Bank deposits jump by 10.7 percent over the year

M Muzammil Hemani | July 04, 2019 at 06:06 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 4, 2019 (MLN): The total deposits in scheduled banks took a leap of 10.7% on a year-on-year basis in June 2019, versus a 10% YoY rise in total advances for the same period.

The overall deposits during the month logged in at Rs.14.5 trillion while the advances stood at a sum of Rs.8 trillion.

Due to the latest hike of 150 bps in monetary policy rate on May 20, 2019 which brought it to 12.25%, the deposits have increased by 7.4% over the month while the advances only grew by 0.9% as banks and consumers displayed rational behavior and opted for saving rather than spending.

Meanwhile, the total investment by these banks came down from Rs.8.2 trillion last June to Rs.7.6 trillion thus marking a decline of 6.7% over the year.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	61,810.00	61,900.00 60,590.00	1975.00 3.30%
BRENT CRUDE	73.02	73.51 72.24	-0.72 -0.98%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.50 0.44%
ROTTERDAM COAL MONTHLY	126.50	126.50 125.90	0.50 0.40%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	69.88	70.21 69.05	-0.46 -0.65%
SUGAR #11 WORLD	13.98	14.03 13.94	-0.04 -0.29%