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Weekly Statistical Supplement


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Date : Oct 21, 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#

Sep. 22#

 

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%


 

1

 

2

3

 

4

5

6

7

8

9

10

11

12

13


M 3

  

11,17,202

11,90,775

 

6,103

0.5

67,153*

6.8

73,573

6.6

1,47,023*

16.3

1,42,602*

13.6

                

Components (i+ii+iii+iv)

              

(i)

Currency with the Public

 

1,88,705

1,94,199

 

-3,984

-2.0

7,623

4.5

5,494

2.9

25,144

16.6

17,632

10.0

                

(ii)

Demand deposits with banks

 

1,48,806

1,46,999

 

3,720

2.6

-5,255

-3.9

-1,807

-1.2

13,004

11.0

15,866

12.1

(iii) Time deposits with banks

 

7,76,581@

8,45,850@

6,551

0.8

64,034

9.5

69,269

8.9

1,08,052

17.2

1,09,924

14.9

(iv) "Other" deposits with Reserve Bank

 

3,109

3,726

 

-183

-4.7

751

19.8

617

19.9

824

22.1

-820

-18.0

                

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

              

(i)

Net bank credit to Government sector (a+b)

4,41,754

4,72,527

 

-4,317

-0.9

37,267

9.6

30,773

7.0

56,271

15.3

48,583

11.5

 

(a) Reserve Bank

 

1,48,264

1,51,950

 

-5,767

-3.7

-1,562

-1.0

3,686

2.5

14,558

10.7

972

0.6

 

(b) Other Banks

 

2,93,490

3,20,577

 

1,450

0.5

38,828

16.6

27,088

9.2

41,713

18.0

47,611

17.4

                

(ii)

Bank credit to commercial sector (a+b)

 

5,78,538

6,10,565

 

3,100

0.5

12,134

2.4

32,027

5.5

65,526

14.8

1,02,442

20.2

 

(a) Reserve Bank

 

15,270

11,361

 

-1,762

-13.4

-2,448

-20.0

-3,909

-25.6

1,596

19.5

1,584

16.2

 

(b) Other Banks

 

5,63,268

5,99,204

 

4,862

0.8

14,582

3.0

35,936

6.4

63,930

14.7

1,00,858

20.2

(iii) Net foreign exchange assets of banking sector

2,05,648

2,02,611

 

1,464

0.7

583

0.3

-3,037

-1.5

24,471

15.9

24,175

13.5

(iv) Government's currency liabilities to the public

4,262

4,269

 

331

8.6

7

0.2

580

16.1

92

2.2

                

(v)

Banking sector's net non-monetary liabilities

             
 

other than time deposits

 

1,13,000

99,197

 

-5,856

-5.6

-16,839

-20.2

-13,803

-12.2

-175

-0.3

32,690

49.2

                
 

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

70,147

71,173

 

2,288

3.3

3,789

6.3

1,026

1.5

8,323

14.9

6,903

10.7


@

: 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.


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