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Weekly Statistical Supplement


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Date : Sep 22, 2006
Money Stock : Components and Sources
             

(Rs. crore)

                             
     

Outstanding as on

Variation over

                             
             

Financial year so far

Year-on-year

     

2006

Fortnight

               
             

2005-2006

2006-2007

2005

 

2006

Item

 

Mar. 31 #

Sep. 1#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

   

2

3

4

5

6

7

8

9

10

11

12

13

     

27,29,535

28,90,300

9,945

0.3

88,508

3.8

1,60,765

5.9

3,18,632

15.2

4,69,125

19.4

M3

                           
                     

(3,15,119)

(15.0)

   

Components (i+ii+iii+iv)

                       

(i)

Currency with the Public

4,13,143

4,33,441

–5,796

–1.3

12,421

3.5

20,298

4.9

41,137

12.6

66,149

18.0

(ii)

Demand deposits with banks

4,05,224

3,79,102

2,442

0.6

–9,622

–3.0

–26,121

–6.4

61,342

24.5

67,362

21.6

(iii)

Time deposits with banks @

19,04,290

20,71,162

13,174

0.6

86,552

5.2

1,66,872

8.8

2,15,192

14.1

3,34,497

19.3

                     

(2,11,679)

(13.9)

   

(iv)

'Other' deposits with Reserve Bank

6,879

6,595

125

1.9

–842

–13.3

–284

–4.1

961

21.3

1,118

20.4

Sources (i+ii+iii+iv-v)

                       

(i)

Net Bank credit to Government (a+b)

7,69,093

7,99,287

2,343

0.3

18,304

2.4

30,195

3.9

2,539

0.3

32,277

4.2

                     

(–9,653)

(–1.3)

   
 

(a) Reserve Bank

8,136

–7,604

–6,352

 

–8,094

 

–15,741

 

–44,757

 

28,152

 
 

(b) Other Banks

7,60,956

8,06,891

8,695

1.1

26,397

3.4

45,935

6.0

47,296

6.3

4,125

0.5

(ii)

Bank credit to commercial sector (a+b)

16,90,961

17,83,217

15,402

0.9

64,140

4.8

92,256

5.5

3,10,736

28.6

3,87,819

27.8

                     

(2,77,854)

(25.6)

   
 

(a) Reserve Bank

1,387

1,384

–3

–0.2

–3

–0.2

–503

–26.6

–3

–0.2

 

(b) Other Banks

16,89,574

17,81,833

15,402

0.9

64,142

4.8

92,259

5.5

3,11,238

28.7

3,87,822

27.8

(iii)

Net foreign exchange assets of banking sector

7,26,194

8,24,166

5,896

0.7

23,094

3.6

97,971

13.5

98,561

17.2

1,53,169

22.8

(iv)

Government's currency liabilities to the public

8,754

8,818

735

9.9

64

0.7

844

11.5

635

7.8

(v)

Banking sector's net non-monetary liabilities

                       
 

other than time deposits

4,65,466

5,25,188

13,696

2.7

17,764

4.4

59,721

12.8

94,048

28.8

1,04,775

24.9

 

of which : Net non-monetary liabilities of RBI

1,23,990

1,88,716

4,705

2.6

–6,824

–5.5

64,726

52.2

–14,228

–10.9

72,326

62.1

                             

@ : Data reflect redemption of India Millennium Deposits (IMDs) on December 29, 2005.
Notes:
1. Figures in parentheses exclude the impact of conversion of a non-banking entity into banking entity from October 11, 2004.
2. Government Balances as on March 31, 2006 are after closure of accounts.
3. Financial year variation during 2006-07 so far is worked out from March 31, 2006, whereas the corresponding financial year variation during 2005-06
is worked out from April 1, 2005.


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