(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#

May 17#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

14,97,133

16,01,509

4,676

0.3

52,756

4.0

1,04,376

7.0

2,09,421

18.1

2,35,533

17.2

(15.9)

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,41,441

2,61,202

6,129

2.4

19,046

9.1

19,762

8.2

25,253

12.4

32,607

14.3

(ii)

Demand deposits with banks

1,76,917

1,78,045

–1,968

–1.1

–1,177

–0.7

1,128

0.6

19,361

13.3

12,952

7.8

(iii)

Time deposits with banks@

10,75,930

11,59,981

412

—

35,558

3.8

84,050

7.8

1,64,411

20.4

1,90,652

19.7

(iv)

"Other" deposits with Reserve Bank

2,845

2,281

104

4.8

–671

–18.5

–564

–19.8

396

15.5

–677

–22.9

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

(i)

Net Bank credit to Government (a+b)

5,87,808

6,23,766

6,100

1.0

32,536

6.4

35,958

6.1

78,213

16.8

79,275

14.6

(a) Reserve Bank

1,54,471

1,69,065

7,996

5.0

16,613

10.8

14,594

9.4

17,111

11.2

–1,426

–0.8

(b) Other Banks

4,33,338

4,54,701

–1,895

–0.4

15,923

4.4

21,364

4.9

61,102

19.5

80,700

21.6

(ii)

Bank credit to commercial sector (a+b)

7,54,209

8,10,515

6,059

0.8

3,868

0.6

56,306

7.5

95,796

16.3

1,27,429

18.7

(a) Reserve Bank

5,929

4,956

–976 –16.5

–1,980

–14.9

–972

–16.4

–2,359

–17.3

–6,351

–56.2

(b) Other Banks

7,48,280

8,05,559

7,035

0.9

5,848

0.9

57,279

7.7

98,155

17.1

1,33,779

19.9

(iii)

Net foreign exchange assets of banking sector

3,14,733

3,23,054

–57

—

3,805

1.5

8,321

2.6

49,438

24.2

69,429

27.4

(iv)

Government's currency liabilities to the public

6,225

6,225

—

—

135

2.5

—

—

795

16.9

737

13.4

(v)

Banking sector's net non-monetary liabilities

other than time deposits

1,65,843

1,62,051

7,426

4.8

–12,411

–9.3

–3,791

–2.3

14,821

14.0

41,336

34.2

of which : Net non-monetary liabilities of RBI

1,03,517

1,12,401

530

0.5

5,865

7.4

8,884

8.6

13,649

19.1

27,191

31.9

@ : 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.

The monetary aggregates since May 3, 2002 include the impact of the merger of the ICICI with the ICICI Bank.