(Rs. crore)

Outstanding as on

Variation over

Item

Financial year so far

Year-on-year

1999

Fortnight

1998-99

1999-2000

1998

1999

Mar.31#

Nov. 5#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

9,72,204*

10,60,797

6,292

0.6

90,290*

11.0

88,593*

9.1

1,44,367*

18.8

1,49,175*

16.4

(8.8)

(9.3)

(16.5)

(16.7)

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,69,382

1,89,624

6,508

3.6

13,770

9.5

20,242

12.0

11,519

7.8

30,276

19.0

(ii)

Demand deposits with banks

1,35,111

1,30,829

-970

-0.7

-3,062

-2.6

-4,282

-3.2

14,952

14.8

15,166

13.1

(iii)

Time deposits with banks@

6,63,890

7,36,905

335

—

79,716

14.4

73,015

11.0

1,19,391

23.2

1,03,701

16.4

(iv)

"Other" deposits with Reserve Bank

3,821

3,439

420

13.9

-133

-3.8

-382

-10.0

-1,495

-30.5

31

0.9

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

(i)

Net bank credit to Government (a+b)

3,87,151

4,37,351

5,149

1.2

48,361

14.6

50,200

13.0

59,340

18.6

58,393

15.4

(a) Reserve Bank

1,52,539

1,63,587

5,004

3.2

16,035

11.9

11,048

7.2

29,101

23.8

12,393

8.2

(b) Other Banks

2,34,612

2,73,764

145

0.1

32,326

16.5

39,151

16.7

30,239

15.3

46,000

20.2

(ii)

Bank credit to commercial sector (a+b)

4,90,363

5,22,128

3,120

0.6

15,380

3.5

31,765

6.5

60,553

15.6

73,439

16.4

(a) Reserve Bank

12,226

12,097

515

4.5

64

0.8

-128

-1.1

387

4.9

3,848

46.6

(b) Other Banks

4,78,138

5,10,031

2,605

0.5

15,316

3.6

31,893

6.7

60,166

15.8

69,590

15.8

(iii)

Net foreign exchange assets of banking sector

1,76,778

1,85,303

2,907

1.6

17,007

12.3

8,525

4.8

37,958

32.4

30,201

19.5

(iv)

Government's currency liabilities to the public

3,846

4,079

—

—

290

8.6

233

6.1

467

14.7

437

12.0

(v)

Banking sector's net non-monetary

85,934

88,064

4,884

5.9

-9,253

-11.0

2,130

2.5

13,951

22.9

13,295

17.8

liabilities other than time deposits

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

60,455

67,012

753

1.1

13,859

32.0

6,556

10.8

21,374

59.8

9,870

17.3

@:

Includes Rs. 17,945 crore on account of Resurgent India Bonds (RIBs), since August 28, 1998.

* :

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.

Note : Figures in brackets are percentage variations net of RIBs.