(Rs. crore)

Outstanding as on

Variation over

Financial year so far

Year-on-year

2002

2003

Fortnight

2001-2002

2002-2003

2002

2003

Item

Mar. 31#

Mar. 7#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

15,00,003

17,14,251

8,040

0.5

1,70,536

13.0

2,14,249

14.3

1,81,356

13.9

2,30,495

15.5

[16,71,659]

[1,71,657]

[11.4]

[1,87,903]

[12.7]

Components (I+ii+iii+iv)

(i)

Currency with the Public

2,41,399

2,74,331

3,100

1.1

34,251

16.3

32,932

13.6

29,620

13.8

30,530

12.5

(ii)

Demand deposits with banks

1,78,284

1,91,523

2,354

1.2

2,369

1.4

13,239

7.4

8,751

5.5

22,884

13.6

(iii)

Time deposits with banks@

10,77,470

12,45,990

3,346

0.3

1,35,347

14.5

1,68,520

15.6

1,42,978

15.4

1,76,872

16.5

[12,03,398]

[1,25,928]

[11.7]

[1,34,280]

[12.6]

(iv)

"Other" deposits with Reserve Bank

2,850

2,407

–760

–24.0

–1,431

–39.4

–442

–15.5

7

0.3

208

9.5

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

(i)

Net Bank credit to Government (a+b)

5,86,466

6,62,680

17,818

2.8

71,763

14.0

76,214

13.0

74,157

14.6

78,962

13.5

(a) Reserve Bank

1,52,178

1,19,749

18,141

17.9

–1,728

–1.1

–32,429

–21.3

–3,356

–2.2

–32,399

–21.3

(b) Other Banks

4,34,288

5,42,931

–322

–0.1

73,492

20.5

1,08,642

25.0

77,512

21.9

1,11,361

25.8

(ii)

Bank credit to commercial sector (a+b)

7,56,265

8,86,068

6,965

0.8

62,763

9.2

1,29,803

17.2

76,214

11.4

1,44,086

19.4

(a) Reserve Bank

5,929

3,223

308

10.5

–6,367

–47.9

–2,705

–45.6

–5,028

–42.1

–3,696

–53.4

(b) Other Banks

7,50,336

8,82,844

6,658

0.8

69,130

10.4

1,32,508

17.7

81,242

12.4

1,47,783

20.1

(iii)

Net foreign exchange assets of banking sector

3,14,733

3,97,723

–8,243

–2.0

51,650

20.7

82,991

26.4

58,202

23.9

96,254

31.9

(iv)

Government’s currency liabilities to the public

6,366

6,851

—

—

885

16.5

485

7.6

961

18.2

613

9.8

(v)

Banking sector’s net non-monetary liabilities

other than time deposits

1,63,828

2,39,070

8,501

3.7

16,525

12.4

75,243

45.9

28,177

23.2

89,419

59.8

of which : Net non-monetary liabilities of RBI

1,01,220

1,29,136

3,188

2.5

24,215

30.5

27,916

27.6

20,248

24.3

25,576

24.7

@ :

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.