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Weekly Statistical Supplement


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Date : Dec 21, 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#

Nov. 29#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%


1

 

2

3

4

5

6

7

8

9

10

11

12

13


M3

 

15,00,003

16,74,412

2,218

0.1

1,28,819

9.8

1,74,409

11.6

1,90,829

15.3

2,32,373

16.1

   

[16,31,820]

    

[1,31,817]

[8.8]

  

[1,89,781]

[13.2]

Components (i+ii+iii+iv)

            

(i)

Currency with the Public

2,41,399

2,58,170

–6,467

–2.4

19,982

9.5

16,771

6.9

26,798

13.2

28,638

12.5

(ii)

Demand deposits with banks

1,78,284

1,84,251

1,662

0.9

1,191

0.7

5,967

3.3

17,159

11.4

16,790

10.0

(iii)

Time deposits with banks@

10,77,470

12,29,103

7,702

0.6

1,08,364

11.6

1,51,634

14.1

1,46,613

16.4

1,86,968

17.9

   

[11,86,511]

    

[1,09,042]

[10.1]

  

[1,44,376]

[13.9]

(iv)

"Other" deposits with Reserve Bank

2,850

2,887

–679

–19.0

–719

–19.8

38

1.3

260

9.8

–23

–0.8

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

            

(i)

Net Bank credit to Government (a+b)

5,86,466

6,42,801

–1,112

–0.2

67,273

13.1

56,335

9.6

83,371

16.8

63,573

11.0

 

(a) Reserve Bank

1,52,178

1,18,134

–12,805

–9.8

9,224

6.0

–34,044

–22.4

6,840

4.4

–44,967

–27.6

 

(b) Other Banks

4,34,288

5,24,668

11,693

2.3

58,049

16.2

90,379

20.8

76,531

22.5

1,08,540

26.1

(ii)

Bank credit to commercial sector (a+b)

7,56,265

8,50,253

2,101

0.2

32,026

4.7

93,988

12.4

80,144

12.7

1,39,008

19.5

 

(a) Reserve Bank

5,929

3,104

140

4.7

–5,549

–41.8

–2,824

–47.6

–776

–9.1

–4,633

–59.9

 

(b) Other Banks

7,50,336

8,47,148

1,961

0.2

37,575

5.6

96,812

12.9

80,919

13.0

1,43,641

20.4

(iii)

Net foreign exchange assets of banking sector

3,14,733

3,74,234

4,626

1.3

31,552

12.6

59,502

18.9

51,443

22.4

92,863

33.0

(iv)

Government's currency liabilities to the public

6,366

6,661

639

11.9

295

4.6

887

17.4

669

11.2

(v)

Banking sector's net non-monetary liabilities

            
 

other than time deposits

1,63,828

1,99,538

3,397

1.7

2,672

2.0

35,711

21.8

25,016

22.6

63,740

46.9

 

of which : Net non-monetary liabilities of RBI

1,01,220

1,14,823

–301

–0.3

13,479

17.0

13,603

13.4

15,292

19.7

21,999

23.7


@ : 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 [ ] exclude the impact of mergers since May 3, 2002.


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