Bank deposits jump by 10.7 percent over the year

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

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	179,034.93 513.44M	1.52% 2679.44
ALLSHR	107,392.74 1,107.91M	1.22% 1297.66
KSE30	55,017.41 279.74M	1.86% 1007.08
KMI30	254,699.07 209.00M	1.60% 4013.10
KMIALLSHR	69,477.96 622.48M	1.19% 818.48
BKTi	50,802.42 123.06M	2.40% 1189.90
OGTi	36,086.91 28.98M	2.36% 830.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,530.00	91,555.00 88,720.00	2645.00 3.01%
BRENT CRUDE	60.80	61.38 60.01	-0.05 -0.08%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.55 0.64%
ROTTERDAM COAL MONTHLY	98.15	98.15 97.40	1.25 1.29%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.33	57.93 56.60	-0.09 -0.16%
SUGAR #11 WORLD	14.60	15.05 14.57	-0.41 -2.73%