Abstract
The South Asian Journal of Finance is an international open access and double-blind peer reviewed journal focusing on the areas of finance in South Asian region. It is published bi-annually (June and December).
Highlights
As at 30th October 2020 there were twentyfour licensed commercial banks in Sri Lanka (CBSL, 2020)
It is important to examine the determinants of the growth of commercial bank deposits as bank deposits are key to any bank irrespective of the country
The dependent variable was chosen as bank deposits (BD), which is the cumulative value of demand, time, and saving deposits
Summary
As at 30th October 2020 there were twentyfour licensed commercial banks in Sri Lanka (CBSL, 2020). This reports a rapid growth in the banking industry during the last two decades. Sri Lanka, being a developing country, it is important to study the contribution of banking sector for the development of its economy. The increasing number of banks has caused efficiency and competition in the financial sector which has resulted in an increment of their profits (Ahmed, 2006). Further it states that banking sector facilitate the innovations, capital mobilization and productive investments. In interestingly banking sector plays a major role in a developing economy
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