Financial Analysis of Himalayan Bank Ltd.

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Executive Summary 

This summer project is done on the topic of "Depository Management and Loan Investment of Himalayan Bank Limited ". The data collected for this project are primary as well as secondary. In this project, I have introduced the organization named Himalayan Bank Limited and have divided this study into three chapters. The first phase is about the general background of study, objectives of the study, problem statement, hypothesis, significance, limitation and research methodology.  In second phase, I have described about the Data Presentation and Analysis which includes the relevant qualitative and quantitative data and analysis is presented there. In third phase, I have presented the summary and conclusion. I have even attempted to drive meaningful findings and deliver useful suggestions and recommendations. 

During the project of this organization, I have found that the organization has strong name in the market as it is providing services to people through its 33 branches. It provides easy access loan in different sectors such as education, land and building, corporate/ business etc. It has various types of deposit products with favorable interest rate and other facilities. There is increment in deposit amount and loan investment yearly which depicts that the bank is performing well. It is able to cope with the latest technology. It helps in promoting new business either in big or small. The all deposit and loan service products are appropriate.  

Hence, in overall the company performance in the sector of depository management and loan investment is better. Bank should try to motivate to customer for deposit their money. And by proper analyzing the situation of borrowers, bank should provide the loan. And lastly bank has to open the branches in remote and rural areas as well to provide their better services. 

CHAPTER ONE 
INTRODUCTION 

  1. Background  
  1. Bank 
A bank is an institution that deals in money and its substitutes and provides other financial services. Banks accept deposits and provide loans as well as other services and facilities such as SMS Banking, ABBS service, ATM card, drafts etc. According to World Bank, “Banks are the financial institutions that fund in form of deposits repayable on demand or in short notice.” There are 4 classes of bank which are Commercial bank i.e. denoted by A, development bank i.e. B, Financial companies i.e. C, Micro credit development banks i.e. D.  
1.1.2 Commercial Bank 
A commercial bank is a type of financial intermediary and a type of bank. It is a bank that provides checking accounts, savings accounts, and money market accounts and that accepts time deposits. It does the processing of payments by way of telegraphic transfer, EFTPOS, internet banking, or other means, it issues bank drafts and bank cheques, it accepts money on term deposit, it lends money by overdraft, it provides documentary and standby letter of credit, guarantees, performance bonds, securities underwriting commitments and other forms of off balance sheet exposures and it does the cash management and treasury services etc. There are 31 commercial bank in Nepal.
Table no: 1 list of commercial bank in Nepal 
SN 
Name of bank 
Estd. Year 
Location 
1 
Nepal Bank Ltd. 
1937 
Kathmandu 
2 
Rastriya Banijya Bank Ltd. 
1966 
Kathmandu 
3 
Agriculture Development Bank Ltd. 
1968 
Kathmandu 
4 
Nabil Bank Ltd. 
1984 
Kathmandu 
5 
Nepal Investment Bank Ltd. 
1986 
Kathmandu 
6 
Standard Chartered Bank Nepal Ltd. 
1987 
Kathmandu 
7 
Himalayan Bank Ltd. 
1993 
Kathmandu 
8 
Nepal SBI Bank Ltd. 
1993 
Kathmandu 
9 
Nepal Bangladesh Bank Ltd. 
1994 
Kathmandu 
10 
Everest Bank Ltd. 
1994 
Kathmandu 
11 
Bank of Kathmandu Ltd. 
1995 
Kathmandu 
12 
Nepal Credit and Commerce Bank Ltd. 
1996 
Siddharthanagar, Rupandehi 
13 
Lumbini Bank Ltd. 
1998 
Narayangadh,Chitawan 
14 
Nepal Industrial & Commercial Bank Ltd. 
1998 
Biaratnagar,Morang 
15 
Machhapuchhre Bank Ltd. 
2000 
Pokhara, Kaski 
16 
Kumari Bank Ltd. 
2001 
Kathmandu 
17 
Laxmi Bank Ltd. 
2002 
Birgunj, Parsa 
18 
Siddhartha Bank Ltd. 
2002 
Kathmandu 
19 
Global Bank Ltd. 
2007 
Birgunj, Parsa 
20 
Citizens Bank International Ltd. 
2007 
Kathmandu 
21 
Prime Commercial Bank Ltd 
2007 
Kathmandu 
22 
Sunrise Bank Ltd. 
2007 
Kathmandu 
23 
Bank of Asia Nepal Ltd. 
2007 
Kathmandu 
24 
DCBL Bank Ltd. 
2008 
Kamaladi, Kathmandu 
25 
NMB Bank Ltd. 
2008 
Babarmahal, Kathmandu 
26 
Kist Bank Ltd. 
2009 
Anamnagar, Kathmandu 
27 
Janata Bank Nepal Ltd. 
2010 
New Baneshwor, Kathmandu 
28 
Mega Bank Nepal Ltd. 
2010 
Kantipath, Kathmandu 
29 
Commerz & Trust Bank Nepal Ltd. 
2010 
Kamaladi, Kathmandu 
30 
Civil Bank Ltd.  
2010 
Kamaladi, Kathmandu 
31 
Century Commercial Bank Ltd.  
2011 
Putalisadak , Kathmandu 

