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Money Market – SBP injects Rs40.5bn into banks

Money Market SBP injects Rs40.5bn into banks

The central bank poured in a comparatively smaller number of Rs40.5bn into the banking system last Wednesday in an open market operation.

The injection was made in an eight-day contract at 6pc. With banks shut for five days last week, the sum is likely to get them through at least the midst of the week till they ask for fresh liquidity injections from the SBP.

Meanwhile, as stated by the weekly statement of position of all scheduled banks for the week ending December 11, gross progress of all scheduled banks stood at Rs4,723.573bn, up 0.38pc over the preceding weeks amount of Rs4,705.397. Compared with last years corresponding amount of Rs4,375.774bn, the present weeks amount is higher by 8pc.

Money Market - SBP injects Rs40.5bn into banks

Money Market – SBP injects Rs40.5bn into banks

The injection was made in an eight-day contract at 6pc

Progress of all commercial banks increased 0.4pc to Rs4,565.117bn in the week, against the preceding weeks degree of Rs4,547.135bn. Progress of all specialised banks stood at Rs158.456bn in the week, against the preceding weeks amount of Rs158.26bn.

Borrowings by all scheduled banks increased by 3.3pc to Rs1,886.379bn in the week under review, over the preceding weeks amount of Rs1,825.881bn. Compared with last years corresponding amount of Rs1,064.898bn, the present weeks amount is higher by 77.14pc.

Borrowings by all commercial banks also increased by 3.3pc to Rs1,859.245bn in the week against the preceding weeks amount of Rs1,799.932bn. Borrowings by all specialised banks stood at Rs27.134bn in the week, down from the preceding weeks amount of Rs25.95bn.

Investments of all scheduled banks stood at Rs6,573.739bn in the week ending December 11, down 0.55pc from the preceding weeks amount of Rs6,610.127bn. Compared with last years corresponding amount of Rs4,876.43bn, the present weeks amount is higher by 34.8pc.

Investments of all commercial banks stood at Rs6,545.392bn in the week against the preceding weeks amount of Rs6,582.934bn, depicting a decline of 0.57pc. Compared with last years corresponding amount of Rs4,840.61bn, the present weeks amount is higher by 35.2pc. Investments of all specialised banks stood at Rs28.35bn in the week, against the preceding weeks amount of Rs27.19bn.

Deposits and other accounts of all scheduled banks rose 0.06pc to Rs9,206.572bn in the week under review, over the preceding weeks amount of Rs9,200.563bn. Compared with last years corresponding amount of Rs8,195.1bn, the present weeks amount is higher by 12.3pc.

Graph by Rehan Ahmed

Deposits and other accounts of all commercial banks stood at Rs9,166.55bn in the week against the preceding weeks degree of Rs9,161.158bn, demonstrating an increase of 0.05pc. Deposits and other accounts of all specialised banks stood at Rs40.022bn in the week against the preceding weeks amount of Rs39.405bn.

Entire assets of all scheduled banks stood at Rs13,085.334bn in the week ending December 11, up 0.61pc over the preceding weeks amount of Rs13,005.705bn. The present weeks amount is higher by 19pc when compared with last years corresponding amount of Rs10,992.91bn.

Entire assets of all commercial banks stood at Rs12,879.398bn in the week, higher by 0.75pc over the preceding weeks amount of Rs12,801.54bn. Entire assets of all specialised banks stood at Rs205.936bn in the week.

As stated by the SBPs weekly statement of issues for the week ending December11, notes in circulation had increased by 1.55pc to Rs3,124.02bn against the preceding weeks amount of R3,076.267bn. Compared with last years corresponding amount of Rs2,529.561bn, the present weeks amount is higher by 23.5pc.

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