(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. 25#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,10,298

1,147

0.1

1,23,505

8.2

85,075

4.9

2,34,212

16.9

1,88,438

11.6

[16,95,551]

[84,687]

[5.7]

[1,95,394]

[14.1]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,83,820

–6,321

–2.2

10,646

4.4

12,837

4.7

32,328

14.8

32,380

12.9

(ii)

Demand deposits with banks

1,98,602

2,01,887

–1,524

–0.7

–2,573

–1.4

3,285

1.7

11,242

6.8

25,260

14.3

(iii)

Time deposits with banks@

12,52,396

13,19,753

8,730

0.7

1,14,504

10.6

67,358

5.4

1,90,382

19.0

1,29,737

10.9

[12,22,725]

[75,686]

[7.0]

[1,51,564]

[15.2]

(iv)

"Other" deposits with Reserve Bank

3,242

4,838

262

5.7

928

32.6

1,596

49.2

261

7.4

1,060

28.1

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,17,454

–1,678

–0.2

52,696

8.9

39,395

5.8

82,440

14.7

75,194

11.7

(a) Reserve Bank

1,20,679

96,706

–1,715

–1.7

3,154

2.1

–23,973

–19.9

–6,223

–3.9

–58,625

–37.7

(b) Other Banks

5,57,379

6,20,748

36

—

49,542

11.3

63,368

11.4

88,663

22.3

1,33,819

27.5

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,08,708

1,416

0.2

60,608

8.0

2,096

0.2

1,29,178

18.7

88,453

10.8

(a) Reserve Bank

3,048

2,945

–18

–0.6

–3,004

–50.7

–103

–3.4

–8,691

–74.8

21

0.7

(b) Other Banks

9,03,564

9,05,763

1,434

0.2

63,612

8.4

2,199

0.2

1,37,869

20.3

88,433

10.8

(iii)

Net foreign exchange assets of banking sector

3,93,715

4,27,455

7,740

1.8

31,529

10.1

33,740

8.6

89,797

35.5

84,891

24.8

(iv)

Government's currency liabilities to the public

7,071

7,073

—

—

300

4.7

1

—

1,026

18.2

407

6.1

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,234

2,50,392

6,330

2.6

21,626

12.9

–9,842

–3.8

68,229

56.1

60,508

31.9

of which : Net non-monetary liabilities of RBI

1,27,141

1,23,697

2,174

1.8

20,109

19.9

–3,444

–2.7

29,155

31.6

2,369

2.0

@ : 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.