December 11, 2023 (MLN): The total deposits held by scheduled banks have moved up by 17.88% YoY to Rs.26.79 trillion in November 2023 compared to Rs.22.73 tr in November 2022.
Accoring to data released by the SBP, Banks deposits have edged higher by 1.52% MoM, compared to Rs.26.39 tr in October 2023.
Total advances increased by 7.86 % to Rs.11.96 tr compared Rs.11.09 from a year ago. On a monthly basis, advances increased by 0.56 % from its values of Rs.11.89 tr in October 2023.
Advances to Deposit Ratio (ADR) stood at 44.64% showing a decrease of 43 bps on a monthly basis and a decrease of 415 bps on a yearly basis.
Total Investments of Scheduled Banks stood at Rs.24.58 tr compared to Rs.23.23 tr from a month ago and Rs.18.48 tr from a year ago, showing a M.o.M increase of 5.83% and a Y.o.Y increase of 33.03%.
Investment to Deposit Ratio (IDR) moved up by 374 bps to 91.75% compared to October 2023 and increased by 1044 bps when compared to a year ago.
Copyright Mettis Link News
Posted on:2023-12-11T17:52:46+05:00
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