.27	29.29

5.	Haryana	8.60	21.80	30.40	2.84	24.64	12.50	21.73	34.22	4.12	25.85
									*
6.	Himachal Pradesh	12.40	49.10	61.50	4.09	53.19	17.65	63.04	80.70	5.83	68.87
									*
7.	Jammu & Kashmir	15.60	125.90	141.50	5.15	131.05	9.14	77.40	86.54	3.02	80.42

8.	Karnataka	11.40	19.80	31.20	3.76	23.56	9.72	22.57	32.29	3.21	25.78

9.	Kerala	11.60	34.40	46.00	3.83	38.23	7.27	40.10	47.37	2.40	42.50

10.	Madhya Pradesh	2.40	27.30	29.70	0.79	28.09	6.34	25.88	32.22	2.09	27.97

11.	Maharashtra	11.30	17.50	28.80	3.73	21.23	5.02	14.30	19.32	1.66	15.95
									*
12.	Meghalaya	17.65	26.81	44.46	5.82	32.63	10.30	31.91	42.21	3.40	35.31

13.	Orissa	8.70	42.10	50.80	2.87	44.97	8.53	47.40	55.93	2.82	50.21

14.	Punjab	6.40	39.00	45.40	2.11	41.11	16.30	37.70	54.00	5.38	43.08

15.	Rajasthan	13.60	32.70	46.30	4.49	37.19	13.74	34.11	47.85	4.53	38.64

16.	Tamil nadu	8.90	20.00	28.90	2.94	22.94	6.56	21.45	28.01	2.17	23.61

17.	Uttar Pradesh	7.40	30.90	38.30	2.44	33.34	4.21	33.25	37.45	1.39	34.64
									*
18.	West Bengal	6.70	24.60	31.30	2.21	26.81	2.40	18.32	20.72	0.79	19.11

	Average	10.25	35.83	46.08			9.08	34.49	34.10

*	: NSDP figures are estimated by assuming the growth rate in 1995-96.
@	: One-third of total guarantee as set out in column 2.
$	: Guarantee-SDP ratio assumed at the level of 1994-95.

Table 4: Guarantees of State Governments as Ratio to Consolidated Fund

			(per cent)

Name of the State		1994-95	1995-96

	(1)	(2)	(3)

1.	Andhra Pradesh	47.06	28.74
2.	Assam	18.60	21.40
3.	Bihar	0.90	13.00
4.	Gujarat	70.20	62.90
5.	Haryana	26.20	38.60
6.	Himachal Pradesh	24.60	27.70
7.	Jammu & Kashmir	8.00	16.10
8.	Karnataka	38.30	46.40
9.	Kerala	55.50	31.80
10.	Madhya Pradesh	2.50	3.70
11.	Maharashtra	41.20	41.00
12.	Meghalaya	20.46	21.03
13.	Orissa	28.90	30.10
14.	Punjab	30.70	32.00
15.	Rajasthan	50.90	39.20
16.	Tamil Nadu	18.00	27.60
17.	Uttar Pradesh	27.40	24.10
18.	West Bengal	21.60	25.20

	States Average	29.50	29.50

Table 5 : Public Sector bank Advances Guaranteed by State Governments (As on March 31, 1998)
					(Rs. crore)

	Name of the	Total	Amount	Guarantee	Payments
	State	Outstanding	Guaranteed	Invoked	Made

	(1)	(2)	(3)	(4)	(5)

1.	Andhra Pradesh	222.56	146.68	0.61	NIL

2.	Assam	67.02	53.63	18.51	NIL

3.	Bihar	0.20	4.33	NIL	NIL

4.	Gujarat	149.75	80.44	26.82	NIL

5.	Haryana	21.93	32.42	NIL	NIL

6.	Himachal Pradesh	4.44	4.76	1.60	NIL

7.	Jammu & Kashmir	1.66	0.70	0.70	NIL

8.	Karnataka	69.08	95.81	11.04	5.80

9.	Kerala	125.01	208.31	10.17	NIL

10.	Madhya Pradesh	26.08	33.98	4.49	NIL

11.	Maharashtra	50.45	92.92	5.78	4.00

12.	Nagaland	0	0.80	2.31	0.20

13.	Orissa	40.41	50.74	39.37	7.36

14.	Punjab	26.04	39.00	4.39	NIL

15.	Rajasthan	72.82	116.00	NIL	8.53

16.	Tamil nadu	33.46	38.13	0.46	NIL

17.	Tripura	62.95	58.92	60.70	NIL

18.	Uttar Pradesh	160.64	205.64	16.02	NIL

19.	West Bengal	143.19	77.39	48.55	14.27

	Grand Total	1277.69	1340.6	251.52	40.16

Table 6 : State-wise Arrears of Bonds reported by various banks: Bank-wise Position as on June 30, 1998
								(Rs.crore)

