Govt rejects all bids for T-bills

Source:  Dawn.com Published in Business & Economy on Monday, May 09, 2016

The government rejected all the bids received for the auction of treasury bills on April 27. The target for the auction was Rs300bn.

Total bids received were Rs326.767bn, where 12-month T-bills received bids of Rs116.570bn, six-month T-bills Rs110. 950bn and three-month T-bill Rs99.245bn.

According to the weekly statement of position of all scheduled banks for the week ended April 22, 2016, deposits and other accounts of all scheduled banks increased 0.15pc to Rs9622.807bn over the preceding week’s figure of Rs9,608.645bn.

Compared with last year’s corresponding figure of Rs8,603.064bn, the current week’s figure is higher by 11.85pc.

Deposits and other accounts of all commercial banks stood at Rs9,584.182bn against preceding week’s deposits of Rs9,569.250bn, showing a rise of 0.16pc.

Total assets of all scheduled banks stood at Rs1,3731.204bn, higher by 0.82pc over preceding week’s figure of Rs1,3618.400bn. Current week’s figure was higher by 13.15pc compared to last year’s corresponding figure of Rs12135.560bn.

Total assets of all commercial banks stood at Rs13,523.342bn, larger by 0.85pc over previous week’s figure of Rs13,410.630bn.

Gross advances of all scheduled banks stood at Rs4,890.322bn, a rise of 0.34pc over preceding week’s figure of Rs4,873.517bn. Compared with last year’s corresponding figure of Rs4,443.602bn, current week’s figure is higher by 10.05pc.

Advances by all commercial banks increased to Rs4,728.263bn against previous week’s Rs4,711.389bn or by 0.36pc.

Borrowings by all scheduled banks increased in the week under review. It rose to Rs2,070.980bn over previous week’s Rs1,964.573bn or by 5.42pc. Compared to last year’s corresponding figure of Rs1,545.563bn, current week’s figure is higher by 34pc.

Borrowings by commercial banks also increased in the week to Rs1,992.653bn against previous week’s Rs1,887.256bn, lower by 5.58pc.

Investments of all scheduled banks stood at Rs7,157.765bn, against preceding week’s figure of Rs7,050.306bn, a rise of 1.52pc. Compared to last year’s corresponding figure of Rs5879.487bn, current week’s figure is higher by 21.74pc.

Investments by all commercial banks stood at Rs7,132.282bn, against preceding week’s figure of Rs7,025.501bn, an increase of 1.52pc. Compared to last year’s corresponding figure of Rs5,852.176bn, current week’s figure is higher by 21.87pc.

Cash and balances with treasury banks of all scheduled banks increased over the week and stood at Rs773.838bn against previous week’s Rs759.135bn, showing a rise of 1.94pc. Current week’s figure was higher by8.83pc compared to last year’s corresponding figure of Rs711.044bn.