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Weekly Statistical Supplement


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Date : Apr 28, 2001
7. Money Stock : Components and Sources

(Rs. crore)


  

Outstanding as on

    

Variation over

   
      

Financial year so far

Year-on-year

  

2001

Fortnight

2000-2001

2001-2002

2000

2001


Item

Mar. 31#

Apr. 6#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%


1

 

2

3

4

5

6

7

8

9

10

11

12

13


M3

 

13,05,567

13,44,027

37,936

2.9

33,124*

2.9

38,461

2.9

1,65,258*

16.7

1,86,970

16.2

             

(13.9)

Components (i+ii+iii+iv)

            

(i)

Currency with the Public

2,09,132

2,11,701

787

0.4

5,849

3.1

2,568

1.2

18,755

10.7

17,086

8.8

(ii)

Demand deposits with banks

1,64,551

1,77,602

13,051

7.9

6,324

4.2

13,051

7.9

24,691

18.8

21,597

13.8

(iii)

Time deposits with banks@

9,27,564

9,50,452

22,888

2.5

19,665

2.5

22,888

2.5

1,21,353

17.8

1,48,408

18.5

(iv)

"Other" deposits with Reserve Bank

4,320

4,273

1,210

39.5

1,286

41.4

–47

–1.1

460

11.7

–122

–2.8

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

            

(i)

Net Bank credit to Government sector (a+b)

5,13,022

5,04,994

2,912

0.6

14,217

3.2

–8,028

–1.6

56,678

14.2

49,399

10.8

 

(a) Reserve Bank

1,55,556

1,49,510

4,894

3.4

–5,915

–4.0

–6,046

–3.9

–11,164

–7.3

7,161

5.0

 

(b) Other Banks

3,57,467

3,55,485

–1,982

–0.6

20,132

6.9

–1,982

–0.6

67,842

27.6

42,238

13.5

(ii)

Bank credit to commercial sector (a+b)

6,70,378

6,84,545

18,077

2.7

3,660

0.6

14,167

2.1

96,930

19.6

94,321

16.0

 

(a) Reserve Bank

13,287

9,072

–305

–3.2

–6,979

–45.7

–4,215

–31.7

–167

–2.0

782

9.4

 

(b) Other Banks

6,57,092

6,75,473

18,381

2.8

10,640

1.9

18,381

2.8

97,097

20.0

93,539

16.1

(iii)

Net foreign exchange assets of banking sector

2,44,320

2,46,182

3,065

1.3

612

0.3

1,862

0.8

27,147

15.2

39,922

19.4

(iv)

Government's currency liabilities to the public

4,905

4,905

316

7.4

732

19.0

327

7.1

(v)

Banking sector's net non-monetary liabilities

            
 

other than time deposits

1,27,059

96,599

–13,883

–12.6

–14,319

–12.6

–30,460

–24.0

16,229

19.5

–3,001

–3.0

 

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

80,334

81,399

494

0.6

3,408

4.9

1,064

1.3

12,394

20.3

7,844

10.7


* : 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.


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