SBP in­jects Rs 90 bil­lion into mar­ket

The Pak Banker - - FRONT PAGE -

Last week, the State Bank of Pak­istan con­ducted two open mar­ket op­er­a­tions and pumped a cu­mu­la­tive Rs90 bil­lion into the bank­ing sys­tem. On Tues­day, the cen­tral bank in­jected Rs40 bil­lion at 6.07pc for a three-day con­tract and on Thurs­day Rs50 bil­lion for one-day con­tract at 6.08pc. It re­ceived bids of Rs72 bil­lion and Rs70 bil­lion, re­spec­tively. Ac­cord­ing to the weekly state­ment of po­si­tion of all sched­uled banks for the week ended Jan 29, 2016, de­posits and other ac­counts of all sched­uled banks in­creased 0.41pc to Rs9,408.102 bil­lion from Rs9,370bn in the pre­ced­ing week. Com­pared with last year's Rs8,463.711 bil­lion, it was higher by 11.16pc. De­posits and other ac­counts of all com­mer­cial banks also rose 0.42pc to Rs9,368.465 bil­lion from Rs9,329.486 bil­lion dur­ing the pre­ced­ing week. To­tal as­sets of all sched­uled banks reg­is­tered a rise of 1.13pc to Rs13,339.535 bil­lion from Rs13,190.620 bil­lion in the pre­ced­ing week. Com­pared with last year's cor­re­spond­ing fig­ure of Rs11,540.703 bil­lion, it was higher by 15.58pc. All com­mer­cial banks' com­bined as­sets showed 1.17pc in­crease to Rs13,125.237 bil­lion from Rs12,972.835 bil­lion in the pre­ced­ing week.

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