KEEPING up with the trend of massive liquidity injections, the central bank had pumped in a big Rs1.08tr into banks on August 28. The open market operation was conducted in a seven-day contract at 6.51pc.

This followed three earlier injections worth a cumulative Rs3.35tr over the last three weeks.

According to the weekly statement of position of all scheduled banks for the week ending August 13, borrowings by all scheduled banks increased 7.42pc to Rs1789.494bn, against the previous week’s figure of Rs1665.874bn. When compared with last year’s corresponding figure of Rs709.814bn, the current week’s figure is higher by 152pc.

Borrowings by commercial banks rose 7.56pc to Rs1762.02bn in the week, against the previous week’s figure of Rs1638.17bn. Borrowings by specialised banks stood at Rs27.477bn in the week, against the preceding week’s figure of Rs27.7bn.

The latest open market operation followed three earlier injections worth a cumulative Rs3.35tr over the last three weeks

Deposits and other accounts of all scheduled banks fell 0.52pc to Rs8935.75bn in the week ending August 13, over the preceding week’s figure of Rs8982.07bn. When compared with last year’s corresponding figure of Rs7971.755bn, the current week’s figure is higher by 12.1pc.

Deposits and other accounts of all commercial banks stood at Rs8906.028bn in the week, against the preceding week’s deposits of Rs8952.111bn, showing a decrease of 0.51pc. Deposits and other accounts of all specialised banks stood at Rs29.722bn in the week, against the previous week’s figure of Rs29.958bn.

Investments of all scheduled banks stood at Rs6321.426bn in the week ending August 13, against the preceding week’s figure of Rs6242.3bn, depicting an increase of 1.27pc. When compared with last year’s corresponding figure of Rs4442.28bn, the current week’s figure is higher by 42.3pc.

Investments of all commercial banks stood at Rs6295.181bn in the week, against the preceding week’s figure of Rs6215.467bn, up 1.28pc. Investment of all specialised banks stood at Rs26.245bn in the week, against the preceding week’s figure of Rs26.83bn.

Gross advances by all scheduled banks stood at Rs4547.294bn in the week under review, a decline of 0.05pc over the preceding week’s figure of Rs4549.668bn. When compared with last year’s corresponding figure of Rs4233.61bn, the current week’s figure is higher by 7.41pc.

Advances by all commercial banks decreased 0.06pc to Rs4392.36bn in the week, against the previous week’s level of Rs4395.029bn. Advances by specialised banks stood at Rs154.935bn in the week, against the previous week’s figure of Rs154.64bn.

Published in Dawn, Economic & Business, August 31st, 2015

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