The cut off yield on 12 month paper rose to 11.8392 per cent from 11.7891 per cent, while on 3 month paper it rose to 11.7825 per cent from 11.5534 per cent.
According to the weekly statement of position of all scheduled banks for the week ended July 5, 2008, deposits and other accounts of the scheduled banks stood at Rs3,838.890 billion, larger by Rs6.436 billion over preceding week’s figure of Rs3,832.454 billion. Commercial banks deposits showed a rise of Rs6.561 billion over the week to Rs3,826.143 billion, against preceding week’s Rs3,819.582 billion. Specialised banks deposits stood at Rs12.747 billion, against preceding week’s Rs12.871 billion, a fall of Rs0.124 billion.
Borrowings by all scheduled banks decreased further during the week over preceding week’s figure. It fell to Rs362.502 billion over preceding week’s figure of Rs389.585 billion, a fall of Rs27.083 billion. This was primarily due to a decline in the borrowings by commercial banks, which fell to Rs281.021 billion against previous week’s Rs308.104 billion, or by Rs27.083 billion. Borrowings by specialised banks stood at Rs81.481 billion, similar to preceding week’s figure.
Gross advances stood at Rs2,855.714 billion in the week under review, a decline of Rs87.605 billion over preceding week’s figure of Rs2,943.319 billion. Advances by commercial banks decreased to Rs2,757.813 billion against earlier week’s figure of Rs2,845.364 billion, or by Rs87.551 billion. Advances of specialised banks stood at Rs97.901 billion, smaller by Rs0.055 billion over earlier week’s figure of Rs97.955 billion.
Investments of all scheduled banks increased in the week by Rs68.608 billion to Rs1,076.137 billion against preceding week’s figure of Rs1,007.529 billion. Commercial banks investment rose to Rs1,061.043 billion, from earlier week’s Rs993.066 billion, or by Rs67.977 billion. Specialised banks investment stood at Rs15.095 billion, against preceding week’s Rs14.463 billion, higher by Rs0.632 billion.
Cash and balances with treasury banks of all scheduled banks increased by Rs15.749 billion during the week to stand at Rs434.682 billion against earlier week’s Rs418.933 billion. The figure for commercial banks stood at Rs431.380 billion against preceding week’s figure of Rs415.434 billion, a rise of Rs15.946 billion, while of specialised banks it stood at Rs3.302 billion over previous week’s Rs3.499 billion.
Total assets of scheduled banks stood at Rs5,056.967 billion, lower by Rs17.43 billion, over preceding week’s figure of Rs5,074.397 billion.
Meanwhile, commercial banks assets stood at Rs4,935.862 billion, lower by Rs17.06 billion over previous week’s figure of Rs4,952.922 billion. Specialised banks assets fell to Rs121.105 billion, or by Rs0.37 billion over previous week’s Rs121.475 billion.