1.1.3 A brief history of Commercial Banks in Nepal 
Nepal's first commercial bank, the Nepal Bank Limited, was established in 1937. The government owned 51 percent of the shares in the bank and controlled its operations to a large extent. Nepal Bank Limited was headquartered in Kathmandu and had branches in other parts of the country. There were other government banking institutions. Rastriya Banijya Bank (National Commercial Bank), a state-owned commercial bank, was established in 1966. In the mid-1980s, three foreign commercial banks opened branches in Nepal. The Nepal Arab Bank was co-owned by the Emirates Bank International Limited (Dubai), the Nepalese government, and the Nepalese public. The Nepal Indosuez Bank was jointly owned by the French Banque Indosuez, Rastriya Banijya Bank, Rastriya Beema Sansthan (National Insurance Corporation), and the Nepalese public. Nepal Grindlays Bank was co-owned by a British firm called Grindlays Bank, local financial interests, and the Nepalese public. The economic liberalization policy adopted in the mid 1980s brought about a surge in the banking industry. A large number of banks were established and the number continues to grow even today. 
1.1.4. Investment in Loan 
An arrangement in which a lender gives money to a borrower, and the borrower agrees to return the property or repay the money, usually along with interest, at some future point(s) in time that is called loan.  A bank or any financial institutions invest their money in giving loan that is called investment in loan. In any business essentially, loan is taken for conducting business activities and to earn profits by utilizing it properly in efficient and effective way.  
1.1.5 Depository Management 
Deposit refers to the all amount of money of public which is kept by the bank after opening various types of accounts in bank. Depository management concern with the management of the all deposits of the public. Deposit is the main sources of fund for bank because bank utilize that all deposit fund in various activities such as investment in loan.  
 1.1.6 Himalayan Bank Ltd 
Introduction Himalayan Bank was established in 1993 in joint venture with Habib Bank Limited of Pakistan. Despite the cut-throat competition in the Nepalese Banking sector, Himalayan Bank has been able to maintain a lead in the primary banking activities- Loans and Deposits. Legacy of Himalayan lives on in an institution that's known throughout Nepal for its innovative approaches to merchandising and customer service. Products such as Premium Savings Account, HBL Proprietary Card and Millionaire Deposit Scheme besides services such as ATMs and Tele-banking were first introduced by HBL. With the highest deposit base and loan portfolio amongst private sector banks and extending guarantees to correspondent banks covering exposure of other local banks under its credit standing with foreign correspondent banks. All Branches of HBL are integrated into Globus (developed by Temenos), the single Banking software where the Bank has made substantial investments. This has helped the Bank provide services like ‘Any Branch Banking Facility’, Internet Banking and SMS Banking. Living up to the expectations and aspirations of the Customers and other stakeholders of being innovative, HBL very recently introduced several new products and services. Millionaire Deposit Scheme, Small Business Enterprises Loan, Pre-paid Visa Card, International Travel Quota Credit Card, Consumer Finance through Credit Card and online TOEFL, SAT, IELTS, etc. fee payment facility are some of the products and services. HBL also has a dedicated offsite ‘Disaster Recovery Management System’. Looking at the number of Nepalese workers abroad and their need for formal money transfer channel; HBL has developed exclusive and proprietary online money transfer software- Himal RemitTM. HBL is the biggest inward remittance handling Bank in Nepal.  
The Bank’s Vision: 
Himalayan Bank Limited holds of a vision to become a Leading Bank of the country by providing premium products and services to the customers, thus ensuring attractive and substantial returns to the stakeholders of the Bank.  
The Bank’s Mission: 
The Bank’s mission is to become preferred provider of quality financial services in the country. There are two components in the mission of the Bank; Preferred Provider and Quality Financial Services. 
The Bank’s Objective: 
To become the Bank of first choice is the main objective of the Bank. 
1.1.7 Banking services of Himalayan Bank Limited  
As HBL is a leading commercial bank of Nepal established in joint venture with Habib Bank Limited of Pakistan. HBL provides several banking services which has standardized the banking of Nepalese customers. HBL provides services appropriate to the current situation and has introduced new services those which are useful to the banking in Nepal. The various types of banking services that are offered by HBL currently can be described as following. 


