(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 31#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

14,97,133

16,09,930

8,422

0.5

56,723

4.3

1,12,798

7.5

2,09,047

18.0

2,39,987

17.5

(15.8)

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,41,441

2,57,471

–3,731

–1.4

16,913

8.1

16,031

6.6

24,665

12.2

31,008

13.7

(ii)

Demand deposits with banks

1,76,917

1,81,387

3,342

1.9

–588

–0.4

4,470

2.5

18,518

12.6

15,705

9.5

(iii)

Time deposits with banks@

10,75,930

11,68,821

8,841

0.8

41,901

4.5

92,891

8.6

1,66,246

20.5

1,93,150

19.8

(iv)

"Other" deposits with Reserve Bank

2,845

2,251

–30

–1.3

–1,503

–41.4

–594

–20.9

–382

–15.2

124

5.8

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

(i)

Net Bank credit to Government (a+b)

5,87,808

6,27,989

4,223

0.7

34,208

6.7

40,181

6.8

75,371

16.0

81,826

15.0

(a) Reserve Bank

1,54,471

1,59,701

–9,363

–5.5

6,203

4.0

5,231

3.4

7,186

4.7

–379

–0.2

(b) Other Banks

4,33,338

4,68,288

13,586

3.0

28,005

7.8

34,950

8.1

68,185

21.4

82,204

21.3

(ii)

Bank credit to commercial sector (a+b)

7,54,209

8,09,653

–862

–0.1

–2,151

–0.3

55,444

7.4

91,083

15.5

1,32,586

19.6

(a) Reserve Bank

5,929

3,094

–1,862 –37.6

–4,862

–36.6

–2,835

–47.8

–2,207

–20.8

–5,330

–63.3

(b) Other Banks

7,48,280

8,06,559

1,000

0.1

2,711

0.4

58,279

7.8

93,291

16.2

1,37,916

20.6

(iii)

Net foreign exchange assets of banking sector

3,14,733

3,25,997

2,944

0.9

4,672

1.9

11,265

3.6

49,256

24.0

71,506

28.1

(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

1,59,934

–2,117

–1.3

–19,858

–14.9

–5,908

–3.6

7,459

7.0

46,667

41.2

of which : Net non-monetary liabilities of RBI

1,03,517

1,13,309

908

0.8

5,430

6.8

9,792

9.5

8,588

11.3

28,533

33.7

@ : 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 since May 3, 2002 include the impact of the merger of the ICICI with the ICICI Bank.