Commercial banks’ deposits decline

Published September 10, 2007

According to the weekly statement of position of all scheduled banks for the week ended August 25, 2007, deposits and other accounts of the scheduled banks stood at Rs3,403.170 billion, smaller by Rs11.66 billion over preceding week’s figure of Rs3,414.830 billion.

Commercial banks deposits showed a decline of Rs11.637 billion over the week to Rs3,391.241 billion, against preceding week’s Rs3,402.878 billion. Specialized banks deposits stood at Rs11.929 billion, against preceding week’s Rs11.952 billion, a fall of Rs0.023 billion.

Borrowings by all scheduled banks decreased during the week over preceding week’s figure. It fell to Rs379.476 billion over preceding week’s figure of Rs398.659 billion, a fall of Rs19.183 billion. This was primarily due to a decline in the borrowings by commercial banks, which fell to Rs298.227 billion against previous week’s Rs317.496 billion, or by Rs19.269 billion. Borrowings by specialised banks stood at Rs81.248 billion, against preceding week’s figure of Rs81.163 billion, a rise of Rs0.085 billion.

Gross advances stood at Rs2,426.759 billion in the week under review, a decline of Rs6.547 billion over preceding week’s figure of Rs2,433.306 billion. Advances by commercial banks declined to Rs2,331.056 billion against earlier week’s figure of Rs2,337.700 billion, or by Rs6.644 billion. Advances of specialized banks stood at Rs95.703 billion, smaller by Rs0.096 billion over earlier week’s figure of Rs95.607 billion.

Investments of all scheduled banks increased in the week by Rs10.593 billion to Rs1,197.115 billion against preceding week’s figure of Rs1,186.522 billion. Commercial banks investment rose to Rs1,183.425 billion, from earlier week’s Rs1,173.939 billion, larger by Rs9.486 billion. Specialized banks investment stood at Rs13.691 billion, against preceding week’s Rs12.582 billion, a rise of Rs1.109 billion.

Cash and balances with treasury banks of all scheduled banks declined by Rs14.68 billion during the week to stand at Rs339.226 billion against earlier week’s Rs353.906 billion. The figure for commercial banks stood at Rs336.818 billion against preceding week’s figure of Rs351.506 billion, a fall of Rs14.688 billion. While of specialised banks it stood at 2.408 billion over previous week’s 2.400 billion.

Total assets of scheduled banks stood at Rs4,520.126 billion, lower by Rs33.777 billion, over preceding week’s figure of Rs4,553.903 billion. Meanwhile, commercial banks assets stood at Rs4,405.297 billion, smaller by Rs33.672 billion over previous week’s figure of Rs4,438.969 billion. Specialized banks assets declined to Rs114.830 billion, or by Rs0.104 billion over previous week’s Rs114.934 billion.

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