| (Rs. crore) |
| Item |
Outstanding as on |
Variation Over |
| 1998 |
Fortnight |
Financial year so far |
Year |
| 1997-98 |
1998-99 |
| Mar. 31# |
Aug. 28# |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
| 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
| M3 |
8,25,389 |
8,81,598@ |
17,254 |
2.0 |
32,112 |
4.6 |
56,209 |
6.8 |
1,47,638 |
20.1
|
| Components (i+ii+iii+iv)
|
| (i) Currency with the Public |
1,45,182 |
1,49,682 |
-4,500 |
-2.9 |
5,314 |
4.0 |
4,500 |
3.1 |
12,281 |
8.9
|
| (ii) Demand deposits with banks |
1,18,435 |
1,11,325 |
1,000 |
0.9 |
-8,323 |
-7.9 |
-7,111 |
-6.0 |
14,314 |
14.8
|
| (iii) Time deposits with banks |
5,58,167 |
6,15,836@ |
19,958 |
3.3 |
34,192 |
7.4 |
57,668 |
10.3 |
1,20,410 |
24.3
|
| (iv) "Other" deposits with Reserve Bank |
3,604 |
4,756 |
795 |
|
929 |
|
1,152 |
|
634 |
|
| Sources (i+ii+iii+iv-v)
|
| (i) Net bank credit to Government (a+b) |
3,30,619 |
3,63,496 |
-192 |
-0.1 |
18,006 |
6.2 |
32,876 |
9.9 |
56,870 |
18.5
|
| (a) Reserve Bank |
1,35,160 |
1,40,637 |
-4,869 |
|
-13,564 |
|
5,477 |
|
30,019 |
|
| (b) Other Banks |
1,95,460 |
2,22,859 |
4,678 |
|
31,569 |
|
27,400 |
|
26,852 |
|
| (ii) Bank credit to commercial sector (a+b) |
4,32,190 |
4,33,725 |
1,381 |
0.3 |
1,226 |
0.3 |
1,535 |
0.4 |
56,191 |
14.9
|
| (a) Reserve Bank |
8,186 |
8,200 |
-249 |
|
1,553 |
|
14 |
|
399 |
|
| (b) Other Banks |
4,24,004 |
4,25,525 |
1,629 |
|
-328 |
|
1,520 |
|
55,792 |
|
| (iii) Net foreign exchange assets of banking sector |
1,26,569 |
1,28,157 |
3,401 |
2.7 |
14,428 |
13.7 |
1,587 |
1.3 |
8,233 |
6.9
|
| (iv) Government's currency liabilities to the public |
3,120 |
3,241 |
- |
|
180 |
|
121 |
|
143 |
|
| (v) Banking sector's net non-monetary liabilities
|
| other than time deposits |
67,110 |
47,020 |
-12,664 |
|
1,726 |
|
-20,090 |
|
-26,201 |
|
| of which : Net non-monetary liabilities of R.B.I. |
43,219 |
53,804 |
180 |
|
-1,392 |
|
10,585 |
|
20,012 |
|
|
@ : Includes Rs. 17,945 crore on account of proceeds from Resurgent India Bonds (RIBs). Excluding these proceeds, the year-on-year M3 growth rate in cloumn 11 would work out to be 17.7 per cent.
|
|