a. Deposit 
Himalayan Bank offers a wide range of deposit products that caters to your requirement. HBL provides different interest rates on deposit, depending upon the nature of the deposit. The various type deposit provided by HBL are Fixed Deposit, Savings Deposit, Current Account, Premium Savings Account, Super Premium Savings Account, Call Deposit, Bishesh Savings Account, Recurring Savings Account, Jumbo Term Deposit 
b. Loans 
Himalayan Bank offers a wide range of tailor-made funded and non-funded credit facilities to suit funding requirements.HBL provides funded and non-funded as Corporate Loans. Bank also provides to the costumers as Retail/Consumers Loans in various forms like hire Purchase Loans, House Loans, Credit Card Loans, Subidha Loans, Loan Against Fixed Deposit Receipt, Loan Against Shares etc. also it provides loans to enterprises, both funded and non-funded Facility in range of Rs. 0.5 M to Rs. 40.0 M as Small & Medium Enterprises Loan. 
c. International Banking (LC)  
To assist its trading Customers, HBL offers Letter of Credit (LC) facilities. Customers can place their LC application in any of HBL Branches. The fees/charges are one of the lowest amongst the commercial banks of Nepal. The Customers enjoy wide correspondent network of Himalayan Bank in addition to the attractive rates.  
d. Himal Remit  
Himal Remit is a premium online customer focused and technology oriented Money Transfer product provided by HBL.. Himal Remit has the largest payment network covering all cities, towns and villages of the country and is capable of paying at more than thousand locations across Nepal which is in ever growing trend as per the demand of local customers and service providers.  
e. Safe Deposit Locker  
Looking at the varying needs/wants of the Customers, HBL offers locker facilities with sizes of Customer’s preference. Customers availing of this facility enjoy not only peace of mind in terms of security of their valuable belongings but also one of the most attractive rates and ease of location. 
f. Card Services  
HBL introduced the first Nepali Credit Card for the domestic market HBL Credit Card which was the most popular card in the country. Now HBL is offering Visa and MasterCard card, welcoming to a world of exclusive privileges and conveniences to match customer’s discerning taste. HBL also provide the most commonly used ATM Card services thought more than 55 ATM location over the Nepal.  
g. SMS Banking  
HBL has presented SMS Banking to take care of a host of customer’s banking needs without ever having to wait in queues. Using SMS Banking, customers can check their balance, status of cheque (encashed or not), last three transactions and the Bank’s foreign exchange rate. SMS banking of HBL can be done by sending SMS at 14777. 
h. Internet Banking 
It is simply doing many of your banking transactions using your PC and the Internet (subject to minimum browser restrictions). The advantages of internet banking are: No banking hours, no queues. Just banking from wherever connected, safely and securely. It's easy, convenient, and best of all, it's available anytime. It's for customers if they want to control their account. It’s free, once registered and received membership name and password customers will find many benefits to banking from home or office or elsewhere. 


