The growth of total deposits with the land banking system experienced an upward trend in recent months mainly due to the higher inflow of remittances, reducing the net savings certificates and sluggish stock market.
Bank Deposit increased to around 14 per cent to TK 4238.88 billion on October 6, 2011 against TK 4140.53 billion on June 30 this year as the annual growth rate of the deposit to 11.22%, as the Central Bank statistics.
"Deposit growth rate relatively higher than the credit growth in the banking sector the normal economic activities in the country, has in recent months," said a senior official of Bangladesh Bank (BB) the FE Sunday.
Credit growth, especially in the private sector, increased 3444.49 billion in the period under review of TK by 8.80% to TK 3362.23 billion on June 30 last when the annual growth rate was 6.20 per cent.
He also said that the Central Bank has calculated growth rates with a benchmark, that in view of the situation on 30 December in money and stock markets.
"We the growth of bank deposits and loans have calculated in the light of the volatile situation in money and stock markets on 30 December last,", said the central bankers, added that the BB wants a convergence between growth of loans and increase of the deposit.
"The Central Bank set relationship between credit deposits (CDR) with 85 percent for conventional banks has already during sharia-based Islamic banks, it is 90 percent as a secure border," the BB official noted.
Have at least 16 banks, by a total 47, their CDR for credit payments on October 06, exceeded the BB data showed.
"We are exactly that watching any risk to avoid CDR positions of commercial banks a total", said the central bankers, added that the BB issues Letters, turn off your CDR within a secure questions the banks down.
Conversation with the vu, said senior private banker, higher inflow of remittance to increased bank deposit has contributed in recent months.
Bangladesh received 2.96 billion $ transfers July-September of the current fiscal year (FY), register period a 11.35 percent as growth in the corresponding period of last fiscal year the BB data showed.
About credit flow, he also said, that most banks selective banks, instead of 'Mass banking' followed statement (MPS) in the period under review in accordance with the BBs latest monetary policy.
In its latest half-yearly report of m/S, the Central Bank said that it would aim, with inflationary pressures by discouraging credit flow to unproductive sectors and for speculative purposes, including real estate and investment in the stock market, affordable limits.
"We are now to discourage investments in less productive sectors including consumer credit," said a leading private bank of commercial an other senior officials.
Net sales of the national savings Directorate (NSD) certificates fell drastisch-- more than 69%-TK 3,37 billion in July-August period of FY-12 against TK 10.98 billion during the same period of FY 11.
"Some depositors their funds with the banks savings deposited after redemption at maturity of their testimony,", said the private banker, adding that investors have their money with banks even after the share market debacle have deposited.
Stock exchange of the country lost in the market capitalisation of all listed issues, leading to a decline in the index, in the last few months.
The benchmark index of the Dhaka stock exchange (DSE), best exchange of country-commonly known as DGEN--8918.51 point on December 05, showing DSE data came Sunday from the highest to 5077.13 point.
Source: thedailystar.net
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