(Rs. crore)

Outstanding as on

Variation over

Financial year so far

Year-on-year

2002

Fortnight

2001-2002

2002-2003

2001

2002

Item

Mar. 31#

Apr. 19#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

14,97,133

15,39,517

10,879

0.7

35,643

2.7

42,384

2.8

1,99,911

17.4

1,90,654

14.1

(15.2)

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,41,441

2,51,999

6,760

2.8

11,000

5.2

10,558

4.4

21,720

10.9

31,449

14.3

(ii)

Demand deposits with banks

1,76,917

1,79,023

–8,158

–4.4

1,967

1.2

2,106

1.2

20,249

13.7

10,785

6.4

(iii)

Time deposits with banks@

10,75,930

11,06,171

12,593

1.2

23,153

2.5

30,240

2.8

1,57,907

19.8

1,49,247

15.6

(iv)

"Other" deposits with Reserve Bank

2,845

2,325

–316 –12.0

–477

–13.1

–520

–18.3

36

1.2

–827

–26.2

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

(i)

Net Bank credit to Government (a+b)

5,87,808

6,00,954

8,915

1.5

19,439

3.8

13,146

2.2

70,364

15.3

69,561

13.1

(a) Reserve Bank

1,54,471

1,60,102

16,066

11.2

3,145

2.0

5,631

3.6

–1,703

–1.1

3,081

2.0

(b) Other Banks

4,33,338

4,40,852

–7,151

–1.6

16,294

4.6

7,515

1.7

72,067

23.8

66,480

17.8

(ii)

Bank credit to commercial sector (a+b)

7,54,209

7,67,574

–1,763

–0.2

1,437

0.2

13,365

1.8

95,117

16.2

86,919

12.8

(a) Reserve Bank

5,929

5,462

2,264

70.8

–1,569

–11.8

–467

–7.9

3,195

37.5

–6,256

–53.4

(b) Other Banks

7,48,280

7,62,113

–4,027

–0.5

3,006

0.5

13,832

1.8

91,921

15.9

93,175

13.9

(iii)

Net foreign exchange assets of banking sector

3,14,733

3,19,910

2,726

0.9

3,060

1.2

5,177

1.6

46,369

22.5

67,030

26.5

(iv)

Government's currency liabilities to the public

6,225

6,225

—

—

60

1.1

—

—

781

16.9

812

15.0

(v)

Banking sector's net non-monetary liabilities

other than time deposits

1,65,843

1,55,147

–1,000

–0.6

–11,647

–8.7

–10,696

–6.4

12,720

11.7

33,668

27.7

of which : Net non-monetary liabilities of RBI

1,03,517

1,08,411

3,188

3.0

4,126

5.2

4,894

4.7

10,883

15.0

24,940

29.9

@ : 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 exclusive of IMDs.

Government Balances as on March 31, 2002 are before closure of accounts.