Banks face declining deposits with the start of a new year; Deposit declined by Rs 2 arba in the first week
Fri, May 3, 2019 12:31 PM on External Media, Latest, Stock Market,
With the start of the new year, deposits in banks have decreased throughout Baisakh. In the first week, banks suffered from loss of deposit worth Rs 2 arba whereas by the third week, the deposit amount declined by Rs 3 arba.
In the last week, even loan declined by Rs 1 arba. However, in the first week, loan distribution had increased by Rs 19 arba. Most of the banks have a CCD ratio at around 80 so banks will require new deposita to further distribute credit.
The deposit collection in banks decreased from last Chaitra onwards. In the last week of Chaitra, Rs 4 arba of deposits had declined.
Until 13th of Baisakh banks had total 26 kharba 95 arba deposits whereas 24 kharba 38 arba credits were distributed.