Deposits at commercial banks fell by Rs 16 billion over the first fortnight of the fiscal year 2013/14.
Commercial banks had reported total deposits of Rs 1000.17 billion at the end of the last fiscal year when huge amount of public money flowed into the market due to rapid pace of development works. Now, the development activities have come to a standstill with the beginning of new fiscal year leading to increasing withdrawal of deposits from the banks. Read More....