Total liquid assets of the scheduled banks stood higher at Taka 316.995 billion at the end of November, 2005 compared to Taka 305.71 billion at the end of June, 2005, marking a rise by 3.69 per cent, reports BSS. The excess liquidity of the scheduled banks stood at Taka 79.338 billion at the end of November 2005 compared to Taka 109.42 billion at the end of June, 2005, Bangladesh Bank sources said. The disbursement of agricultural credit during the first five months of this fiscal was recorded at Taka 19.17 billion compared to Taka 16.48 billion during July-November, 2004. The recovery of agricultural credit during the period also stood at Taka 13.563 billion compared to Taka 8.106 billion during July-November, 2004. The position of overdue agricultural credit as percentage of total outstanding improved, falling from 49.63 at the end of November, 2004 to 43.54 at the end of November, 2005. Reserve money recorded a larger increase of Taka 30.503 billion or 10.32 per cent during the period compared to the increase of Taka 9.205 billion or 3.51 per cent during the same period of last fiscal. The higher growth of reserve money was recorded mainly due to increase of Taka 50.283 billion or 34.87 per cent increase in net domestic assets, which stemmed from a large increase of Taka 23.066 billion or 14.67 per cent as claims on government. On the other hand, net foreign assets of the Bangladesh Bank declined by Taka 19.78 billion or 13.08 per cent during the period under report. Broad money recorded an increase of Taka 88.65 billion or 5.73 per cent during July-November, 2005 against the increase of Taka 71.33 billion or 5.50 per cent during the corresponding period of last fiscal. Of the components of broad money, currency outside banks rose by Taka 15.73 billion or 8.49 per cent and deposits increased by Taka 71.11 billion or 5.34 per cent; of which time deposits increased by Taka 71.56 billion or 6.17 per cent while demand deposits decreased by Taka 440 million (44 crore) or 0.26 per cent, the central bank source said. Domestic credit recorded a remarkable increase of Taka 125.55 billion or 8.51 per cent during the five months against the increase of Taka 57.48 billion or 4.58 per cent during the same period of the last fiscal. The rise in domestic credit during the period under report was due mainly to the rise of public sector credit by Taka 65.91 billion or 17.90 per cent. Of the total domestic credit, credit to the government increased by Taka 34.19 billion or 13.34 per cent and credit to other public sector increased markedly by Taka 31.72 billion or 28.35 per cent. Credit to the private sector also increased by Taka 59.64 billion or 5.39 per cent during the July-November period in the current fiscal
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