Analysis Of The Impact Of Changes In Bank Payment And Settlement Business On Core Deposits

With the deepening of financial reform,the domestic banking business has evolved toward the multi-functional integration,but the deposit is still the basic business of commercial banks.It not only provides the source of funds for bank loans,but also increases the profit of commercial banks and the most important determinant for expansion.The core deposit is the long-term stable part of the deposit in commercial bank.A bank the more core deposit represents the stronger resistance of the market risk.Therefore,the core deposit is the banks to actively strive for funding sources.As a basic business of the bank,the settlement and payment business is the link between the commercial bank and the customer.The business development is directly related to the bank's overall operation and living condition.With the continuous development of financial innovation,the connotation and extension of banking intermediary business has made important changes.The payment and settlement business is an important part of bank middle income and the basis of product innovation.Its development has become an effective way for banks to enhance their competitiveness and increase their value returns.Based on the annual data of 16 listed banks from 2006 to 2015,this paper uses HP filter to estimate the core deposits of commercial banks,establish a panel model between payment settlement business and core deposit,and obtain payment settlement business changes in the impact of the core deposit is significant,and thus make recommendations from the perspective of the development of payment and settlement business for commercial banks to hold the core deposits.In the process of researching bank payment,settlement business and core deposit balance,we first establish a bidirection firmed effect model on the overall panel data of 16 listed banks in the country.The results show that the bank card business and settlement business have significant positive correlation with the core deposit.It also includes the time effect and the individual effect.Among them,the effect of Shanghai Pudong development bank is the largest,followed by bank of communications,the least is the bank of Beijing.The most influential in time effect is 2010,followed by 2012,the year of 2007 has the lowest impact.And then the 16 listed banks are divided into state-owned banks,joint-stock banks and city banks.This paper establishes a random effect model for state-owned banks and joint-stock banks,establishes a fixed effect model for city banks,and finds that the impact of state bank's bank card business on core deposits stronger than the settlement business,city banks and joint-stock bank settlement business has a great impact on core deposits.In the process of studying the changes between the bank settlement and the growth rate of the core deposit,we first establish a mixed regression model on the overall panel data of 16 listed banks,and found that the growth rate of settlement business,bank card business growth rate,business structure change and the increase in operating income growth rate is significant for the growth rate of core deposits.The growth rate of operating income is the most influential and the change of business structure is the least.And then establish a mixed regression model for the three types of commercial banks respectively.The results show that the impact of the growth rate of revenue growth of state-owned banks,joint-stock banks and city banks on core deposit growth is significant.Meanwhile,the impact of changes in state-owned banks and city banks' payment settlement business on core deposit growth is also significant.Therefore,banks should pay attention to payment and settlement business promotion and innovation regardless of the size of commercial banks.And provide customers with more adequate payment and settlement of products and quality services to stabilize the bank's core deposits and increase the core deposit growth rate.