(Rs. crore)

Outstanding as on

Variation over

Item

Financial year so far

1998

1999

Fortnight

1997-98

1998-99

Year

Mar.31#

Jan. 1#

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

8,25,389

9,25,963

710

0.1

73,048

10.4

1,00,574

12.2

1,51,067

19.5

M3

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,45,182

1,60,429

-1,855

-1.1

9,384

7.1

15,246

10.5

18,958

13.4

(ii)

Demand deposits with banks

1,18,435

1,16,616

1,720

1.5

-1,031

-1.0

-1,819

-1.5

12,313

11.8

(iii)

Time deposits with banks

5,58,167

6,45,455@

1,401

0.2

64,691

14.0

87,288

15.6

1,19,531

22.7

(iv)

"Other" deposits with Reserve Bank

3,604

3,463

-556

4

-141

266

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

(i)

Net bank credit to Government (a+b)

3,30,619

3,80,122

-514

-0.1

29,080

10.1

49,502

15.0

62,422

19.6

(a) Reserve Bank

1,35,160

1,50,519

1,257

1,195

15,359

25,143

(b) Other Banks

1,95,460

2,29,603

-1,771

27,885

34,144

37,279

(ii)

Bank credit to commercial sector (a+b)

4,32,190

4,55,976

5,873

1.3

25,982

6.9

23,786

5.5

53,687

13.3

(a) Reserve Bank

8,186

8,357

10

1,505

171

605

(b) Other Banks

4,24,004

4,47,619

5,864

24,477

23,615

53,082

(iii)

Net foreign exchange assets of banking sector

1,26,569

1,38,098

1,048

0.8

12,644

12.0

11,529

9.1

19,958

16.9

(iv)

Government's currency liabilities to the public

3,120

3,561

—

311

441

332

(v)

Banking sector's net non-monetary liabilities

other than time deposits

67,110

51,794

5,698

-5,031

-15,315

-14,669

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

43,219

58,702

-296

7,764

15,483

15,754

@ : 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 17.2 per cent.