(Rs. crore)

Outstanding as on

Variation over

2003

Fortnight

Financial year so far

Year-on-year

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

Apr. 4#

 Amount

%

 Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

17,24,578

17,70,267

42,390

2.5

35,532

2.4

45,689

2.6

1,89,024

14.0

2,34,733

15.3

[16,81,986]

  [17,27,675]

[1,92,141]

 [12.5]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,71,662

2,73,380

–1,514

–0.6

4,937

2.0

1,718

0.6

33,573

15.8

27,044

11.0

(ii)

Demand deposits with banks

1,96,473

2,15,795

19,322

9.8

10,273

5.8

19,322

9.8

11,767

6.7

27,238

14.4

(iii)

Time deposits with banks@

12,53,169

12,77,236

24,067

1.9

20,526

1.9

24,067

1.9

1,44,622

15.2

1,79,241

16.3

[12,10,577]

[12,34,644]

[1,36,649]

[12.4]

(iv)

"Other" deposits with Reserve Bank

3,273

3,856

515

15.4

–204

–7.2

583

17.8

–938

 –26.2

1,211

45.8

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

(i)

Net Bank credit to Government (a+b)

6,74,352

6,73,337

9,631

1.5

9,725

1.7

–1,015

–0.2

74,258

14.2

77,145

12.9

(a) Reserve Bank

1,20,102

1,05,976

–3,480

–3.2

–8,142

–5.4

–14,126

  –11.8

–5,474

–3.7

– 38,060

–26.4

(b) Other Banks

5,54,250

5,67,361

13,111

2.4

17,868

4.1

13,111

2.4

79,732

21.4

1,15,205

25.5

(ii)

Bank credit to commercial sector (a+b)

9,04,489

9,29,577

25,164

2.8

12,273

1.6

25,088

2.8

77,079

11.1

1,61,039

21.0

(a) Reserve Bank

3,048

3,011

39

1.3

–2,732

 –46.1

–3 7

–1.2

– 5,875

–64.8

–186

–5.8

(b) Other Banks

9,01,440

9,26,566

25,125

2.8

15,004

2.0

25,125

2.8

82,954

12.2

1,61,225

21.1

(iii)

Net foreign exchange assets of banking sector

3,99,235

3,96,677

3,607

0.9

–1,248

–0.4

–2,557

–0.6

61,804

24.6

83,192

26.5

(iv)

Government's currency liabilities to the public

6,910

6,910

—

—

—

—

—

—

1,013

18.9

543

8.5

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,407

2,36,234

–3,988

–1.7

–14,781

–9.0

–24,173

–9.3

25,130

20.3

87,187

58.5

of which : Net non-monetary liabilities of RBI

1,26,533

1,21,837

–2,504

–2.0

3,999

   4.0

–4,696

–3.7

23,130

      28.2

16,618

15.8

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

Government Balances as on March 31, 2003 are before closure of accounts.