  1. Statement of the problem 
  • Providing loan is the main function of commercial bank. Directly general public has been benefited from the proper utilizing of loan in assorted sectors with various purposes. And deposit is the main source of investment in loan for bank. Therefore, it is essential to come to know about the depository management and  investment in loan commercial bank. And HBL is one the leading commercial bank in Nepal. So, this study is mainly focused to find out about the loan investment and depository management of HBL. The knowledge derive from this study will be privileged and useful to public as well as others commercial bank.   
1.3 Objective of the study 
- To get the overall information about investment in loan of Himalayan bank.  
- To study about the depository management of Himalayan bank ltd. 
1.4. Significance of the study 
  1. This fieldwork is prepared to fulfill the objectives set forth by Pokhara University for the partial fulfillment of degree of BBA.   
  1. This fieldwork report might be useful for those who are willing to know about the depository management and loan investment of HBL. 
  1. This report also helps the students to gain and share some practical knowledge about loan and deposit. 
  1. This fieldwork also acts as guidelines for preparing small project reports. 
  1. This fieldwork report might be useful for the library purpose so that any student wanting to prepare a report on such field can have some idea and basic guidelines. 
1.5. Limitation of the study 
  1. The study is concerned with only HBL and it cannot be accurate unless compared with other such commercial banks. 
  1. Due to the unavailability of sufficient references and resources, most of the data used are of secondary type in forms of publications of the bank and other sources. 
  1. The project report has been prepared under the constraint of the limited time. So, it couldn’t be possible for depth analysis. 
  1. This project work is not suitable for future since it was done on the basis of only past fiscal years records. So, the future projections of the bank as per the fieldwork may not be effective. 
1.6 Literature review 
  As we know that today is the era of globalization and commercialization. Business is rapidly extending everywhere. So, the business environment has been more complex and challengeable. In today's business environment free economy has taken place. Each and every elements of market has vital role in executing economic activities and in conducting the tempo of economy. So, among them bank is also one of the major elements of money market which has played significant role in executing and sustaining economic activities as well as to attain the equilibrium in market and to run the economic cycle.  
A bank is an institution that deals in money and its substitutes and provides other financial services. Banks accept deposits and provide loans as well as other services and facilities such as SMS Banking, ABBS service, ATM card, drafts etc. According to World Bank, “Banks are the financial institutions that fund in form of deposits repayable on demand or in short notice.” There are 4 classes of bank which are Commercial bank i.e. denoted by A, development bank i.e. B, Financial companies i.e. C, Micro credit development banks i.e. D.  
A commercial bank is a type of It is a bank that provides checking accounts, savings accounts, and money market accounts and that accepts time deposits. financial intermediary and a type of bank. Nepal's first commercial bank, the Nepal Bank Limited, was established in 1937. The government owned 51 percent of the shares in the bank and controlled its operations to a large extent. Nepal Bank Limited was headquartered in Kathmandu and had branches in other parts of the country. There were other government banking institutions. Rastriya Banijya Bank (National Commercial Bank), a state-owned commercial bank, was established in 1966. In the mid-1980s, three foreign commercial banks opened branches in Nepal. The economic liberalization policy adopted in the mid 1980s brought about a surge in the banking industry. A large number of banks were established and the number continues to grow even today. There are 31 commercial bank in Nepal.  
As we already know that commercial banks have various functions. Among them loan investment and depository management is one of the major function of commercial bank. Depository management is concerned with the management to the all deposit collected by the bank as well as to manage the deposits services for enhancing and motivating the public for depositing their money in bank.  
Likewise, an arrangement in which a lender gives money to a borrower, and the borrower agrees to return the property or repay the money, usually along with interest, at some future point(s) in time that is called loan. A loan is a contract between a buyer (the borrower) and a seller (the lender) along with the terms and conditions for repayment of a loan, including the finance charge or interest rate, are specified in a loan agreement.  A bank or any financial institutions invest their money in giving loan that is called investment in loan. In any business essentially, loan is taken for conducting business activities and to earn profits by utilizing it properly in efficient and effective way.  While taking loan borrower has to follow up some procedures if those procedures are completely meets with the loan policy of commercial bank then the proposal of loan is passed by bank and bank provides loan to borrower. Among 33 commercial bank in Nepal, Himalayan bank ltd is one of the leading bank in Nepal. Himalayan Bank was established in 1993 in joint venture with Habib Bank Limited of Pakistan. Legacy of Himalayan lives on in an institution that's known throughout Nepal for its innovative approaches to merchandising and customer service. Products such as Premium Savings Account, HBL Proprietary Card and Millionaire Deposit Scheme besides services such as ATMs and Tele-banking were first introduced by HBL. 
Himalayan Bank Limited holds of a vision to become a Leading Bank of the country by providing premium products and services to the customers, thus ensuring attractive and substantial returns to the stakeholders of the Bank. To become the Bank of first choice is the main objective of the Bank. Mr. Manoj B. Shrestha is the chairman of board of directors of HBL and Mr. Ashok shamsher Jabara Rana is the CEO of the HBL. HBL provides several banking services which has standardized the banking of Nepalese customers i.e deposits, loans, international banking, Himal remit, safe deposit locker, card services, internet banking, SMS banking etc. 
Hence, HBL is one the leading commercial bank in Nepal. It has played vital role in the developing of Nepalese economy through its facilities as well as its intermediary role among public, business, government and foreign countries.   
1.7. Hypothesis formulation 
- Maximum amount of loan has been provided in various sectors with the purpose of overall progress of Nepalese economy.  
- Due to the flexible and attractive deposit schemes public deposit has been increasing yearly.  



