(Rs. crore)

Outstanding as on

Variation over

Financial year so far

Year-on-year

2003

Fortnight

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

May 16#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,24,578

17,87,659

7,262

0.4

96,038

6.4

63,081

3.7

2,26,538

16.5

     1,91,618

12.0

[16,94,907]

[54,238]

[3.6]

[1,84,738]

[13.5]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,71,662

2,93,685

9,451

3.3

19,848

8.2

22,023

8.1

32,607

14.3

32,437

12.4

(ii)

Demand deposits with banks

1,96,473

2,00,964

–4,626

–2.3

–1,009

–0.6

4,491

2.3

12,959

7.9

23,688

13.4

(iii)

Time deposits with banks@

12,53,169

12,90,316

2,720

0.2

77,732

7.2

37,147

3.0

1,81,615

18.7

1,35,114

11.7

[12,23,498]

[35,932]

[3.3]

[1,39,815]

[14.4]

(iv)

"Other" deposits with Reserve Bank

3,273

2,694

–284

–9.5

–534

–18.7

–579

–17.7

–642

–21.7

378

16.3

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

(i)

Net Bank credit to Government (a+b)

6,74,352

7,14,091

11,091

1.6

42,046

7.2

39,739

5.9

83,554

15.3

85,578

13.6

(a) Reserve Bank

1,20,102

1,26,876

–2,582

–2.0

16,887

11.1

6,775

5.6

–1,426

–0.8

–42,188

–25.0

(b) Other Banks

5,54,250

5,87,215

13,673

2.4

25,160

5.8

32,964

5.9

84,979

22.7

1,27,767

27.8

(ii)

Bank credit to commercial sector (a+b)

9,04,489

9,12,680

–237

—

54,509

7.2

8,192

0.9

1,25,585

18.3

1,01,907

12.6

(a) Reserve Bank

3,048

2,923

–71

–2.4

–972

–16.4

–125

–4.1

–6,351

–56.2

–2,033

–41.0

(b) Other Banks

9,01,440

9,09,757

–166

—

55,481

7.4

8,317

0.9

1,31,936

19.6

1,03,940

12.9

(iii)

Net foreign exchange assets of banking sector

3,99,235

4,14,484

6,026

1.5

4,623

1.5

15,249

3.8

65,731

25.9

95,129

29.8

(iv)

Government's currency liabilities to the public

6,910

6,910

—

—

17

0.3

—

—

895

16.3

526

8.2

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,407

2,60,506

9,618

3.8

5,157

3.1

99

—

49,226

41.1

91,522

54.2

of which : Net non-monetary liabilities of RBI

1,26,533

1,29,647

2,457

1.9

11,146

11.0

3,115

2.5

27,156

31.9

17,282

15.4

@ : 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.