(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#

Dec. 15#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

11,17,202

12,53,242

7,569

0.6

93,858*

9.6

1,36,040

12.2

1,51,180*

16.4

1,78,365

16.6

(9.9)

(14.2)

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,88,705

2,06,461

4,684

2.3

21,304

12.6

17,756

9.4

27,804

17.1

16,213

8.5

(ii)

Demand deposits with banks

1,48,806

1,51,567

2,020

1.4

–6,755

–5.0

2,761

1.9

15,115

13.2

21,934

16.9

(iii)

Time deposits with banks@

7,76,581

8,92,278

1,107

0.1

79,381

11.8

1,15,697

14.9

1,08,536

16.9

1,41,005

18.8

(iv)

"Other" deposits with Reserve Bank

3,109

2,936

–243

–7.6

–72

–1.9

–172

–5.5

–276

–6.9

–787

–21.1

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

(i)

Net bank credit to Government sector (a+b)

4,41,754

4,98,565

3,863

0.8

51,647

13.4

56,812

12.9

58,278

15.3

60,241

13.7

(a) Reserve Bank

1,48,264

1,55,114

–1,147

–0.7

3,693

2.4

6,850

4.6

6,970

4.7

–1,118

–0.7

(b) Other Banks

2,93,490

3,43,451

5,009

1.5

47,955

20.5

49,961

17.0

51,308

22.2

61,359

21.8

(ii)

Bank credit to commercial sector (a+b)

5,78,538

6,32,806

8,085

1.3

33,038

6.7

54,268

9.4

76,128

16.8

1,03,778

19.6

(a) Reserve Bank

15,270

12,440

3,927

46.1

–3,965 –32.4

–2,830

–18.5

–87

–1.0

4,180

50.6

(b) Other Banks

5,63,268

6,20,366

4,158

0.7

37,004

7.6

57,097

10.1

76,214

17.1

99,598

19.1

(iii)

Net foreign exchange assets of banking sector

2,05,648

2,25,141

2,589

1.2

6,649

3.7

19,493

9.5

18,720

11.3

40,638

22.0

(iv)

Government's currency liabilities to the public

4,262

4,269

—

—

390

10.1

7

0.2

531

14.3

33

0.8

(v)

Banking sector's net non-monetary liabilities

other than time deposits

1,13,000

1,07,538

6,968

6.9

–2,134

–2.6

–5,462

–4.8

2,477

3.1

26,325

32.4

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

70,147

78,147

1,144

1.5

5,994

9.9

8,000

11.4

7,457

12.6

11,672

17.6

* :

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. @ : Includes Rs. 17,945 crore on account of proceeds from Resurgent India Bonds (RIBs), since August 28,1998 and Rs. 25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Figures in parentheses are net of IMDs.