1.8. Research Methodology 
1.8.1. Research design 
I have used case study research design for this research work. This study is mainly focused to study about the particular bank Himalayan Bank ltd. According to the case study design mainly depository management and loan investment of HBL has been studied here.  
1.8.2 Sources of data  
For this research work primary as well as secondary sources of data are used.  
1.8.3 Data collection procedures 
 In this research both primary and secondary data collection are used.  
Interview and observation method is used in primary data collection procedure likewise prospectus, annual report, brochures and website of HBL have been used for collecting data.  
1.8.4 Data presentation and analysis tools 
 In this research project tables and lines are used for data presentation and analysis.  


Page Break 
CHAPTER TWO 
DATA PRESENTATION AND ANALYSIS 

Presentation and analysis 
 In this chapter, the obtained data from the various resources are presented below in tables and line and after that those data have been analyzed and interpreted. 
2.1 Deposit services of Himalayan Bank Ltd 
There are various types of deposit services that have been provided by HBL which are given below. 
 Fixed Deposit 
Fixed Deposits can be made for a period ranging from 3 Months to One Year or over. The interest rate is tied up to the tenure of the deposit. Customers can borrow from the Bank against their Fixed Deposit Certificates. 
Savings Deposit 
Savings Deposit Account can be opened in any of HBL Branch Offices. The minimum deposit to be maintained by the Customer varies according to the Branch. Customers are provided with free personal accidental death insurance. Customers opening this account get a free Cheque Book. The Bank offers Any Branch Banking Facility. 
Current Account 
Mainly intended for business/corporate houses, this account can be opened from any of HBL Branches and can be operated from any of Himalayan Bank Branch. 
Premium Savings Account (PSA) 
PSA is a privileged Savings Account with a host of convenient features and banking channels to transact through. PSA Customers enjoy a separate privileged counter and an interest rate calculated on daily balance. PSA is first Premium Deposit Product in the Banking sector of Nepal. 
Super Premium Savings Account (SPSA) 
Super Premium Savings Account (SPSA) is a special deposit account designed for the premium category of depositors. Special attractions of this account are: 
  • Yearly interest rate of 7% p.a. 
  • Minimum balance of Rs. 100,000.00 
  • Unlimited deposit and withdrawal facility 
  • 50%** discount on all the banking services 
  • Accidental death insurance of up to Rs. 500,000.00 
  • Free SMS Banking Service 
  • Free Internet Banking Service 
  • Free Any Branch Banking Service (ABBS) 
 Call Deposit 
The Bank offers short-term term deposit in the form of Call Deposit. This is an interest bearing Current Account or in other words Term Deposit with a tenure ranging from 7 days to 3 months. 
Bishesh Savings Account 
'Bishesh Savings Account' is a deposit product targeted to special section of society which includes minors, senior citizens completing the age of 50 years, physically challenged and illiterate individuals. Special attraction of this account is reduced minimum balance of Rs. 2,000.00, increased interest rate 2.75% p.a. (with premium of 0.5% over the applicable interest rate on Normal Savings Account), free debit card and accidental death insurance coverage for maximum Rs. 0.5 million. 
Recurring Savings Account 
'Recurring Savings Account' is a 3 years fixed tenure savings account targeted to individuals who would like to save funds in installments for future use. The special attractions of this account are monthly deposit installments of Rs. 1,000.00 or multiple thereof, most attractive interest rate of 6.00% p.a. which is capitalized on monthly basis, accidental death insurance coverage for maximum Rs. 0.5 million and availability of loan facility for value of 90% of the balance in the account whenever required. 
Jumbo Term Deposit 
'Jumbo Term Deposit' is a fixed deposit targeted to individuals willing to deposit specified amount for specified period of time for higher return. It is a fixed deposit product with two options: 
  1. Minimum Deposit amount of Rs. 7,463.00 for the fixed tenure of 3 years for return of Rs. 10,000.00 (less tax) at the end. 
  1. Minimum Deposit amount of Rs. 5,855.00 for the fixed tenure of 5 years for return of Rs. 10,000.00 (less tax) at the end. 
Deposits can be made in multiple of the minimum deposit amount. The effective interest rate will be 10% and 11% respectively. 
2.2 Document Requirement for opening account in HBL 
Following documents are required to open a Current/Savings/Premium Savings Account with the Bank depending upon the type of Account: 
  1. Personal Account: 
  1. Personal Identification: Citizenship Certificate or Passport and 2 copies of Photograph; 
  1. Nominee Declaration 
  1. Proprietorship Account: 
  1. Covering letter 
  1. Declaration of Sole Proprietorship 
  1. Tax registration certificate 
  1. ID of Proprietor 
  1. Copy of Registration Certificate 
  1. Partnership Account: 
  1. Letter of Partnership duly signed by all partners 
  1. Copy of the Partnership Agreement 
  1. Certified copy of Partnership Registration 
  1. Tax Registration Certificate 
  1. ID of Partners 
  1. Account of corporate bodies, Copy of: 
  1. Memorandum and Article of Association of the Company 
  1. Resolution of Board of Directors to open and operate an account 
  1. List of directors; Home address and phone numbers duly signed by respective Directors 
  1. Certificate of commence of commencement of business 
  1. Accounts of clubs, societies and associates (all documents to be duly certified by the charity): 
  1. List of Office Bearers 
  1. Copy of by-laws 
  1. Copy of Resolution to open and operate the account 
  1. Name and signature of persons authorized to operate the account 
  1. Copy of the Registration Certificate 


