(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#

May 2#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

17,24,578

17,80,397

2,927

0.2

91,453

6.1

55,819

3.2

2,30,211

16.9

1,88,942

11.9

[16,94,907]

[17,51,522]

[48,861]

[3.3]

[1,87,619]

[13.8]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,71,662

2,84,234

199

0.1

14,163

5.9

12,572

4.6

30,510

13.6

28,672

11.2

(ii)

Demand deposits with banks

1,96,473

2,05,590

–3,395

–1.6

2,597

1.5

9,117

4.6

14,183

8.5

24,709

13.7

(iii)

Time deposits with banks@

12,53,169

12,87,596

6,237

0.5

75,331

7.0

34,426

2.7

1,86,639

19.3

1,34,795

11.7

[12,23,498]

[12,58,720]

[32,739]

[3.0]

[1,44,047]

[14.9]

(iv)

"Other" deposits with Reserve Bank

3,273

2,978

–114

–3.7

–638

–22.4

–296

–9.0

–1,121

–33.6

766

34.6

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

(i)

Net Bank credit to Government (a+b)

6,74,352

7,03,000

–2,768

–0.4

34,097

5.8

28,648

4.2

84,102

15.7

82,437

13.3

(a) Reserve Bank

1,20,102

1,29,458

2,199

1.7

8,891

5.8

9,357

7.8

–747

–0.5

–31,611

–19.6

(b) Other Banks

5,54,250

5,73,542

–4,967

–0.9

25,206

5.8

19,292

3.5

84,849

22.6

1,14,048

24.8

(ii)

Bank credit to commercial sector (a+b)

9,04,489

9,12,918

–2,004

–0.2

56,826

7.5

8,429

0.9

1,28,676

18.8

99,827

12.3

(a) Reserve Bank

3,048

2,994

–7

–0.2

4

0.1

–54

–1.8

–5,208

–46.8

–2,938

–49.5

(b) Other Banks

9,01,440

9,09,923

–1,997

–0.2

56,823

7.6

8,483

0.9

1,33,885

19.9

1,02,764

12.7

(iii)

Net foreign exchange assets of banking sector

3,99,235

4,08,458

7,084

1.8

4,679

1.5

9,223

2.3

66,476

26.3

89,046

27.9

(iv)

Government's currency liabilities to the public

6,910

6,910

—

—

17

0.3

—

—

970

17.9

526

8.2

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,407

2,50,888

–615

–0.2

4,166

2.5

–9,519

–3.7

50,013

42.4

82,895

49.3

of which : Net non-monetary liabilities of RBI

1,26,533

1,27,190

3,273

2.6

10,615

10.5

657

0.5

26,889

31.7

          15,355

        13.7

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