Table 20: Maintenance of Cash Ratio by Commercial Banks | ||||||
Week | Deposit | Average | Required | Excess | Average | |
Ended | Base1 | 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) | |||||
2-Sep-99 | 75,354 | 4,665 | 4,145 | 520 | 6.19 | |
9-Sep-99 | 76,238 | 4,505 | 4,193 | 312 | 5.91 | |
16-Sep-99 | 76,623 | 4,752 | 4,214 | 538 | 6.20 | |
23-Sep-99 | 76,654 | 4,798 | 4,216 | 582 | 6.26 | |
30-Sep-99 | 77,571 | 4,933 | 4,266 | 667 | 6.36 | |
7-Oct-99 | 78,343 | 4,763 | 4,309 | 454 | 6.08 | |
14-Oct-99 | 78,470 | 4,699 | 4,316 | 383 | 5.99 | |
21-Oct-99 | 77,670 | 4,595 | 4,272 | 323 | 5.92 | |
28-Oct-99 | 77,697 | 4,559 | 4,273 | 286 | 5.87 | |
4-Nov-99 | 77,689 | 4,503 | 4,273 | 230 | 5.80 | |
11-Nov-99 | 77,924 | 4,915 | 4,286 | 629 | 6.31 | |
18-Nov-99 | 77,851 | 4,875 | 4,282 | 593 | 6.26 | |
25-Nov-99 | 78,100 | 4,875 | 4,295 | 579 | 6.24 | |
2-Dec-99 | 79,164 | 4,747 | 4,354 | 393 | 6.00 | |
9-Dec-99 | 79,708 | 4,838 | 4,384 | 454 | 6.07 | |
16-Dec-99 | 79,507 | 5,108 | 4,373 | 735 | 6.42 | |
23-Dec-99 | 79,365 | 5,360 | 4,365 | 995 | 6.75 | |
30-Dec-99 | 80,527 | 5,396 | 4,429 | 967 | 6.70 | |
6-Jan-00 | 80,908 | 4,662 | 4,450 | 212 | 5.76 | |
13-Jan-00 | 81,147 | 4,851 | 4,463 | 388 | 5.98 | |
20-Jan-00 | 81,130 | 4,924 | 4,462 | 462 | 6.07 | |
27-Jan-00 | 81,183 | 5,040 | 4,465 | 575 | 6.21 | |
1 The deposit base is lagged by one week. | ||||||