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Weekly Statistical Supplement


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Date : Apr 08, 2000
7. Money Stock : Components and Sources

(Rs. crore)


   

Outstanding as on

Variation over


       

Financial year so far

Year-on-year


   

1999

2000

Fortnight

1998-99

1999-2000

1999

2000


 

Item

 

Mar. 31#

Mar. 10#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%


 

1

 

2

3

4

5

6

7

8

9

10

11

12

13


               

M 3

  

9,72,204*

11,09,289

3,802

0.3

1,34,342*

16.4

1,37,084*

14.1

1,56,532*

19.6

1,53,615*

16.1

        

(14.2)

 

(14.4)

(17.3)

 

(16.4)

Components (i+ii+iii+iv)

             

(i)

Currency with the Public

 

1,69,382

1,95,463

4,187

2.2

27,764

19.1

26,081

15.4

23,519

15.7

22,121

12.8

(ii)

Demand deposits with banks

 

1,35,111

1,43,145

1,097

0.8

1,002

0.8

8,035

5.9

14,295

13.6

23,419

19.6

(iii)

Time deposits with banks @

 

6,63,890

7,68,139

-1,304

-0.2

1,06,333

19.2

1,04,250

15.7

1,18,361

21.9

1,08,318

16.4

(iv)

"Other" deposits with Reserve Bank

 

3,821

2,540

-179

-6.6

-757

-21.4

-1,281

-33.5

357

14.7

-243

-8.7

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

             

(i)

Net bank credit to Government (a+b)

 

3,87,151

4,44,980

7,193

1.6

57,790

17.5

57,828

14.9

60,962

18.6

56,592

14.6

 

(a) Reserve Bank

 

1,52,539

1,53,998

5,756

3.9

20,895

15.5

1,459

1.0

18,707

13.6

-2,057

-1.3

 

(b) Other Banks

 

2,34,612

2,90,982

1,437

0.5

36,896

18.9

56,369

24.0

42,256

22.2

58,649

25.2

(ii)

Bank credit to commercial sector (a+b)

 

4,90,363

5,58,095

-3,459

-0.6

42,284

9.8

67,732

13.8

55,319

13.2

82,502

17.3

 

(a) Reserve Bank

 

12,226

8,494

-4,793

-36.1

567

6.9

-3,732

-30.5

801

10.1

-259

-3.0

 

(b) Other Banks

 

4,78,138

5,49,602

1,334

0.2

41,716

9.8

71,464

14.9

54,517

13.2

82,761

17.7

(iii)

Net foreign exchange assets of banking sector

1,76,778

1,98,043

3,946

2.0

32,438

23.5

21,265

12.0

42,561

33.3

27,510

16.1

(iv)

Government's currency liabilities to the public

3,846

4,079

442

13.2

233

6.1

490

14.8

285

7.5

(v)

Banking sector's net non-monetary liabilities

            
 

other than time deposits

 

85,934

95,908

3,878

4.2

-1,388

-1.7

9,974

11.6

2,800

3.5

13,274

16.1

 

of which : Net non-monetary liabilities of RBI

60,455

70,554

832

1.2

16,876

39.0

10,098

16.7

15,595

35.0

10,395

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 variation net of RIBs.


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