Investments of Scheduled Commercial Banks (End-March 1996)

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Published on April 30, 1998

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Investments of Scheduled Commercial Banks (End-March 1996)

The Reserve Bank of India conducts annual survey of investments of Scheduled Commercial Banks in India (excluding Regional Rural Banks) as at the end of March of each year and the results are published in the RBI Bulletin . This article analyses the results of the survey for the year ended March 1996.@

Table 1: Investments of Scheduled Commercial Banks
(As at end-March)
Category	1995	1996
(Rs.Crore)
(1)	(2)	(3)
I. Investments by Offices in India	1,74,146	1,90,233
	(98.8)	(98.5)
(A) Indian Government Securities	1,20,861	1,35,980
	(68.5)	(70.4)
i) Central Government Securities	98,064	1,10,319
	(55.6)	(57.1)
ii) State Governments' Securities	22,797	25,661
	(12.9)	(13.3)
(B) Other Domestic Securities	53,202	54,109
	(30.2)	(28.0)
a) Other Trustee Securities	32,123	31,792
	(18.2)	(16.5)
ii) Securities Counting for SLR	31,330	31,267
	(17.8)	(16.2)
ii) Units of UTI	793	525
	(0.4)	(0.3)
b) Others (Not counting for SLR)	21,079	22,317
	(12.0)	(11.5)
i) Shares and Debentures of Joint Stock Companies	17,678	19,973
	(10.0)	(10.3)
ii) Fixed Deposits	311	378
	(0.2)	(0.2)
iii) Certificate of Deposits and Commercial Papers	2,096	830
	(1.2)	(0.4)
iv) Mutual Funds	514	532
	(0.3)	(0.3)
v) Others	480	604
	(0.3)	(0.3)
(C) Foreign Securities	83	144
	(0.1)	(0.1)
II. Investments by Foreign Offices of Indian Banks	2,185	2,937
	(1.2)	(1.5)
Total Investments	1,76,331	1,93,170
	(100.0)	(100.0)
Note: Figures in brackets indicate percentages to total.

2. Scope and Coverage

2.1 The survey covers investments (Indian/ Foreign securities) of all Indian Scheduled Commercial Banks (other than Regional Rural Banks) including those of the offices of Indian Scheduled Commercial Banks in foreign countries. In the case of Foreign Banks operating in India, only the investments made by their Indian branches are covered. The types of investments covered in the survey are:

Central and State Governments' Securities;
Other Trustee Securities;
Shares, Bonds and Debentures of Indian Joint Stock Companies;
Fixed Deposits with Banks;
Other Domestic Securities including initial contribution to the share capital of Unit Trust of India and
Foreign Securities and other Foreign Investments.

2.2 The investment figures relate to the face value of investments unless otherwise indicated. Investments in real estate, bullion and securities held by banks as collateral are excluded from the purview of the survey. But the securities owned by individual banks lodged with other banks as cover for call and other loans are included in this survey.

2.3 The findings of this survey are presented in three sections. In Section I, the overall pattern of banks' investments is examined. Bank group-wise analysis is undertaken in Section II and State-wise analysis of investments is made in Section III.

**Table 2 : Book/Face value of Investments of Scheduled Commercial Banks in Government & Other Trustee Securities (As at end March)**
Type of Securities	1995		1996		Book Value as Percentage of Face Value
(Rs. Crore)
Type of Securities	Book Value	Face Value	Book Value	Face Value	1995	1996
(1)	(2)	(3)	(4)	(5)	(6)	(7)
1. Central Government	92,288	94,588	1,05,000	1,09,050	97.6	96.3
Securities*	(62.6)	(63.3)	(64.7)	(65.5)
2. State Governments'	22,716	22,797	25,495	25,661	99.6	99.4
Securities	(15.4)	(15.2)	(15.7)	(15.4)
3. Other Trustee	32,388	32,123	31,878	31,791	100.8	100.3
Securities	(22.0)	(21.5)	(19.6)	(19.1)
Total	1,47,392	1,49,508	1,62,373	1,66,502	98.6	97.5
Total	(100.0)	(100.0)	(100.0)	(100.0)
Note: Figures in brackets indicate percentages to total * Excluding Treasury Bills