	Name of Bank	Assam	Bihar	Jammu & Kash.	Kerala	Meghalaya	U.P.	W.B.	Total

1.	Allahabad Bank	0.42	0.85	0.00	0.02	0.94	0.62	0.00	2.85
2.	Andhra Bank	0.05	0.27	0.00	0.20	0.00	0.82	0.00	1.34
3.	Bank of Baroda	4.54	9.27	0.03	0.00	1.77	3.50	0.00	19.11
4.	Bank of India	0.93	19.50	0.00	0.02	0.30	0.15	0.00	20.90
5.	Bank of Maharashtra	0.00	0.01	0.00	0.00	0.00	0.02	0.00	0.03
6.	Bank of Rajasthan	0.00	0.04	0.00	0.00	0.00	0.00	0.00	0.04
7.	Canara Bank	2.84	8.78	0.59	0.35	0.21	0.04	0.00	12.81
8.	Central Bank of India	3.43	20.29	0.00	0.11	0.90	0.57	0.76	26.05
9.	Corporation Bank	0.00	0.51	0.00	0.03	0.00	0.00	0.00	0.54
10.	Dena Bank	0.30	1.17	0.00	0.00	0.00	0.04	0.00	1.51
11.	Indian Bank	0.37	2.47	0.00	0.11	0.95	0.05	0.00	3.96
12.	Indian Overseas Bank	0.39	0.36	0.00	0.38	0.86	0.13	0.00	2.12
13.	Oriental Bank of Commerce	0.00	0.07	0.00	0.18	0.00	0.02	0.00	0.27
14.	Punjab National Bank	0.00	0.28	0.00	0.29	0.00	0.00	0.01	0.58
15.	Punjab & Sind Bank	0.00	3.45	0.00	0.10	0.00	0.01	0.03	3.59
16.	State Bank of India	80.40	99.16	1.94	0.74	10.80	22.60	7.83	223.47
17.	St. Bk. of Bikaner & Jaipur	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
18.	State Bank of Travancore	0.00	0.00	0.00	1.00	0.00	0.00	0.00	1.00
19.	Syndicate Bank	0.25	0.00	0.00	0.00	0.00	0.00	0.00	0.25
20.	The Federal Bank Ltd.	0.09	0.00	0.00	0.00	0.22	0.00	0.00	0.31
21.	UCO Bank	3.80	13.40	0.18	0.07	1.97	1.49	0.00	20.91
22.	Union Bank of India	0.21	1.70	0.00	0.21	0.53	0.11	0.00	2.76
23.	United Bank of India	4.67	8.65	0.00	0.00	0.97	0.07	4.39	18.76
24.	Vijaya Bank	0.01	0.00	0.00	0.00	0.10	0.00	0.00	0.11

	TOTAL	102.71	190.24	2.74	3.81	20.52	30.23	13.03	363.29

Table 7 : Guarantees of State Government as percentage to Revenue Receipts
								(Amount in Rs. Crore)

		State Guarantees			Revenue Receipts
Name of the State		1997	1998	1999	1997	1998	1999	Col. 2 as % to Col. 5	Col. 3 as % to Col. 6	Col. 4 as % to Col. 7

	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)


1.	Andhra Pradesh	7947	9885	10469	11193	13800	15635	71.00	71.63	66.96

2.	Assam	1430	1430	1430	3856	4721	5181	37.09	30.29	27.60

3.	Bihar	525	525	525	8038	10313	11679	6.53	5.09	4.50

4.	Gujarat	6602	7274	7299	9668	10921	13082	68.29	66.61	55.79

5.	Haryana	3749	4119	4119	6048	5717	6505	61.99	72.05	63.32

6.	Himachal Pradesh	989	1299	1299	1992	2118	2234	49.65	61.33	58.15

7.	Jammu & Kashmir	599	599	599	3690	4288	4376	16.23	13.97	13.69

8.	Karnataka	4887	6122	6517	9622	11417	13210	50.79	53.62	49.33

9.	Kerala	2069	2466	2866	6145	7629	8995	33.67	32.32	31.86

10.	Madhya Pradesh	3485	3485	3485	10014	11473	13320	34.80	30.38	26.16

11.	Maharashtra	7636	9933	12851	19255	21721	23819	39.66	45.73	53.95

12.	Meghalaya	156	151	170	73046	94545	96186	21.36	15.93	17.65

13.	Orissa	1919	2094	2292	4287	5047	5706	44.75	41.48	40.16

14.	Punjab	6691	7044	7292	5569	7074	8512	120.14	99.57	85.66

15.	Rajasthan	5754	6154	6454	7560	8714	10209	76.11	70.62	63.22

16.	Tamil Nadu	4339	4339	4637	11961	13418	15379	36.28	32.34	30.15

17.	Uttar Pradesh	4338	4503	4643	16029	17478	20478	27.07	25.77	22.67

18.	West Bengal	2380	2480	2680	8227	9764	11618	28.93	25.40	23.07

	Total	65495	73902	79625	143884	166558	190900	46.00*	44.00*	42.00*

*	Average

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2023

2022

2021

2020

2019

2018

2017

2016

2015

Reports

Table 1 : Trends in Guarantees of State Governments(Outstanding as at end-March)

Table 2 : Net, Gross Market Borrowings and Incremental Guarantees of State Governments

Table 3 : Guarantees and Debt of State Governments(Outstandings)

Table 4: Guarantees of State Governments as Ratio to Consolidated Fund

Table 5 : Public Sector bank Advances Guaranteed by State Governments(As on March 31, 1998)

Table 6 : State-wise Arrears of Bonds reported by various banks: Bank-wise Position as on June 30, 1998

Table 7 : Guarantees of State Government as percentage to Revenue Receipts

Table 1 : Trends in Guarantees of State Governments
(Outstanding as at end-March)

Table 2 : Net, Gross Market Borrowings and
Incremental Guarantees of State Governments

Table 3 : Guarantees and Debt of State Governments
(Outstandings)

Table 5 : Public Sector bank Advances Guaranteed by State Governments
(As on March 31, 1998)

Table 6 : State-wise Arrears of Bonds reported by various banks:
Bank-wise Position as on June 30, 1998