Rise in bank deposits

Published July 15, 2012

IN the week ended June 30, 2012, deposits and other accounts of all scheduled banks increased and stood at Rs6402.735 billion, higher by Rs271.07 billion over preceding week’s figure of Rs6131.665 billion.

Compared with last year’s corresponding figure of Rs5599.098 billion, the current week’s figure is larger by Rs803.637 billion.

During the current week, commercial banks deposits showed a rise of Rs268.074 billion over the week to Rs6384.464 billion, against preceding week’s Rs6116.390 billion. Specialised banks deposits stood at Rs18.271 billion, against previous week’s Rs15.275 billion.

According to the weekly statement of position of all scheduled banks for the week ended June 30, 2012, borrowings by all scheduled banks decreased further in the week. It fell to Rs490.325 billion over preceding week’s figure of Rs560.603 billion, or by Rs70.278 billion. Compared to last year’s corresponding figure of Rs548.170 billion, current week’s figure is lower by Rs57.845 billion.

Commercial banks borrowings decreased to Rs413.448 billion against previous week’s Rs483.670 billion, or by Rs70.222 billion.

Borrowings by specialised banks stood at Rs76.877 billion, against preceding weeks Rs76.934 billion.

Gross advances stood at Rs3739.942 billion in the week under review, an increase of Rs62.097 billion over preceding week’s figure of Rs3677.845 billion. Compared to last year’s corresponding figure of Rs3504.663 billion, current week’s figure is higher by Rs235.279 billion. In the week under review, advances by commercial banks rose to Rs3622.082 billion against earlier week’s figure of Rs3559.925 billion, or by Rs62.157 billion. Advances of specialised banks stood at Rs117.861 billion.

Investments of all scheduled banks stood at Rs3171.006 billion, against preceding week’s figure of Rs3114.723 billion, a rise of Rs56.283 billion. Compared to last year’s corresponding figure of Rs2547.524 billion, current week’s figure is larger by Rs623.482 billion. In the current week, commercial banks investment stood at Rs3140.794 billion, against preceding week’s figure of Rs3091.869 billion, a rise of Rs48.925 billion. Specialised banks investment stood at Rs30.212 billion.

Cash and balances with treasury banks of all scheduled banks increased by Rs80.067 billion during the week to stand at Rs606.664 billion against earlier week’s Rs526.597 billion. Current week’s figure is higher by Rs83.254 billion compared to last year’s corresponding figure of Rs523.410 billion. In the current week, the figure for commercial banks stood at Rs602.627 billion against preceding week’s figure of Rs523.885 billion, a rise of Rs78.742 billion, while of specialised banks it stood at Rs4.036 billion, against preceding week’s Rs2.712 billion.

Balances with other banks decreased to Rs128.208 billion against Rs148.972 billion in the previous week, or by Rs20.764 billion. It was lower by Rs13.11 billion against Rs141.318 billion in the corresponding week last year. Balances of all commercial banks stood at Rs124.713 billion, a decline of Rs15.237 billion over preceding week’s figure of Rs139.950 billion. Balances of specialised banks stood at Rs3.495 billion.

Total assets of scheduled banks stood at Rs8203.562 billion, higher by Rs187.331 billion, over preceding week’s figure of Rs8016.231 billion. Current week’s figure was higher by Rs908.747 billion compared to last year’s corresponding figure of Rs7294.815 billion. In the current week, commercial banks assets stood at Rs8049.277 billion, higher by Rs183.492 billion over previous week’s figure of Rs7865.785 billion, while of specialised banks it stood at Rs154.286 billion.

Net assets of all scheduled banks stood at Rs813.555 billion against preceding week’s figure of Rs819.809 billion, showing a fall of Rs6.254 billion. The figure for commercial banks stood at Rs802.072 billion, smaller by Rs5.844 billion over preceding week’s figure of Rs807.916 billion. Specialised bank’s net assets stood at Rs11.483 billion, against previous week’s 11.893 billion.

Notes in circulation in the week ended June 29, 2012, stood at Rs1785.416 billion, smaller by Rs27.22 billion over preceding week’s figure of Rs1812.636 billion. Current week’s figure was higher by Rs186.771 billion, compared to last year’s corresponding figure of Rs1598.645 billion.

In the week under review, approved foreign exchange increased to Rs360.212 billion, against previous week’s figure of Rs372.349 billion showing a rise of Rs12.137 billion. Compared to the corresponding figure a year earlier when it stood at Rs397.018 billion, current week’s figure is lower by Rs36.806 billion.

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