IntraFi’s Post

The total deposits held by scheduled banks have moved up by 21.66% YoY to Rs27.89 trillion in February 2024 compared to Rs22.92tr in February 2023. According to data released by the SBP, Banks' deposits have edged higher by 1.26% MoM, compared to Rs27.54tr in January 2024. Total advances increased by 2.9% to Rs12.06tr compared to Rs11.72tr from a year ago. On the monthly basis, advances decreased by 0.27% from their value of Rs12.09tr in January 2024. Read the full story at: https://lnkd.in/ezE-UEba

The total deposits held by scheduled banks have moved up by 17.9% from a year ago to Rs30.78 trillion in August 2024 compared to Rs26.11tr in August 2023.

Since beginning of 2020, total deposits have increased by 30.4% at large banks and 40.2% at small banks ... former roughly unchanged since mid-2021; latter roughly unchanged since mid-2022 

Banks’ deposits fall over Rs500bn in July The total deposits held by scheduled banks have decreased by Rs518 billion or 1.7% to Rs30.6 trillion in July 2024 compared to last month, data released by the SBP showed. On a yearly basis, deposits have moved up by 19.1% compared to Rs25.7tr in July 2023. Read the full story at https://lnkd.in/dG3sG5r9

#Q1WithNDTVProfit: #HDFCBank net profit drops 2% QoQ; #KotakMahindraBank Q1 profit rises 81% on stake sale windfall. Here's what analysts make of the major banks' Q1 results. #NDTVProfitLive

Want to know the total value of CDs held by US banks as of March 31, how that value compared to the previous quarter, and more? Check out this news piece by S&P Global:

Banks: All-time high interest rates take NPL accretion at 14-year high. Here is our research for March 27, 2024. #JSGlobal #ExceptionalValuesProductsServices

ID bank market growing, major banks see jump in profit in Q1 24. With Q2 coming to a close, banks are confident with the current market conditions.

When a bank's Net Interest Margin (NIM) is already shrinking due to rising costs of funds, it could face further compression if interest rates are expected to be cut in the coming months. How banks manage their NIM will be crucial.

The Asymmetric Corridor of +100/-700 basis points around the MPR” simply means that the Central bank will lend to commercial banks at 23.75% (22.75 + 100). But it will borrow from commercial banks at 15.75% (22.75-700). Remember that when you see +100 basis points, it means 1%. And when you see -700 basic points, it means -7%. By this. the CBN is telling the commercial banks not to keep their cash with the CBN & earn so little (15.75%). The CBN is telling the banks to go out there & find lenders in the real sectors so that the banks could earn higher interests. If the Central bank wants to reduce the cash in circulation, it can adjust this corridor, then pay the commercial banks higher rates, & the banks will move their cash away from their vaults to the CBN, therefore reducing the cash in circulation & inflation as well.