Money Market: Bank deposits up, borrowings dip
According to the weekly statement of position of all scheduled banks for the week ended April 15, 2016, deposits and other accounts of all scheduled banks increased 0.22pc to Rs9,608.645bn over the preceding week’s Rs9,587.311bn. Compared with last year’s corresponding figure of Rs8,526.304bn, it was higher by 12.70pc.
Deposits and other accounts of all commercial banks stood at Rs9,569.250bn against preceding week’s deposits of Rs9,549.385bn, showing a rise of 0.21pc. Deposits and other accounts of specialised banks stood at Rs39.395bn, against previous week’s figure of Rs37.926bn.
Total assets of all scheduled banks stood at Rs13618.400bn, lower by 0.70pc over preceding week’s figure of Rs13713.863bn. Current week’s figure was higher by 13.20pc compared to last year’s corresponding figure of Rs12,030.051bn.
Total assets of all commercial banks stood at Rs13,410.630bn, smaller by 0.72pc over previous week’s figure of Rs13507.364bn.
Total assets of specialised banks stood at Rs207.770bn over previous week’sRs206.500bn.
Gross advances of all scheduled banks stood at Rs4,873.517bn, a rise of 0.44pc over preceding week’s figure of Rs4,852.305bn. Compared with last year’s corresponding figure of Rs4435.207bn, current week’s figure is higher by 9.90pc.
Advances by all commercial banks increased to Rs4,711.389bn against previous week’s Rs4,690.189bn or by 0.45pc. Advances of specialised banks stood at Rs162.127bn against previous week’s Rs161.767bn.
Borrowings by all scheduled banks decreased in the week under review. It fell to Rs1,964. 573bn over previous week’s Rs2,074.132bn or by 5.28pc. Compared to last year’s corresponding figure of Rs1,525.827bn, current week’s figure is higher by 28.75pc.
Borrowings by commercial banks also decreased in the week to Rs1,887.256bn against previous week’s Rs1,996.593bn, lower by 5.48pc.