THE government managed to raise Rs114.9bn during the auction of Treasury bills of various tenors on October 15.

Response from banks and other investors was relatively much stronger in this auction when compared with the last one conducted on October 1.

Of the total, three-month T-bills fetched Rs108.47bn at a cut-off yield of 9.9564pc, followed by six-month T-bills with Rs6.43bn at 9.9791pc.

The central bank had received total bids worth Rs116.789bn. Of these, T-bills had attracted Rs109.692bn and six-month T-bills Rs7.097bn. No bids were received for 12-month T-bills.

According to the weekly statement of position of all scheduled banks for the week ending October 3, investments of all scheduled banks stood at Rs4,443.4bn, down 0.57pc from the preceding week’s level of Rs4,468.963bn.

Investments of all commercial banks stood at Rs4,410.971bn in the week, against the previous week’s figure of Rs4,436.822bn, down 0.58pc. Investments of all specialised banks stood at Rs32.43bn, against the preceding week’s Rs32.14bn.

Three-month T-bills fetched the highest amount of Rs108.47bn during the latest auction

Cash and balances with treasury banks of all scheduled banks increased by 0.7pc to Rs680.779bn in the week under review, against the earlier week’s Rs676.003bn.

Cash and balances with treasury banks of all commercial banks stood at Rs677.02bn in the week, against the preceding week’s figure of Rs672.928bn. Cash and balances with treasury banks of all specialised banks stood at Rs3.759bn in the week, against the earlier week’s Rs3.075bn.

Gross advances by scheduled banks stood at Rs4,287.252bn in the week ending October 3, up 0.11pc over the preceding week’s figure of Rs4,282.669bn. Advan­ces by commercial banks rose to Rs4,152.842bn, against the earlier week’s Rs4,148.764bn. Advances by specialised banks stood at Rs134.411bn.

Total assets of all scheduled banks stood at Rs10,374.156bn in the week under review, down 0.06pc over the preceding week’s figure of Rs10,380.78bn. Total assets of all commercial banks stood at Rs10,193.096bn in the week, against the previous week’s figure of Rs10,202.671bn. Total assets of all specialised banks stood at Rs181.06bn, against the previous week’s Rs178.109bn.

Borrowings by all scheduled banks rose by 4.26pc to Rs788.611bn in the week ending October 3, against the prior week’s figure of Rs756.362bn. Borrowings by all commercial banks went up to Rs710.418bn in the week, against the previous week’s Rs678.309bn. Borrowings by specialised banks stood at Rs78.192bn in the week, against the preceding week’s Rs78.053bn.

Deposits and other accounts of all scheduled banks dipped to Rs8,001.379bn in the week under review, against the preceding week’s figure of Rs8,036.547bn, or by 0.44pc.

Deposits and other accounts of all commercial banks fell by 0.5pc to Rs7,976.327bn in the week, against the preceding week’s Rs8,016.503bn. Deposits and other accounts of all specialised banks stood at Rs25.051bn in the week, against the previous week’s Rs20.044bn.

Other liabilities of all scheduled banks stood at Rs391.747bn in the week ending October 3, against the preceding week’s Rs389.374bn, up 0.61pc. Other liabilities of all commercial banks rose to Rs337.818bn over the previous week’s Rs332.438bn.

Net assets of all scheduled banks stood at Rs1,018.709bn in the week under review, against the preceding week’s Rs1,010.234bn, up 0.84pc. Net assets of all commercial banks stood at Rs998. 956bn in the week, up 0.78pc over the previous week’s Rs991.228bn. Net assets of all specialised banks stood at Rs19.753bn.

Published in Dawn, Economic & Business, October 20th, 2014