(Rs. crore)

Outstanding as on

Variation over

Item

Financial year so far

1998

Fortnight

1997-98

1998-99

Year

Mar. 31#

Dec. 4#

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

8,25,389

9,21,653

4,033

0.4

70,486

10.0

96,264

11.7

1,49,319

19.3

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,45,182

1,61,108

2,389

1.5

13,803

10.4

15,925

11.0

15,218

10.4

(ii)

Demand deposits with banks

1,18,435

1,14,429

-1,176

-1.0

-3,463

-3.3

-4,007

-3.4

12,558

12.3

(iii)

Time deposits with banks

5,58,167

6,42,580@

2,941

0.5

60,096

13.0

84,413

15.1

1,21,251

23.3

(iv)

"Other" deposits with Reserve Bank

3,604

3,536

-122

50

-68

292

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

(i)

Net bank credit to Gover nment (a+b)

3,30,619

3,79,866

1,109

0.3

33,406

11.6

49,246

14.9

57,840

18.0

(a) Reserve Bank

1,35,160

1,51,082

-371

-443

15,922

27,343

(b) Other Banks

1,95,460

2,28,784

1,480

33,849

33,324

30,496

(ii)

Bank credit to commercial sector (a+b)

4,32,190

4,46,862

1,130

0.3

11,859

3.2

14,672

3.4

58,695

15.1

(a) Reserve Bank

8,186

8,319

17

1,670

134

402

(b) Other Banks

4,24,004

4,38,543

1,113

10,189

14,538

58,294

(iii)

Net foreign exchange assets of banking sector

1,26,569

1,36,514

519

0.4

10,914

10.3

9,944

7.9

20,104

17.3

(iv)

Government's currency liabilities to the public

3,120

3,522

—

283

402

321

(v)

Banking sector's net non-monetary liabilities

other than time deposits

67,110

45,111

-1,275

-14,024

-21,999

-12,359

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

43,219

57,967

1,144

4,563

14,748

18,221

@ : 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 column 11 would work out to be 17.0 per cent.