It’s a good trend; we hope that, with this increase in interest rate, which should be reflected in the savings deposit rate charged by banks, investors will be even more encouraged. And to help you compare Mauritius with other countries, we will circulate two tables – one to highlight the rate of inflation in countries that are relevant to Mauritius or in comparable countries.
The number of UCBs further declined to 1579 as on March 31, 2015 although there is absolute increase in deposits and advances at ₹ 3551.34 billion and ₹ 2243.08 billion respectively as at March 31, 2015. 11.