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)

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

4-Feb-99

69,992

4,630

3,850

780

6.61

11-Feb-99

70,603

4,134

3,883

251

5.86

18-Feb-99

70,368

4,266

3,870

396

6.06

25-Feb-99

70,142

4,533

3,858

675

6.46

*: The deposit base is lagged by one week.