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Weekly Statistical Supplement


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Date : Jul 13, 2002
7. Money Stock : Components and Sources

(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#

Jun. 28#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%


1

 

2

3

4

5

6

7

8

9

10

11

12

13


M3

 

15,00,003

16,17,347

2,185

0.1

67,543

5.1

1,17,345

7.8

2,03,239

17.3

2,36,584

17.1

           

(15.1)

  

Components (i+ii+iii+iv)

            

(i)

Currency with the Public

2,41,399

2,55,447

–6,414

–2.4

12,773

6.1

14,048

5.8

24,740

12.5

33,124

14.9

(ii)

Demand deposits with banks

1,78,284

1,82,027

2,106

1.2

5,104

3.1

3,744

2.1

20,168

13.3

10,654

6.2

(iii)

Time deposits with banks@

10,77,470

11,76,634

5,625

0.5

49,550

5.3

99,164

9.2

1,59,236

19.3

1,93,313

19.7

(iv)

"Other" deposits with Reserve Bank

2,850

3,238

867

36.6

115

3.2

389

13.6

–904

–19.4

–506

–13.5

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

            

(i)

Net Bank credit to Government (a+b)

5,86,466

6,30,199

–3,100

–0.5

41,291

8.1

43,733

7.5

82,755

17.6

76,953

13.9

 

(a) Reserve Bank

1,52,178

1,47,966

–19,025 –11.4

15,742

10.2

–4,212

–2.8

13,052

8.3

–21,653

–12.8

 

(b) Other Banks

4,34,288

4,82,234

15,926

3.4

25,549

7.1

47,946

11.0

69,703

22.2

98,607

25.7

(ii)

Bank credit to commercial sector (a+b)

7,56,265

8,15,006

5,311

0.7

2,223

0.3

58,741

7.8

72,910

12.0

1,33,565

19.6

 

(a) Reserve Bank

5,929

2,919

–61

–2.0

–3,111

–23.4

–3,010

–50.8

–1,942

–16.0

–7,256

–71.3

 

(b) Other Banks

7,50,336

8,12,087

5,372

0.7

5,334

0.8

61,750

8.2

74,852

12.6

1,40,821

21.0

(iii)

Net foreign exchange assets of banking sector

3,14,733

3,34,012

6,169

1.9

1,397

0.6

19,279

6.1

44,642

21.6

82,796

33.0

(iv)

Government's currency liabilities to the public

6,366

6,456

211

3.9

89

1.4

805

16.9

891

16.0

(v)

Banking sector's net non-monetary liabilities

            
 

other than time deposits

1,63,828

1,68,325

6,196

3.8

–22,421

–16.8

4,498

2.7

–2,128

–1.9

57,620

52.0

 

of which : Net non-monetary liabilities of RBI

1,01,220

1,18,768

3,505

3.0

7,330

9.2

17,548

17.3

8,847

11.4

32,093

37.0


@ : 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.

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


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