(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#

Jul. 12#

  Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

15,00,003

  16,16,547

–800

—

    70,312

5.4

  1,16,544

7.8

  2,06,320

  17.5

  2,33,015

  16.8

(15.3)

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,41,399

2,58,077

2,629

1.0

15,959

7.6

16,677

6.9

24,484

12.2

32,568

14.4

(ii)

Demand deposits with banks

1,78,284

1,78,232

–3,795

   –2.1

–2,799

–1.7

–52

—

19,804

13.8

14,762

9.0

(iii)

Time deposits with banks@

10,77,470

11,76,222

–412

—

56,885

6.1

98,752

9.2

1,62,516

19.6

1,85,566

18.7

(iv)

"Other" deposits with Reserve Bank

2,850

4,017

778

24.0

268

7.4

1,167

41.0

–484

  –11.0

119

3.1

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

(i)

Net Bank credit to Government (a+b)

5,86,466

6,43,537

13,338

2.1

48,480

9.5

57,071

9.7

80,412

16.8

83,102

14.8

(a) Reserve Bank

1,52,178

1,69,412

21,446

14.5

12,828

8.3

17,234

11.3

1,983

1.2

2,707

1.6

(b) Other Banks

4,34,288

4,74,125

–8,109

–1.7

35,653

10.0

39,837

9.2

78,429

24.9

80,395

20.4

(ii)

Bank credit to commercial sector (a+b)

7,56,265

8,17,291

2,286

0.3

7,287

1.1

61,026

8.1

81,587

13.5

1,30,786

19.1

(a) Reserve Bank

5,929

2,929

10

0.3

–3,265

 –24.6

–3,000

 –50.6

–2,156

–17.7

–7,093

–70.8

(b) Other Banks

7,50,336

8,14,362

2,276

0.3

10,552

1.6

64,026

8.5

83,743

14.1

1,37,878

20.4

(iii)

Net foreign exchange assets of banking sector

3,14,733

3,37,445

3,433

1.0

2,389

1.0

22,712

7.2

46,236

22.4

85,237

33.8

(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

1,88,182

19,857

11.8

–11,945

–9.0

24,355

14.9

2,720

2.3

67,001

55.3

of which : Net non-monetary liabilities of RBI

1,01,220

1,21,563

2,796

2.4

11,194

14.1

20,344

20.1

10,597

13.3

31,024

34.3

@ : 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.