(Rs. crore)

Outstanding

Variation over

as on

Item

1999

Fortnight

1998-99

1999-2000

Year

Mar. 31#

Jul. 30#

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

M3

9,72,204 *

10,17,016

615

0.1

36,789 *

4.5

44,812 *

4.6

1,58,896 *

18.5

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,69,382

1,76,604

-6,274

-3.4

4,818

3.3

7,221

4.3

26,207

17.4

(ii)

Demand deposits with banks

1,35,111

1,27,452

221

0.2

-3,769

-3.2

-7,659

-5.7

12,497

10.9

(iii)

Time deposits with banks

6,63,890

7,08,122@

6,715

1.0

35,013

6.3

44,232

6.7

1,19,621

20.3

(iv)

"Other" deposits with Reserve Bank

3,821

4,838

-47

-1.0

727

20.5

1,017

26.6

571

13.4

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

(i)

Net bank credit to Government (a+b)

3,87,151

4,18,717

-475

-0.1

36,435

11.0

31,566

8.2

51,686

14.1

(a) Reserve Bank

1,52,539

1,56,263

-2,736

-1.7

15,512

11.5

3,724

2.4

5,590

3.7

(b) Other Banks

2,34,612

2,62,455

2,261

0.9

20,922

10.7

27,842

11.9

46,095

21.3

(ii)

Bank credit to commercial sector (a+b)

4,90,363

4,94,508

-3,871

-0.8

-441

-0.1

4,144

0.8

61,640

14.2

(a) Reserve Bank

12,226

9,231

-2,614

-22.1

284

3.5

-2,995 -24.5

762

9.0

(b) Other Banks

4,78,138

4,85,277

-1,256

-0.3

-725

-0.2

7,139

1.5

60,878

14.3

(iii)

Net foreign exchange assets of banking sector

1,64,362

1,71,284

2,349

1.4

3,252

2.4

6,922

4.2

29,937

21.2

(iv)

Government's currency liabilities to the public

3,846

3,846

—

—

170

5.1

—

—

324

9.2

(v)

Banking sector's net non-monetary liabilities

other than time deposits

73,519

71,339

-2,611

-3.5

2,627

3.1

-2,180

-3.0

-15,310

-17.7

of which : Net non-monetary liabilities of R.B.I.

60,455

67,065

2,439

3.8

15,081

34.8

6,610

10.9

8,702

14.9

@ :

Includes Rs. 17,945 crore on account of proceeds from Resurgent India Bonds (RIBs). Excluding these proceeds, the year-on-year M₃ growth rate in column11 would work out to be 16.4 per cent.

* :

Revised in line with the new accounting standards and consistent with the methodology suggested by the Working Group on Money Supply: Analytics and Methodology of Compilation (June 1998). The revision is in respect of pension and provident funds with commercial banks which are classified as other demand and time liabilities and includes those banks which have reported such changes so far.