03 January 2011

Fortnightly round up of key banking and economic indicators: Emkay

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Emkaynomics
Fortnightly round up of key banking and economic indicators


n     The growth in non food credit has moved up to 23.5% for the week ended Dec 17, 2010 however growth in deposit mobilisation remained low at 14.8%
n     The CD ratio has expanded to 75.8% for the week ended Dec. 17, 2010 with TTM CD ratio moving past 100%. The incr. CD ratio stood at a high of 128%
n     Money supply growth has moderated further to 15.8% and the money multiplier marginally dropped to 4.86x
n     Call money rates eased to 5.65% on January 03, 2011 from 6.45% last fortnight, indicating an ease in liquidity pressures
n     The shortage of liquidity in the system was to the tune of Rs418bn.  The net repo balances stood at ~ Rs1.48tn for the week ended Dec 24, 2010.
n     The spread between the long and short end OIS has eased and stand at 30bps as opposed to 39 bps last fortnight

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