KARACHI: The deposits of banking system hit all-time high of Rs14.672 trillion by end of January 2020 owing to higher returns on attractive interest rates. According to State Bank of Pakistan (SBP), the deposits of banking system grew by 12.36 percent to Rs14.672 trillion by January 2020 as compared with Rs13.057 trillion in the same […]

KARACHI: The deposits of banking system have increased to all time high of Rs14.63 trillion by December 2019, according to data released by State Bank of Pakistan (SBP). The deposits have increased by 9.58 percent to Rs14.63 trillion by December 2019 as compared with Rs13.35 trillion in the same month of the last year. Analysts […]

KARACHI: The bank deposits by wholesale trade sharply increased by 240 percent in November 2019 owing to higher interest rate and abolishing withholding tax rate on cash withdrawal, market sources said on Wednesday. According to data released by State Bank of Pakistan (SBP) on December 17, 2019, the bank deposits by wholesale trade increased to […]

KARACHI: The State Bank of Pakistan (SBP) on Thursday directed banks to prepared a comprehensive depositor-wise database/ Management Information System. A key element of the information system is its capacity to calculate, on any given date, total liability of a bank towards each of its depositors including any interest/ profit accrued on such deposits and […]

KARACHI: The State Bank of Pakistan (SBP) has said that the deposits of banks registered 9.55 percent growth in 2018, which is the lowest since year 2008. The SBP in its Financial Stability Review (FSR) 2018 said that the steady growth in deposits is pivotal for the banks as it is the major source of […]

KARACHI: The deposits of banking system has declined by 2.22 percent to Rs13.057 trillion by end of January 2019 as compared with Rs13.35 trillion as of December 31, 2018. According to data released by State Bank of Pakistan (SBP) on Monday, the deposits, however, increased in January 2019 by 8.8 percent when compared with Rs12 […]