THE central bank pumped in a huge Rs1.29tr into the banking system in an open market operation on September 18. The injection was made in a 10-day contract at 6.02pc.

Just three days before that, the central bank had injected another Rs61.9bn at 6.01pc in a four-day contract. Thus the total amount of liquidity injected in the week preceding Eid-ul-Azha holidays reached Rs1.35tr.

According to the weekly statement of position of all scheduled banks for the week ending September 11, borrowings by all scheduled banks rose 5.28pc to Rs1,792.745bn over the previous week’s level of Rs1,702.877bn. When compared with last year’s corresponding figure of Rs694.866bn, the current week’s figure is higher by 158pc.

Borrowings by commercial banks went to Rs1,766.609bn in the week against the previous week’s figure of Rs1,676.631bn, up 5.37pc. Borrowings by specialised banks stood at Rs26.136bn in the week.

Total assets of all scheduled banks stood at Rs12,721.817bn in the week under review, higher by 0.31pc over the preceding week’s figure of Rs12,682.66bn. The current week’s figure is higher by 23.87pc when compared with last year’s corresponding figure of Rs10,270.553bn.

The total amount of liquidity injected into banks in the week preceding Eid-ul-Azha reached Rs1.35tr

Total assets of all commercial banks stood at 12,529.945bn in the week, up 0.31pc over the previous week’s figure of Rs12,490.682bn. Total assets of specialised banks stood at Rs191.872bn in the week.

Deposits and other accounts of all scheduled banks fell 0.55pc to Rs8,979.848bn in the week ending September 11, against the preceding week’s figure of Rs9,029.6bn. When compared with last year’s corresponding figure of Rs8,004.562bn, the current week’s figure is higher by 12.18pc.

Deposits and other accounts of all commercial banks stood at Rs8,950.783bn in the week, against the preceding week’s level of Rs9,000.35bn, also down 0.55pc. Deposits and other accounts of all specialised banks stood at Rs29.065bn in the week, against the previous week’s figure of Rs29.249bn.

Cash and balances with treasury banks of all scheduled banks decreased by 1.98pc to Rs685.933bn in the week under review, against the earlier week’s figure of Rs699.8bn. The current week’s figure is higher by 6.26pc when compared with last year’s corresponding figure of Rs645.5bn.

Cash and balances with treasury banks of all commercial banks stood at Rs683.91bn in the week, against the preceding week’s figure of Rs697.897bn, down 2pc. Cash and balances with treasury banks of all specialised banks stood at Rs2.022bn in the week.

Investments of all scheduled banks stood at Rs6,456.47bn in the week ending September 11, against the preceding week’s figure of Rs6,380.8bn, depicting a rise of 1.2pc. When compared with last year’s corresponding figure of Rs4,407.734bn, the current week’s figure is higher by 46.48pc.

Investments by all commercial banks stood at Rs6,432.914bn in the week, against the earlier week’s figure of Rs6,356.4bn, also up 1.2pc. Investments of all specialised banks stood at Rs23.556bn in the week, against the preceding week’s figure of Rs24.4bn.

Gross advances by all scheduled banks stood at Rs4,532.227bn in the week under review, down 0.02pc over the preceding week’s figure of Rs4,533.1bn. When compared with last year’s corresponding figure of Rs4,241.767bn, the current week’s figure is higher by 6.85pc.

Advances by all commercial banks declined to Rs4,376.062bn in the week, against the previous week’s figure of Rs4,377.218bn. Advances by specialised banks stood at Rs156.164bn in the week, against the previous week’s figure of Rs155.851bn.

Published in Dawn, Business & Finance weekly, September 28th, 2015

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