6. Current Account 
  1. Minimum deposit to open up current account in local currency ranges from NRS 2,500.00 to NRS 10,000.00 depending upon the Branch. And to open up current account in foreign currency, Customer has to deposit minimum of USD 100.00 or equivalent foreign currency depending on the type of account. Any balance below minimum will be liable to incidental charges as fixed by the Bank from time to time. 
  1. Interest on the Overdrawn Current Account will be charged on a daily basis at the prevailing rates and debited to the account on every Nepali month end. 
  1. Foreign currency A/C cannot be overdrawn. 
7. Savings Accounts 
  1. Interest will be calculated and credited to depositor's Savings Accounts on minimum monthly balances in every Six Months. 
  1. The minimum deposit ranges from NRS 2,500.00 to NRS 15,000.00 to open a Savings Account in Local Currency depending upon the Branch. Minimum deposit to open foreign currency A/C is USD 50.00 or equivalent in foreign currency A/C. No interest will be provided for balance less than specified above. 
Savings A/C cannot be overdrawn. 
This above information signifies that there are various deposit products with various facilities are provided by HBL. Each product has their own features and facilities. Especially different products are designed for children, senior citizens, business/corporate and individuals. 
2.3 Depositary position of HBL: 
Here is the depositary position of HBL of the fiscal year 2004/05-2009/10. 
Table no: 2 Depositary position of HBL                      Amt in NPR '000 
Fiscal year 
Current deposit 
Marginal deposit 
Saving deposit 
Fixed deposit 
Call deposit 
Total deposit 
% increment 
2004/05 
5045160 
586043 
12852414 
6107430 
222961 
24814012 
- 
2005/06 
5028150 
488031 
14582855 
6350202 
41612 
26490851 
6.75763 
2006/07 
5589580 
375026 
15784769 
8201134 
97906 
30048417 
13.42941 
2007/08 
4784216 
645186 
17972440 
6423874 
2017071 
31842789 
5.971602 
2008/09 
3218224 
666135 
20061047 
6377132 
4359766 
34682306 
8.9173 
2009/10 
3745624 
946871 
16294680 
11328635 
5295389 
37611202 
8.444929 
(Source: 18th Annual report of HBL2009/10.) 
 This above table indicates the total deposit of HBL increased largely in year 2006/07 and then rate decreased but now again the increment has increased to constant rate in last two fiscal years. This is further show from following Line graph. 
[Text Box] 
Here in this above figure X axis represents fiscal year from 2004 to 2010. And Y axis represents total deposits. So this, figure line shows that in overall total deposit has been increased but comparatively in 2005/06 the rate of deposit has been increased and in 2007 it is decreased likewise in 2008/09 and 2009/10 it has been increased.  In 2007 due to the effect of economic depression the rate of total deposit had been decreased.   

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