(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#

Aug. 8#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

17,25,222

18,18,091

7,794

0.4

1,33,063

8.9

92,869

5.4

2,37,542

17.0

1,86,673

   11.4

[16,95,551]

[94,855]

[6.3]

[1,99,334]

[14.3]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,86,044

2,224

0.8

13,532

5.6

15,061

5.6

30,910

13.8

31,717

12.5

(ii)

Demand deposits with banks

1,98,602

2,00,460

–1,427

–0.7

–6,172

–3.4

1,858

0.9

11,250

7.0

27,432

15.9

(iii)

Time deposits with banks@

12,52,396

13,27,152

7,398

0.6

1,25,001

11.6

74,756

6.0

1,95,277

19.4

1,26,639

10.5

[12,22,725]

[86,793]

[8.1]

[1,57,069]

[15.6]

(iv)

"Other" deposits with Reserve Bank

3,242

4,436

–402

–8.3

701

24.6

1,194

36.8

105

3.0

885

24.9

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,16,342

–1,112

–0.2

57,956

9.8

38,284

5.6

84,465

15.0

68,822

10.6

(a) Reserve Bank

1,20,679

85,716

–10,990

–11.4

1,959

1.3

–34,963

–29.0

–11,921

–7.2

–68,421

–44.4

(b) Other Banks

5,57,379

6,30,626

9,878

1.6

55,997

12.8

73,247

13.1

96,386

24.3

1,37,243

27.8

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,10,075

1,367

0.2

63,122

8.3

3,464

0.4

1,31,267

19.0

87,306

10.6

(a) Reserve Bank

3,048

3,447

502

17.0

–2,991

–50.5

399

13.1

–5,335

-64.5

510

17.4

(b) Other Banks

9,03,564

9,06,628

865

0.1

66,113

8.8

3,065

0.3

1,36,602

20.0

86,796

10.6

(iii)

Net foreign exchange assets of banking sector

3,93,715

4,26,712

–743

–0.2

32,251

10.4

32,997

8.4

88,514

34.7

83,426

24.3

(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

2,42,111

–8,281

–3.3

20,565

12.2

–18,123

–7.0

67,730

55.9

53,288

28.2

of which : Net non-monetary liabilities of RBI

1,27,141

1,18,983

–4,714

–3.8

18,474

18.3

–8,159

–6.4

26,762

28.8

–710

–0.6

@ : 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.