Money Market: Bank deposits grow by 1.42pc2 min read

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ACCORDING to the weekly statement of position of all scheduled banks for the week ended Aug 17, 2018 deposits and other accounts of all scheduled banks stood at Rs12,582.641 billion after a 1.42 per cent increase over the preceding week’s figure of Rs12,405.378bn.

Compared with last year’s corresponding figure of Rs11,551.465bn, the current week’s figure was higher by 8.92pc.

Deposits and other accounts of all commercial banks stood at Rs12,517.818bn against preceding week’s deposits of Rs12,340.640bn, showing a rise of 1.43pc. Deposits and other accounts of specialised banks stood at Rs64.823bn, higher by 0.13pc against previous week’s figure of Rs64.738bn.

Total assets rise by 1.98pc; borrowings jump 5.27pc

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Total assets of all scheduled banks stood at Rs18,367.701bn, larger by 1.98pc over preceding week’s figure of Rs18,010.875bn. Current week’s figure is higher by 12.89pc compared to last year’s corresponding figure of Rs16,269.083bn.

Total assets of all commercial banks stood at Rs18,125.330bn, larger by 1.98pc over previous week’s figure of Rs17,771.845bn, while total assets of specialised banks at Rs242.371bn were larger by 1.39pc over the previous week’s Rs239.030bn.

Also Read : Money Market: Bank borrowings rise by 5.24pc

Borrowings by all scheduled banks showed a rise in the week under review. It rose by 5.27pc to Rs3,511.276bn against previous week’s Rs3,335.480bn. Compared to last year’s corresponding figure of Rs2,598.708bn, current week’s figure is higher by 35.11pc.

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Borrowings by commercial banks in the week at Rs3,417.709bn were higher by 5.29pc against previous week’s Rs3,245.709bn. Borrowings by specialised banks stood at Rs93.567bn against the previous week’s figure of Rs89.772bn.

Investments of all scheduled banks stood at Rs8,224.279bn against preceding week’s figure of Rs8,201.398bn, larger by 0.27 pc. Compared to last year’s corresponding figure of Rs8,144.998bn, current week’s figure is larger by 0.97pc.

Investments by all commercial banks stood at Rs8,172.328bn, higher by 0.22pc against preceding week’s figure of Rs8,154.298bn, whereas investment by all specialised banks stood at Rs51.951bn against preceding week’s figure of Rs47.100bn.

(This news/article originally appeared in DAWN on September 3rd, 2018)

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