Table 19 : Cash Ratio of Commercial Banks |
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Week |
Deposit |
Average |
Required |
Excess |
Average |
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Ended |
Base* |
Cash |
Minimum |
Cash |
Cash |
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Balances |
Cash |
Holdings |
Ratios |
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Held for |
Balances |
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the Week |
5.5% of (1) |
(2) - (3) |
(2) / (1) |
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(1) |
(2) |
(3) |
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(Rs Million) |
(Per cent) |
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9-Jul-98 |
66,821 |
3,695 |
3,675 |
20 |
5.50 |
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16-Jul-98 |
65,930 |
4,102 |
3,626 |
476 |
6.20 |
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23-Jul-98 |
65,805 |
4,178 |
3,619 |
559 |
6.30 |
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30-Jul-98 |
65,791 |
4,110 |
3,619 |
491 |
6.20 |
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6-Aug-98 |
65,218 |
4,005 |
3,587 |
418 |
6.10 |
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13-Aug-98 |
65,306 |
3,639 |
3,592 |
47 |
5.60 |
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20-Aug-98 |
64,580 |
3,821 |
3,552 |
269 |
5.90 |
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27-Aug-98 |
64,610 |
4,170 |
3,554 |
616 |
6.50 |
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3-Sep-98 |
64,853 |
4,083 |
3,567 |
516 |
6.30 |
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10-Sep-98 |
65,489 |
3,849 |
3,602 |
247 |
5.88 |
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17-Sep-98 |
65,732 |
4,110 |
3,615 |
495 |
6.25 |
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24-Sep-98 |
65,672 |
4,396 |
3,612 |
784 |
6.69 |
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1-Oct-98 |
65,980 |
4,276 |
3,629 |
647 |
6.50 |
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8-Oct-98 |
66,936 |
3,732 |
3,682 |
50 |
5.58 |
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15-Oct-98 |
66,836 |
3,765 |
3,676 |
89 |
5.63 |
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22-Oct-98 |
66,873 |
4,138 |
3,678 |
460 |
6.19 |
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29-Oct-98 |
66,920 |
4,383 |
3,681 |
702 |
6.55 |
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5-Nov-98 |
67,067 |
4,336 |
3,689 |
647 |
6.46 |
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12-Nov-98 |
67,504 |
3,831 |
3,713 |
118 |
5.68 |
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19-Nov-98 |
67,419 |
3,980 |
3,708 |
272 |
5.90 |
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26-Nov-98 |
67,361 |
4,364 |
3,705 |
659 |
6.48 |
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3-Dec-98 |
67,691 |
4,199 |
3,723 |
476 |
6.20 |
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10-Dec-98 |
68,055 |
4,132 |
3,743 |
389 |
6.07 |
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17-Dec-98 |
68,022 |
4,315 |
3,741 |
574 |
6.34 |
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24-Dec-98 |
68,471 |
4,203 |
3,766 |
437 |
6.14 |
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31-Dec-98 |
69,863 |
4,007 |
3,842 |
165 |
5.73 |
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7-Jan-99 |
70,095 |
4,067 |
3,855 |
212 |
5.80 |
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14-Jan-99 |
69,514 |
4,232 |
3,823 |
409 |
6.09 |
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21-Jan-99 |
69,529 |
4,829 |
3,824 |
1,005 |
6.95 |
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28-Jan-99 |
69,896 |
5,845 |
3,844 |
2,001 |
8.36 |
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* : The deposit base is lagged by one week. |
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24-Sep-98 |
65,672 |
4,396 |
3,612 |
784 |
6.7 |
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17-Sep-98 |
65,732 |
4,110 |
3,615 |
495 |
6.3 |
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10-Sep-98 |
65,489 |
3,849 |
3,602 |
247 |
5.9 |
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3-Sep-98 |
64,853 |
4,083 |
3,567 |
516 |
6.3 |
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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 |
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702 |
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As from the week ended 9 July 1998, the minimum required cash ratio was reduced |
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from 6.0 per cent to 5.5 per cent of total deposits. In the calculation of cash ratio, |
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deposits denominated in all currencies are taken into consideration. |
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