THE government raised Rs80.179bn from the auction of Treasury bills of various tenors on March 4, despite receiving bids worth a much bigger Rs347.259bn. A drop in cut-off yields was also witnessed in the auction.

Of the total, six-month T-bills fetched Rs34.745bn at a cut-off yield of 8.1606pc, followed by 12-month T-bills with Rs34.736bn at 7.9899pc and three-month T-bills with Rs10.699bn at 8.2353pc.

The central bank had received total bids worth Rs347.259bn. Of this, 12-month T-bills had attracted bids worth Rs231.736bn, followed by six-month T-bills with Rs95.159bn and three-month T-bills with Rs20.364bn.

Meanwhile, the SBP injected Rs50b into the system through an open market operation in the three-day contract conducted last Tuesday, at a rate of return of 8pc.

According to the weekly statement of position of all scheduled banks for the week ending February 20, investments of all scheduled banks stood at Rs5,509.725bn, up 1.55pc from the prior week’s level of Rs5,425.49bn.

Six-month Treasury bills fetched the highest amount of Rs34.745bn during the latest T-bill auction

Investments of all commercial banks stood at Rs5,482.559bn in the week, against the preceding week’s figure of Rs5,399.019bn, also up 1.55pc. Investments of all specialised banks stood at Rs26.166bn in the week, against the preceding week’s figure of Rs26.471bn.

Gross advances by scheduled banks stood at Rs4,436.378bn in the week under review, an increase of 0.11pc over the previous week’s Rs4,431.387bn. Advances by commercial banks rose 0.1pc to Rs4,293.431bn in the week, against the previous week’s figure of Rs4,289.076bn.

Deposits and other accounts of all scheduled banks rose 0.05pc to Rs8,403.236bn in the week ending February 20, over the preceding week’s level of Rs8,398.978bn.

Deposits and other accounts of all commercial banks increased to Rs8,382.391bn in the week, against the preceding week’s figure of Rs8,378.049bn, showing a rise of 0.05pc. Deposits and other accounts of all specialised banks stood at Rs20.845bn in the week, against the previous week’s figure of Rs20.929bn.

Total assets of all scheduled banks stood at Rs11,619.607bn in the week under review, up 1.12pc over the preceding week’s figure of Rs11,491.071bn. Total assets of all commercial banks stood at Rs11,441.533bn in the week, higher by 1.16pc over the previous week’s figure of Rs11,309.783bn. Total assets of all specialised banks stood at Rs178.074bn in the week, against the previous week’s figure of Rs181.288bn.

 

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