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Weekly Statistical Supplement


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Date : May 13, 2000
7. Money Stock : Components and Sources

(Rs. crore)


   

Outstanding as on

  

Variation over


       

Financial year so far

Year-on-year


   

2000

Fortnight

1999-2000

2000-2001

1999

2000


 

Item

 

Mar. 31#

Apr. 21#

Amount

%

Amount

 

%

Amount

%

Amount

%

Amount

%


 

1

 

2

3

4

5

6

 

7

8

9

10

11

12

13


M 3

  

11,11,707

11,46,211

-148

11,603*

 

1.2

34,504

3.1

1,53,340*

18.3

1,55,976*

15.8

        

(1.2)

 

(3.2)

 

(16.2)

 

(16.0)

                

Components (i+ii+iii+iv)

              
                

(i)

Currency with the Public

 

1,89,319

1,98,741

4,881

2.5

10,529

 

6.2

9,422

5.0

24,759

16.0

19,242

10.7

(ii)

Demand deposits with banks

 

1,47,353

1,51,288

- 3,475

- 2.2

- 8,631

-

6.3

3,936

2.7

13,376

11.7

23,884

18.7

                

(iii) Time deposits with banks @

 

7,71,930

7,93,168

-274

10,324

 

1.5

21,238

2.8

1,14,529

20.2

1,13,012

16.6

(iv) "Other" deposits with Reserve Bank

 

3,105

3,014

- 1,280

- 29.8

-619

-

16.3

-91

- 2.9

677

27.1

-163

- 5.1

                

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

              

(i)

Net bank credit to Government sector (a+b)

4,41,371

4,61,450

8,863

2.0

13,269

 

3.4

20,079

4.5

62,555

18.5

61,345

15.3

 

(a) Reserve Bank

 

1,48,264

1,58,724

16,375

11.5

3424

 

2.2

10,461

7.1

26,748

20.7

2,761

1.8

                
 

(b) Other Banks

 

2,93,107

3,02,725

- 7,513

- 2.4

9,845

 

4.2

9,618

3.3

35,808

17.2

58,584

24.0

(ii)

Bank credit to commercial sector (a+b)

 

5,75,921

5,84,328

-153

- 2,264

-

0.5

8,407

1.5

61,071

14.2

91,797

18.6

                
 

(a) Reserve Bank

 

15,270

8,522

232

2.8

- 1,957

-

16.0

- 6,748

- 44.2

2,067

25.2

- 1,747

- 17.0

 

(b) Other Banks

 

5,60,651

5,75,807

-384

- 0.1

-307

-

0.1

15,155

2.7

59,004

13.9

93,544

19.4

                

(iii) Net foreign exchange assets of banking sector

1,94,433

1,95,296

251

0.1

1,203

 

0.7

863

0.4

39,571

28.6

17,315

9.7

(iv) Government's currency liabilities to the public

4,194

4,194

21

 

0.5

479

14.1

328

8.5

(v)

Banking sector's net non-monetary liabilities

             
                
 

other than time deposits

 

1,04,212

99,057

9,109

10.1

626

 

0.7

- 5,155

- 4.9

10,336

14.0

14,809

17.6

 

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

70,151

72,691

-965

- 1.3

502

 

0.8

2,540

3.6

14,664

31.7

11,708

19.2


@

: 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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