Banks’ deposits increase 20.1% YoY to Rs28.32tr in March

MG News | April 17, 2024 at 12:16 PM GMT+05:00

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April 17, 2024 (MLN): The total deposits held by scheduled banks have moved up by 20.11% YoY to Rs28.32 trillion in March 2024 compared to Rs23.58tr in March 2023.

According to data released by the SBP, Banks' deposits have edged higher by 1.56% MoM, compared to Rs27.89tr in February 2024.

Total advances increased by 1.09% to Rs11.96tr compared to Rs11.83tr from a year ago. On a monthly basis, advances decreased by 0.81% from their value of Rs12.06tr in February 2024.

Advances to Deposit Ratio (ADR) stood at 42.24% showing a decrease of 795 bps on a yearly basis and a decrease of 101 bps on a monthly basis.

Total Investments of Scheduled Banks stood at Rs26.27tr compared to Rs19.22tr from a year ago and Rs25.45tr from a month ago, showing a YoY increase of 36.71% and a MoM increase of 3.23%.

Investment to Deposit Ratio (IDR) moved up by 1126 bps to 92.76% compared to March 2023 and by 150 bps when compared to a month ago.

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