Tuesday 16 January 2018
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thefinancialexpress
5 months ago

Term deposits decline on interest rate slump

Unrelenting fall in term deposits following decline in interest rates may turn the banks tightfisted in financing long-term investments as funds switch to alluring non-banks and consumption luxuries. Some bankers were of this view the term deposits with the countryand#39;s banking system decreased by nearly 4.0 percentage points to 53.6 per cent in the calendar year (CY) 2016 -- at minimum seven-year low in terms of percentages -- according to central bankand#39;s latest counts. Top executives at commercia

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