(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#

Jul. 11#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,09,151

3,192

0.2

1,17,693

7.9

83,928

4.9

2,29,223

16.5

1,93,102

11.9

[16,95,551]

[78,585]

[5.2]

[1,90,115]

[13.7]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,90,141

2,263

0.8

17,511

7.3

19,158

7.1

32,798

14.5

31,836

12.3

(ii)

Demand deposits with banks

1,98,602

2,03,410

–4,689

–2.3

–3,293

–1.8

4,809

2.4

12,392

7.6

27,504

15.6

(iii)

Time deposits with banks@

12,52,396

13,11,024

5,205

0.4

1,02,309

9.5

58,628

4.7

1,83,913

18.5

1,33,203

11.3

[12,22,725]

[63,201]

[5.9]

[1,44,805]

[14.6]

(iv)

"Other" deposits with Reserve Bank

3,242

4,576

413

9.9

1,167

41.0

1,334

41.1

119

3.1

559

13.9

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,19,132

6,072

0.9

57,645

9.8

41,074

6.1

86,938

15.5

71,922

11.1

(a) Reserve Bank

1,20,679

98,421

–17,808

–15.3

17,234

11.3

–22,258

–18.4

2,707

1.6

–70,991

–41.9

(b) Other Banks

5,57,379

6,20,711

23,880

4.0

40,412

9.2

63,332

11.4

84,231

21.4

1,42,913

29.9

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,07,293

–7,200

–0.8

59,097

7.8

681

0.1

1,30,014

18.9

88,549

10.8

(a) Reserve Bank

3,048

2,964

–12

–0.4

–3,000

–50.6

–85

–2.8

–7,093

–70.8

35

1.2

(b) Other Banks

9,03,564

9,04,329

–7,188

–0.8

62,097

8.2

766

0.1

1,37,107

20.2

88,514

10.8

(iii)

Net foreign exchange assets of banking sector

3,93,715

4,19,715

3,291

0.8

26,839

8.6

26,001

6.6

85,666

34.0

81,842

24.2

(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

2,60,234

2,44,062

–1,028

–0.4

26,056

15.5

–16,172

–6.2

74,365

62.0

49,749

25.6

of which : Net non-monetary liabilities of RBI

1,27,141

1,21,524

–5,199

–4.1

20,344

20.1

–5,618

–4.4

31,024

34.3

–39

—

@ : 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 after closure of accounts.