Annual Comparison of Banking Industry of Pakistan and India - Money

Annual Comparability of Banking Trade of Pakistan and India – Cash

Economy By Aug 29, 2023 No Comments



In the course of the monetary 12 months 2022-23, India’s non-public sector credit score (GDP) was recorded at 50.40 % whereas Pakistan’s at 14.80 %.

A comparability between the banking trade of Pakistan and India for FY2023-2022 has been introduced in a report, in keeping with which authorities borrowing from banks in Pakistan was $7.6 billion, whereas authorities borrowing in India was $169 billion.

In accordance with the information, 387 million cellular banking transactions have been performed in Pakistan whereas India recorded 8,841 million transactions.

In accordance with the report, monetary inclusion in Pakistan was 25.30 % whereas in India it was 79.70 %, complete property of Pakistani banks have been recorded at 105 billion {dollars} and complete property of Indian banks have been recorded at 2.6 trillion {dollars}.

Final fiscal 12 months, Pakistan’s public sector financial institution property have been $65 billion, in comparison with India’s $1.6 trillion, Pakistan’s scheduled banks’ deposits have been $72 billion, and India’s $2.2 trillion.

The report acknowledged that Pakistan’s foreign exchange reserves have been recorded at 13 billion {dollars} whereas India’s at 602 billion {dollars}.

The an infection price in Pakistan was 9.30% whereas in India it was 7.50%.

Within the final fiscal 12 months, complete financial institution accounts in Pakistan have been recorded at 65 million in comparison with 2.2 billion in India and the full variety of ATMs in Pakistan elevated by greater than 15000 whereas in India this enhance was recorded by greater than 250000.



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