03292017Headline:
Money Market - SBP injects Rs40.5bn into banks

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.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 [...]