Govt injects Rs 2.37tr in banks
The government raised Rs319. 936bn from the auction of Treasury Bills (T-bills) of various tenors on February 3, lower than its target of Rs350.0bn. The central bank received much higher bids of Rs569.608bn. Of the total raised amount, the threemonth T-bills fetched the highest Rs169.366bn at a cut-off yield of 6.2591pc, followed by 12-month Rs93.839 billion at 6.2758pc and six-month Rs56.731 billion at 6.2665pc.
According to the weekly statement of position of all scheduled banks for the week ended January 22, 2016, gross advances of all scheduled banks stood at Rs4,823.350 billion, a decrease of 0.15pc over the preceding week`s Rs4,830.497 billion. Advances by all commercial banks fell to Rs4,664.310 billion against previous week`s Rs4671.621 billion or by 0.16pc.
Borrowings by all scheduled banks declined further in the week under review. It fell to Rs1798.153 billion over previous week`s Rs1,915.636 billion or by 6.13pc. Borrowings by com-mercial banks also declined in the week to Rs1,764.453 billion against previous week`s Rs1,881.135 billion, lower by 6.20pc.
Investments of all scheduled banks stood at Rs6,711.136 billion against preceding week`s Rs6,738.062 billion, a fall of 0.40pc. Investments by all commercial banks stood atRs6,680.527 billion, against preceding week`s Rs6,709.833 bil- lion, a decline of 0.44pc. Deposits and other accounts of all scheduled banks decreased and stood at Rs9,370 billion, over preceding week`s Rs9,371.004 billion, a fall of 0.01pc.
Deposits and other accounts of all commercial banks stood at Rs9,329.486 billion against preceding week`s deposits of Rs9,329.824 billion, showing a decline of 0.004pc. Total assets of all scheduled banks stood at Rs13,190.620 billion from Rs13,313.702 billion. All commercial banks` assets stood at Rs12,972.835 billion against Rs13,094.419 billion. Cash and balances with treasury banks of all scheduled banks decreased over the week and stood at Rs734.270 billion against previous week`s Rs703.676 billion, showing a rise of 4.34pc. Cash and balances of all commercial banks stood at Rs732.405 billion, lower by 4.60pc over previous week`s Rs700.249 billion.