Bank investments plunge 12pcArchive
THE government raised Rs1,865.830 billion from the auction of Market Treasury Bills of various tenors held on Thursday, surpassing its target of Rs950bn.
Of the total, three-month T-bills fetched Rs1860.983bn at a cut-off yield of 6.2399 per cent, followed by six-month T-bills with Rs4.846bn at 6.3519pc.
The central bank received total bids worth Rs2,825.993bn — Rs2,704.853bn for the three-month tenor, followed by Rs121.140bn for the six-month tenor. No bids were received for the 12-month Tbill.
According to the weekly statement of position of all scheduled banks for the week ended March 30, 2018, deposits and other accounts of all scheduled banks stood at Rs12,571.277bn after a 3.65pc increase over the preceding week’s figure of Rs12,127.971bn. Compared with last year’s corresponding figure of Rs11,170.035bn, the last week’s figure was higher by 12.54pc.
Total assets of all schedule banks fall by 1.9pc during the outgoing week
Deposits and other accounts of all commercial banks stood at Rs12,498.356bn against preceding week’s deposits of Rs12,054.098bn, showing a rise of 3.68pc. Deposits and other accounts of specialised banks stood at Rs72.921bn, lower by 1.29pc against previous week’s figure of Rs73.873bn.
Total assets of all scheduled banks stood at Rs16,624.351bn, lower by 1.90pc over preceding week’s figure of Rs16,947.688bn. Last week’s figure was higher by 8.10pc compared to last year’s corresponding figure of Rs15,378.98bn.
Total assets of all commercial banks stood at Rs16,355.789bn, lower by 1.84pc over previous week’s figure of Rs16,663.061bn, while total assets of specialised banks at Rs268.561bn were lower 5.64pc over the previous week’s Rs284.627bn.
Investments of all scheduled banks stood at Rs6,853.021bn against preceding week’s figure of Rs7,793.230bn, lower by 12.06pc. Compared to last year’s corresponding figure of Rs7,669.863bn, last week’s figure was lower by 10.65pc.
Investments by all commercial banks stood at Rs6,783.429bn, lower by 12pc against preceding week’s figure of Rs7,706.515bn, whereas investment by all specialised banks stood at Rs69.592bn against preceding week’s figure of Rs86.715bn.
Published in Dawn, The Business and Finance Weekly, April 16th, 2018