THE government raised Rs46.811bn from the auction of treasury bills of various tenors on March 30, despite receiving bids of a much higher Rs158.604bn. The amount raised was also lower against the auction target of Rs100bn.
Of the total raised amount, the 12-month T-bills fetched the highest Rs34.846bn at a cut-off yield of 6.2079pc, followed by six month Rs10.507bn at 6.1812pc and three month papers Rs1.457bn at 6.1697pc.
The State Bank injected Rs49bn into the banking system on March 29, in an open market operation.
Govt sells Rs46.8bn T-bills, below the auction target
According to the weekly statement of position of all scheduled banks for the week ended March 18, 2016, deposits and other accounts of all scheduled banks increased to Rs9,486.922bn from preceding week’s Rs9446. 922bn. It was higher by 12pc when compared with Rs8470.821bn in the same week last year.
Deposits and other accounts of all commercial banks stood at Rs9,448.739bn against preceding week’s Rs9,408.870bn.
Total assets of all scheduled banks inched up to Rs13,617.217bn from Rs13,491.827bn a week ago. It was higher by 15.20pc compared to Rs11,821.450bn same week last year.
All commercial banks’ combined assets rose 0.94pc to Rs13,406.690bn, from preceding week’s Rs13,281.557bn.
Gross advances of all scheduled banks expanded 0.20pc to Rs4,836.689bn over preceding week’s Rs4,826.901bn. Compared with Rs4443.602bn in the same week last year, it was up by 8.85pc.
Advances by all commercial banks rose 0.20pc to Rs4,674.877bn against previous week’s Rs4665.460bn.
Borrowings by all scheduled banks increased 3.21pc to Rs2,020.649bn over previous week’s Rs1,957.814bn. It showed a 41.82pc jump over same week last year’s Rs1,424.829bn.
Commercial banks’ borrowings also increased to Rs1,989.495bn against previous week’s Rs1,926.898bn.
Investments of all scheduled banks stood at Rs7,050.036bn against preceding week’s Rs7,034.074bn. Compared to last year’s corresponding figure of Rs5,697.381bn, it was higher by 23.74pc.
Chart by Rehan Ahmed
Combined investments by all commercial banks rose to Rs7,020.103bn, from preceding week’s Rs7,004.535bn. Compared to last year’s corresponding figure of Rs5,697.381bn, it was higher by 23.22pc.
Cash and balances with treasury banks of all scheduled banks increased 10.07pc to Rs802.284bn against previous week’s Rs728.877bn.
All commercial banks’ cash and balances soared 10.15pc to Rs800.237bn from Rs726.518bn a week ago.
Courtesy : Dawn News