(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#

Jun. 27#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,507

18,05,959

7,047

0.4

1,11,121

7.4

80,452

4.7

2,25,081

16.3

1,96,483

12.2

[16,95,836]

[71,416]

[4.8]

[1,85,376]

[13.4]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,71,545

2,87,877

–6,359

–2.2

14,490

6.0

16,333

6.0

32,926

14.8

32,593

12.8

(ii)

Demand deposits with banks

1,97,152

2,08,099

6,865

3.4

3,594

2.0

10,947

5.6

11,370

6.6

25,307

13.8

(iii)

Time deposits with banks@

12,53,568

13,05,819

5,100

0.4

92,648

8.6

52,251

4.2

1,81,291

18.4

1,37,658

11.8

[12,23,897]

[52,943]

[4.9]

[1,41,586]

[14.3]

(iv)

"Other" deposits with Reserve Bank

3,242

4,163

1,442

53.0

389

13.6

921

28.4

–506

–13.5

925

28.6

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

(i)

Net Bank credit to Government (a+b)

6,75,880

7,13,060

3,162

0.4

45,290

7.7

37,180

5.5

81,424

14.7

78,205

12.3

(a) Reserve Bank

1,20,102

1,16,229

–3,075

–2.6

–4,212

–2.8

–3,873

–3.2

–21,653

–12.8

–31,737

–21.4

(b) Other Banks

5,55,779

5,96,831

6,237

1.1

49,503

11.3

41,053

7.4

1,03,077

26.9

1,09,942

22.6

(ii)

Bank credit to commercial sector (a+b)

9,05,136

9,14,492

2,164

0.2

56,100

7.4

9,356

1.0

1,31,755

19.3

98,745

12.1

(a) Reserve Bank

3,048

2,975

–52

–1.7

–3,010

–50.8

–73

–2.4

–7,256

–71.3

56

1.9

(b) Other Banks

9,02,088

9,11,517

2,216

0.2

59,110

7.8

9,429

1.0

1,39,012

20.6

98,688

12.1

(iii)

Net foreign exchange assets of banking sector

3,93,715

4,16,425

–3,974

–0.9

23,406

7.5

22,710

5.8

83,224

33.1

81,984

24.5

(iv)

Government's currency liabilities to the public

7,071

7,073

—

—

168

2.6

1

—

969

17.4

538

8.2

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,56,296

2,45,091

–5,695

–2.3

13,844

8.2

–11,205

–4.4

72,292

65.8

62,989

34.6

of which : Net non-monetary liabilities of RBI

1,26,564

1,26,722

–6,862

–5.1

17,548

17.3

159

0.1

32,093

37.0

7,955

6.7

@ : 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.