(Rs. crore)

Outstanding

Variation over

Item

as on

Financial year so far

Year-on-year

1999

Fortnight

1998-99

1999-2000

1998

1999

Mar. 31#

Nov. 19#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

9,72,204*

10,63,085

2,288

0.2

93,705*

11.4

90,880*

9.3

1,51,452*

19.8

1,48,048*

16.2

(9.2)

(9.5)

(17.5)

(16.5)

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,69,382

1,90,325

701

0.4

13,408

9.2

20,943

12.4

14,575

10.1

31,338

19.7

(ii)

Demand deposits with banks

1,35,111

1,28,446

-2,383

-1.8

-3,648

-3.1

-6,665

-4.9

14,387

14.3

13,369

11.6

(iii)

Time deposits with banks@

6,63,890

7,41,022

4,117

0.6

83,884

15.2

77,132

11.6

1,23,927

24.1

1,03,650

16.3

(iv)

"Other" deposits with Reserve Bank

3,821

3,292

-147

-4.3

61

1.7

-529

-13.9

-1,437

-28.5

-310

-8.6

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

(i)

Net bank credit to Government (a+b)

3,87,151

4,34,056

-3,295

-0.8

48,838

14.8

46,905

12.1

61,298

19.3

54,621

14.4

(a) Reserve Bank

1,52,539

1,56,970

-6,617

-4.0

16,293

12.1

4,431

2.9

32,139

26.9

5,518

3.6

(b) Other Banks

2,34,612

2,77,086

3,322

1.2

32,546

16.7

42,474

18.1

29,159

14.7

49,103

21.5

(ii)

Bank credit to commercial sector (a+b)

4,90,363

5,20,856

-1,272

-0.2

15,541

3.6

30,493

6.2

60,758

15.7

72,005

16.0

(a) Reserve Bank

12,226

10,087

-2,010

-16.6

116

1.4

-2,138

-17.5

389

4.9

1,785

21.5

(b) Other Banks

4,78,138

5,10,769

738

0.1

15,425

3.6

32,631

6.8

60,369

15.9

70,220

15.9

(iii)

Net foreign exchange assets of banking sector

1,76,778

1,86,439

1,136

0.6

17,246

12.5

9,661

5.5

39,974

34.6

31,098

20.0

(iv)

Government's currency liabilities to the public

3,846

4,079

—

—

318

9.5

233

6.1

469

14.6

409

11.1

(v)

Banking sector's net non-monetary liabilities

other than time deposits

85,934

82,346

-5,718

-6.5

-11,762

-14.0

-3,588

-4.2

11,047

18.0

10,085

14.0

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

60,455

66,549

-463

-0.7

13,597

31.4

6,094

10.1

19,406

51.8

9,669

17.0

@: 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.