(Rs. crore)

Outstanding as on

Variation over

Financial year so far

Year-on-year

1999

2000

Fortnight

1998-99

1999-2000

1998

1999

Item

Mar. 31#

Jan. 14#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

9,72,204*

10,88,680

84

—

1,12,640*

13.7

1,16,476*

12.0

1,58,994*

20.5

1,54,709*

16.6

M 3

(11.5)

(12.2)

(18.2)

(16.9)

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,69,382

1,93,489

490

0.3

21,807

15.0

24,106

14.2

22,141

15.2

26,103

15.6

(ii)

Demand deposits with banks

1,35,111

1,35,324

2,304

1.7

-2,876

-2.4

214

0.2

12,570

12.2

19,476

16.8

(iii)

Time deposits with banks @

6,63,890

7,56,876

-2,414

-0.3

93,926

17.0

92,986

14.0

1,24,851

23.9

1,09,462

16.9

(iv)

"Other" deposits with Reserve Bank

3,821

2,992

-296

-9.0

-217

-6.1

-830

-21.7

-568

-14.6

-333

-10.0

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

(i)

Net bank credit to Government (a+b)

3,87,151

4,41,808

576

0.1

52,468

15.9

54,657

14.1

63,949

20.0

58,743

15.3

(a) Reserve Bank

1,52,539

1,54,569

-2,638

-1.7

18,080

13.4

2,029

1.3

25,895

20.3

1,329

0.9

(b) Other Banks

2,34,612

2,87,240

3,213

1.1

34,388

17.6

52,627

22.4

38,055

19.8

57,415

25.0

(ii)

Bank credit to commercial sector (a+b)

4,90,363

5,44,172

3,863

0.7

36,373

8.4

53,809

11.0

63,568

15.7

74,490

15.9

(a) Reserve Bank

12,226

8,243

-790

-8.7

4,400

53.7

-3,983

-32.6

4,764

60.9

-4,342

-34.5

(b) Other Banks

4,78,138

5,35,930

4,652

0.9

31,973

7.5

57,792

12.1

58,804

14.8

78,833

17.2

(iii)

Net foreign exchange assets of banking sector

1,76,778

1,91,548

817

0.4

30,415

22.0

14,771

8.4

42,721

34.0

23,038

13.7

(iv)

Government's currency liabilities to the public

3,846

4,079

—

—

352

10.5

233

6.1

476

14.7

375

10.1

(v)

Banking sector's net non-monetary liabilities

other than time deposits

85,934

92,928

5,171

5.9

6,968

8.3

6,994

8.1

11,719

14.8

1,938

2.1

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

60,455

69,636

2,745

4.1

17,915

41.4

9,180

15.2

15,674

34.4

8,438

13.8

@ : 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 precentage variation net of RIBs.