Deposit mobilisation slows down

Deposit mobilisation of banks and financial institutions — especially of commercial banks — has slowed down.

Deposit mobilisation of banks and financial institutions increased by 8.4 per cent (Rs 85.44 billion) in the nine months of the current fiscal year 2012-13, against an increase of 13.5 per cent (Rs 110.73 billion) in the same period of last fiscal year, according to the central bank.

"The deposit mobilisation of commercial banks, development banks and finance companies increased by 7.5 per cent, 10.9 per cent and 7.3 per cent, respectively, as compared to 15.8 per cent, 10.8 per cent and 1.6 per cent, respectively, in the same period of last fiscal year," it said, adding that deposit mobilisation of banks and financial institutions has increased by 17.5 per cent (Rs 163.30 billion) on a year-on-year basis amounting to Rs 1097.26 billion as of mid-April.