(Rs. crore)

Outstanding as on

Variation over

2002

Fortnight

Financial year so far

Year-on-year

2001-2002

2002-2003

2001

2002

Item

Mar. 31#

May 3#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

14,97,133

15,96,832

57,316

3.7

46,005

3.5

99,700

6.7

2,05,342

17.8

2,37,607

17.5

M3

(15.6)

Components (I+ii+iii+iv)

(i)

Currency with the Public

2,41,441

2,55,073

3,075

1.2

15,425

7.4

13,633

5.6

23,004

11.4

30,099

13.4

(ii)

Demand deposits with banks

1,76,917

1,80,013

991

0.6

1,134

0.7

3,097

1.8

18,941

12.8

12,609

7.5

(iii)

Time deposits with banks@

10,75,930

11,59,569

53,399

4.8

29,743

3.2

83,639

7.8

1,62,807

20.3

1,96,055

20.3

(iv)

"Other" deposits with Reserve Bank

2,845

2,177

–148

–6.4

–297

–8.2

–669

–23.5

589

21.5

–1,156

–34.7

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

(i)

Net Bank credit to Government (a+b)

5,87,808

6,17,665

16,711

2.8

24,096

4.7

29,857

5.1

74,306

16.1

81,614

15.2

(a) Reserve Bank

1,54,471

1,61,069

967

0.6

7,939

5.2

6,599

4.3

17,173

11.9

–747

–0.5

(b) Other Banks

4,33,338

4,56,596

15,744

3.6

16,157

4.5

23,259

5.4

57,132

18.0

82,361

22.0

(ii)

Bank credit to commercial sector (a+b)

7,54,209

8,04,456

36,882

4.8

3,134

0.5

50,247

6.7

98,663

16.9

1,22,103

17.9

(a) Reserve Bank

5,929

5,932

471

8.6

–2,146

–16.2

4

0.1

2,550

29.7

–5,208

–46.8

(b) Other Banks

7,48,280

7,98,524

36,411

4.8

5,280

0.8

50,243

6.7

96,113

16.7

1,27,312

19.0

(iii)

Net foreign exchange assets of banking sector

3,14,733

3,23,110

3,201

1.0

3,117

1.2

8,378

2.7

48,553

23.8

70,174

27.7

(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

1,54,625

–522

–0.3

–15,598

–11.7

–11,218

–6.8

16,961

16.9

37,096

31.6

of which : Net non-monetary liabilities of RBI

1,03,517

1,11,870

3,459

3.2

5,601

7.1

8,354

8.1

14,556

20.7

26,924

31.7

@ : 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.
The monetary aggregates as on May 3, 2002 include the impact of the merger of the ICICI with the ICICI Bank.