Money Market: Govt raises Rs211bn from T-bills

Published July 27, 2015
Six-month Treasury bills fetched the highest amount of Rs83.87bn during the latest auction. -AP/File
Six-month Treasury bills fetched the highest amount of Rs83.87bn during the latest auction. -AP/File

The central bank was able to raise Rs211.804bn from the auction of Treasury bills on July 22, much higher than the targeted amount of Rs125bn.

Of the total, six-month T-bills fetched Rs83.866bn at a cut-off yield of 6.9513pc, followed by three-month T-bills with Rs67.144pc at 6.9308pc and 12-month T-bills with Rs60.794bn at 6.9595pc.

The central bank had received total bids to the tune of Rs252.976bn. Investors showed most interest in 12-month T-bills, which received bids worth Rs96.698bn, followed by six-month T-bills with Rs87.49bn, and three-month T-bills with Rs68.788bn.


Six-month Treasury bills fetched the highest amount of Rs83.87bn during the latest auction


According to the weekly statement of position of all scheduled banks for the week ending July 10, borrowings by all scheduled banks rose 16.78pc to Rs1,609.478bn, over the previous week’s figure of Rs1,378.227bn.

Borrowings by commercial banks went up 17.12pc to Rs1,581.035bn in the week, against the previous week’s figure of Rs1,349.953bn. Borrowings by specialised banks stood at Rs28.443bn in the week, against the preceding week’s figure of Rs28.274bn.

Cash and balances with treasury banks of all scheduled banks increased by 7.32pc during the week under review to Rs826.568bn, against the earlier week’s figure of Rs770.204bn.

Cash and balances with treasury commercial banks stood at Rs824.5bn in the week, against the preceding week’s figure of Rs767.297bn, depicting a rise of 7.46pc. Cash and balances with treasury of all specialised banks stood at Rs2.91bn in the week, against the preceding week’s figure of Rs3bn.

Investments of all scheduled banks stood at Rs5,991.248bn in the week ending July 10, against the preceding week’s figure of Rs5,985.955bn, show­ing a marginal increase of 0.1pc.

Investments of all commercial banks stood at Rs5,963.741bn in the week, against the preceding week’s figure of Rs5,959.1bn, up 0.08pc. Investments of all specialised banks stood at Rs27.508bn in the week, against the preceding week’s figure of Rs26.85bn.

Gross advances by scheduled banks stood at Rs4,575.594bn in the week under review, down 0.47pc over the preceding week’s figure of Rs4,597.242bn.

Chart by Rehan Ahmed
Chart by Rehan Ahmed

Advances by commercial banks declined 0.5pc to Rs4,421.874bn in the week, against the previous week’s figure of Rs4,443.679bn. Advances by specialised banks stood at Rs153.72bn in the week, against the previous week’s figure of Rs153.563bn.

Total assets of all scheduled banks stood at Rs12,607.223bn in the week ending July 10, up 0.41pc over the preceding week’s figure of Rs12,555.31bn.

Total assets of all commercial banks stood at Rs12,412.427bn in the week, depicting a rise of 0.44pc over the previous week’s figure of Rs12,357.766bn. Total assets of all specialised banks stood at Rs194.8bn in the week, over the previous week’s figure of Rs197.54bn.

Deposits and other accounts of all scheduled banks fell 1.66pc to Rs9,046.95bn in the week under review, against the preceding week’s figure of Rs9,199.8bn.

Deposits and other accounts of all commercial banks stood at Rs9,016.637bn in the week, against the preceding week’s figure of Rs9,167.845bn, showing a decrease of 1.65pc. Deposits and other accounts of all specialised banks stood at Rs30.3bn in the week, against the previous week’s figure of Rs32bn.

Other liabilities of all scheduled banks stood at Rs421.02bn in the week ending July 10, against the preceding week’s figure of Rs437.06bn, down 3.67pc.

Published in Dawn, Economic & Business, July 27th, 2015

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