| Table 19 : Cash Ratio of Commercial Banks | ||||||
| Week | Deposit | Average | Required | Excess | Average | |
| Ended | Base* | Cash | Minimum | Cash | Cash | |
| Balances | Cash | Holdings | Ratios | |||
| Held for | Balances | |||||
| the Week | 5.5% of (1) | (2) - (3) | (2) / (1) | |||
| (1) | (2) | (3) | ||||
| (Rs Million) | (Per cent) | |||||
| 9-Jul-98 | 66,821 | 3,695 | 3,675 | 20 | 5.50 | |
| 16-Jul-98 | 65,930 | 4,102 | 3,626 | 476 | 6.20 | |
| 23-Jul-98 | 65,805 | 4,178 | 3,619 | 559 | 6.30 | |
| 30-Jul-98 | 65,791 | 4,110 | 3,619 | 491 | 6.20 | |
| 6-Aug-98 | 65,218 | 4,005 | 3,587 | 418 | 6.10 | |
| 13-Aug-98 | 65,306 | 3,639 | 3,592 | 47 | 5.60 | |
| 20-Aug-98 | 64,580 | 3,821 | 3,552 | 269 | 5.90 | |
| 27-Aug-98 | 64,610 | 4,170 | 3,554 | 616 | 6.50 | |
| 3-Sep-98 | 64,853 | 4,083 | 3,567 | 516 | 6.30 | |
| 10-Sep-98 | 65,489 | 3,849 | 3,602 | 247 | 5.88 | |
| 17-Sep-98 | 65,732 | 4,110 | 3,615 | 495 | 6.25 | |
| 24-Sep-98 | 65,672 | 4,396 | 3,612 | 784 | 6.69 | |
| 1-Oct-98 | 65,980 | 4,276 | 3,629 | 647 | 6.50 | |
| 8-Oct-98 | 66,936 | 3,732 | 3,682 | 50 | 5.58 | |
| 15-Oct-98 | 66,836 | 3,765 | 3,676 | 89 | 5.63 | |
| 22-Oct-98 | 66,873 | 4,138 | 3,678 | 460 | 6.19 | |
| 29-Oct-98 | 66,920 | 4,383 | 3,681 | 702 | 6.55 | |
| 5-Nov-98 | 67,067 | 4,336 | 3,689 | 647 | 6.46 | |
| 12-Nov-98 | 67,504 | 3,831 | 3,713 | 118 | 5.68 | |
| 19-Nov-98 | 67,419 | 3,980 | 3,708 | 272 | 5.90 | |
| 26-Nov-98 | 67,361 | 4,364 | 3,705 | 659 | 6.48 | |
| 3-Dec-98 | 67,691 | 4,199 | 3,723 | 476 | 6.20 | |
| 10-Dec-98 | 68,055 | 4,132 | 3,743 | 389 | 6.07 | |
| 17-Dec-98 | 68,022 | 4,315 | 3,741 | 574 | 6.34 | |
| 24-Dec-98 | 68,471 | 4,203 | 3,766 | 437 | 6.14 | |
| 31-Dec-98 | 69,863 | 4,007 | 3,842 | 165 | 5.73 | |
| 7-Jan-99 | 70,095 | 4,067 | 3,855 | 212 | 5.80 | |
| 14-Jan-99 | 69,514 | 4,232 | 3,823 | 409 | 6.09 | |
| 21-Jan-99 | 69,529 | 4,829 | 3,824 | 1,005 | 6.95 | |
| 28-Jan-99 | 69,896 | 5,845 | 3,844 | 2,001 | 8.36 | |
| * : The deposit base is lagged by one week. | ||||||
| 24-Sep-98 | 65,672 | 4,396 | 3,612 | 784 | 6.7 | |
| 17-Sep-98 | 65,732 | 4,110 | 3,615 | 495 | 6.3 | |
| 10-Sep-98 | 65,489 | 3,849 | 3,602 | 247 | 5.9 | |
| 3-Sep-98 | 64,853 | 4,083 | 3,567 | 516 | 6.3 | |
| 27-Aug-98 | 64,610 | 4,170 | 3,554 | 616 | 6.5 | 702 |
| 20-Aug-98 | 64,580 | 3,821 | 3,552 | 269 | 5.9 | 702 |
| 13-Aug-98 | 65,306 | 3,639 | 3,592 | 47 | 5.6 | 702 |
| 6-Aug-98 | 65,218 | 4,005 | 3,587 | 418 | 6.1 | 702 |
| 30-Jul-98 | 65,791 | 4,110 | 3,619 | 491 | 6.2 | 702 |
| 23-Jul-98 | 65,805 | 4,178 | 3,619 | 559 | 6.3 | 702 |
| 16-Jul-98 | 65,930 | 4,102 | 3,626 | 476 | 6.2 | 702 |
