Banks’ deposits edge up to Rs30.71tr in August

By MG News | September 05, 2024 at 03:20 PM GMT+05:00

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September 05, 2024 (MLN): The total deposits held by scheduled banks have moved up by 0.4% to Rs30.71 trillion as of August 2024 compared to last month, according to weekly data released by the central bank as of August end.

On a yearly basis Banks' deposits have increased by 17.6% compared to Rs26.11tr in August 2023.

Total advances increased by 0.25% to Rs11.81tr compared to Rs11.78tr from a year ago. On a monthly basis, advances decreased by 0.56% from their value of Rs11.87tr in July 2024.

Advances to Deposit Ratio (ADR) stood at 38.44% showing a decrease of 666 bps on a yearly basis, while showing a decrease of 36 bps on a monthly basis.

Total Investments of Scheduled Banks stood at Rs31.02tr compared to Rs22.02tr from a year ago and Rs30.43tr from a month ago, showing a YoY increase of 40.88% and a MoM increase of 1.92%.

Investment to Deposit Ratio (IDR) moved up by 1,666 bps to 100.99% compared to August 2023 and increased by 155 bps when compared to a month ago.

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