(Rs. crore)

Outstanding

Variation over

as on

Financial year so far

Year-on-year

2002

Fortnight

2001-2002

2002-2003

2001

2002

Item

Mar. 31#

Aug. 9#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

15,00,003

16,24,154

5,878

0.4

77,519

5.9

1,24,151

8.3

2,07,568

17.5

2,33,415

16.8

(15.4)

[15,81,562]

[81,559]

[5.4]

[1,90,823]

[13.7]

Components (I+ii+iii+iv)

(i)

Currency with the Public

2,41,399

2,53,717

2,554

1.0

13,829

6.6

12,317

5.1

23,594

11.8

30,338

13.6

(ii)

Demand deposits with banks

1,78,284

1,75,252

–2,274

–1.3

–4,427

–2.7

–3,032

–1.7

20,021

14.1

13,410

8.3

(iii)

Time deposits with banks@

10,77,470

11,91,648

5,824

0.5

68,300

7.3

1,14,179

10.6

1,64,590

19.7

1,89,577

18.9

[11,49,056]

[71,587]

[6.6]

[1,46,985]

[14.7]

(iv)

"Other" deposits with Reserve Bank

2,850

3,537

–227

–6.0

–183

–5.1

687

24.1

–636

–15.6

90

2.6

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

(i)

Net Bank credit to Government (a+b)

5,86,466

6,43,978

4,093

0.6

50,980

10.0

57,512

9.8

78,859

16.3

81,043

14.4

(a) Reserve Bank

1,52,178

1,54,137

–1,195

–0.8

12,181

7.9

1,959

1.3

1,563

1.0

–11,921

–7.2

(b) Other Banks

4,34,288

4,89,841

5,288

1.1

38,799

10.8

55,553

12.8

77,295

24.2

92,964

23.4

(ii)

Bank credit to commercial sector (a+b)

7,56,265

8,21,297

75

—

10,221

1.5

65,032

8.6

83,721

13.8

1,31,858

19.1

(a) Reserve Bank

5,929

2,938

13

0.4

–5,014

–37.7

–2,991

–50.5

–4,173

–33.5

–5,335

–64.5

(b) Other Banks

7,50,336

8,18,360

63

—

15,234

2.3

68,024

9.1

87,894

14.8

1,37,193

20.1

(iii)

Net foreign exchange assets of banking sector

3,14,733

3,42,857

722

0.2

4,952

2.0

28,124

8.9

48,742

23.7

88,085

34.6

(iv)

Government's currency liabilities to the public

6,366

6,456

—

—

286

5.3

89

1.4

814

16.9

816

14.5

(v)

Banking sector's net non-monetary

liabilities other than time deposits

1,63,828

1,90,434

–987

–0.5

–11,079

–8.3

26,607

16.2

4,567

3.9

68,387

56.0

of which : Net non-monetary liabilities of RBI

1,01,220

1,19,708

–1,635

–1.3

13,586

17.1

18,488

18.3

11,468

14.1

26,776

28.8

@ : 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.