| 9-Jul-98 | 66,821 | 3,695 | 3,675 | 20 | 5.5 | 702 |
| 2-Jul-98 | 59,391 | 4,055 | 3,563 | 492 | 6.8 | 702 |
| 25-Jun-98 | 59,033 | 4,458 | 3,542 | 916 | 7.6 | 702 |
| 18-Jun-98 | 59,012 | 4,300 | 3,541 | 759 | 7.3 | 702 |
| 11-Jun-98 | 58,971 | 3,978 | 3,538 | 440 | 6.7 | 702 |
| 4-Jun-98 | 58,901 | 3,951 | 3,534 | 417 | 6.7 | 702 |
| 28-May-98 | 58,744 | 4,019 | 3,525 | 494 | 6.8 | 702 |
| 21-May-98 | 58,810 | 3,852 | 3,529 | 323 | 6.6 | 702 |
| 14-May-98 | 59,322 | 3,698 | 3,559 | 139 | 6.2 | 702 |
| 7-May-98 | 59,750 | 4,124 | 3,585 | 539 | 6.9 | 702 |
| 30-Apr-98 | 59,380 | 4,263 | 3,563 | 700 | 7.2 | 702 |
| 23-Apr-98 | 59,108 | 4,154 | 3,546 | 608 | 7.0 | 702 |
| 16-Apr-98 | 58,890 | 3,946 | 3,533 | 413 | 6.7 | 702 |
| 9-Apr-98 | 59,532 | 3,634 | 3,572 | 62 | 6.1 | 702 |
| 2-Apr-98 | 59,275 | 3,560 | 3,556 | 4 | 6.0 | 702 |
| 27-Nov-97 | 55,715 | 3,749 | 3,343 | 406 | 6.7 | 702 |
| 20-Nov-97 | 55,725 | 3,726 | 3,344 | 382 | 6.7 | 702 |
| 13-Nov-97 | 55,833 | 3,363 | 3,350 | 13 | 6.0 | 702 |
| 6-Nov-97 | 54,978 | 3,511 | 3,299 | 212 | 6.4 | 702 |
| 30-Oct-97 | 54,478 | 3,862 | 3,269 | 593 | 7.1 | 702 |
| 23-Oct-97 | 54,201 | 3,832 | 3,252 | 580 | 7.1 | 702 |
| 16-Oct-97 | 54,535 | 3,630 | 3,272 | 357 | 6.7 | 702 |
| 9-Oct-97 | 55,970 | 3,431 | 3,358 | 73 | 6.1 | 702 |
| 2-Oct-97 | 54,604 | 3,758 | 3,276 | 482 | 6.9 | 702 |
| 25-Sep-97 | 54,315 | 3,305 | 3,259 | 46 | 6.1 | 702 |
| 18-Sep-97 | 54,232 | 3,436 | 3,254 | 182 | 6.3 | 702 |
| 11-Sep-97 | 54,172 | 3,329 | 3,250 | 78 | 6.1 | 702 |
| 4-Sep-97 | 53,629 | 3,456 | 3,218 | 238 | 6.4 | 702 |
| 28-Aug-97 | 53,260 | 3,714 | 3,196 | 518 | 7.0 | 702 |
| 21-Aug-97 | 53,186 | 3,555 | 3,191 | 364 | 6.7 | 702 |
| 14-Aug-97 | 53,797 | 3,326 | 3,228 | 98 | 6.2 | 702 |
| 7-Aug-97 | 53,737 | 3,466 | 3,224 | 242 | 6.5 | 702 |
| 31-Jul-97 | 53,114 | 3,380 | 3,187 | 193 | 6.4 | 702 |
| 24-Jul-97 | 52,985 | 3,305 | 3,179 | 126 | 6.2 | 702 |
| 17-Jul-97 | 52,978 | 3,643 | 3,179 | 464 | 6.9 | 702 |
| 10-Jul-97 | 53,602 | 4,256 | 3,216 | 1,040 | 7.9 | 702 |
| 3-Jul-97 | 53,088 | 5,205 | 4,247 | 958 | 9.8 | 702 |
| 26-Jun-97 | 52,891 | 5,247 | 4,231 | 1,016 | 9.9 | 702 |
| 19-Jun-97 | 52,694 | 5,095 | 4,216 | 879 | 9.7 | 702 |
| 12-Jun-97 | 52,373 | 4,831 | 4,190 | 641 | 9.2 | 702 |
| 5-Jun-97 | 52,047 | 4,464 | 4,164 | 300 | 8.6 | 702 |
| 702 | ||||||
| As from the week ended 9 July 1998, the minimum required cash ratio was reduced | ||||||
| from 6.0 per cent to 5.5 per cent of total deposits. In the calculation of cash ratio, | ||||||
| deposits denominated in all currencies are taken into consideration. | ||||||