Bank deposits jump by 10.7 percent over the year

By 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	130,686.66 280.01M	0.26% 342.63
ALLSHR	81,305.25 897.01M	0.35% 281.26
KSE30	39,945.45 114.02M	0.09% 37.19
KMI30	190,698.05 148.61M	0.61% 1163.05
KMIALLSHR	55,074.15 495.43M	0.53% 290.50
BKTi	34,568.40 28.73M	-1.07% -372.33
OGTi	28,739.35 22.59M	1.57% 443.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,240.00	110,525.00 110,055.00	-175.00 -0.16%
BRENT CRUDE	68.79	68.89 68.71	-0.01 -0.01%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	-0.75 -0.76%
ROTTERDAM COAL MONTHLY	108.45	109.80 108.45	-0.55 -0.50%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.09	67.18 66.99	0.09 0.13%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%