(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. 22#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,22,391

4,299

0.2

1,34,355

9.0

97,168

5.6

2,34,199

16.7

1,89,681

11.6

[16,95,551]

[96,149]

[6.4]

[1,95,993]

[14.0]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,84,226

–1,818

–0.6

10,677

4.4

13,243

4.9

31,900

14.5

32,754

13.0

(ii)

Demand deposits with banks

1,98,602

2,02,089

1,629

0.8

–3,046

–1.7

3,487

1.8

9,562

5.7

25,935

14.7

(iii)

Time deposits with banks@

12,52,396

13,31,689

4,537

0.3

1,26,002

11.7

79,293

6.3

1,92,820

19.1

1,30,175

10.8

[12,22,725]

[87,796]

[8.2]

[1,54,614]

[15.3]

(iv)

"Other" deposits with Reserve Bank

3,242

4,387

–49

–1.1

722

25.3

1,145

35.3

–83

–2.3

816

22.8

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,07,210

–9,132

–1.3

49,082

8.3

29,151

4.3

83,220

15.0

68,563

10.7

(a) Reserve Bank

1,20,679

74,786

–10,930

–12.8

–17,971

–11.8

–45,894

–38.0

–21,926

–14.0

–59,421

–44.3

(b) Other Banks

5,57,379

6,32,424

1,798

0.3

67,053

15.3

75,045

13.5

1,05,146

26.3

1,27,984

25.4

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,08,700

–1,375

–0.2

63,693

8.4

2,089

0.2

1,29,088

18.6

85,361

10.4

(a) Reserve Bank

3,048

2,951

–497

–14.4

–3,003

–50.7

–98

–3.2

–6,331

–68.4

25

0.9

(b) Other Banks

9,03,564

9,05,750

–878

–0.1

66,696

8.8

2,186

0.2

1,35,418

19.8

85,336

10.4

(iii)

Net foreign exchange assets of banking sector

3,93,715

4,27,934

1,222

0.3

36,290

11.7

34,219

8.7

88,683

34.3

80,609

23.2

(iv)

Government's currency liabilities to the public

7,071

7,073

—

—

362

5.7

1

—

1,007

17.6

344

5.1

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,234

2,28,526

–13,585

–5.6

15,072

9.0

–31,708

–12.2

67,800

58.7

45,197

24.7

of which : Net non-monetary liabilities of RBI

1,27,141

1,05,583

–13,400

–11.3

8,054

8.0

–21,558

–17.0

24,018

28.2

–3,691

–3.4

@ :

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.