(Rs. crore)

Outstanding

Variation over

as on

Financial year so far

Year-on-year

2003

Fortnight

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

Sep. 5#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,35,520

13,129

0.7

1,43,947

9.6

1,10,297

6.4

2,36,401

16.8

1,93,218

11.8

[16,95,551]

[1,06,588]

[7.1]

[1,99,042]

[14.2]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,85,174

948

0.3

11,898

4.9

14,191

5.2

31,529

14.3

32,482

12.9

(ii)

Demand deposits with banks

1,98,602

2,06,049

3,961

2.0

–1,027

–0.6

7,448

3.8

13,944

8.5

27,877

15.6

(iii)

Time deposits with banks@

12,52,396

13,40,041

8,352

0.6

1,32,417

12.3

87,645

7.0

1,91,080

18.8

1,32,113

10.9

[12,22,725]

[95,058]

[8.8]

[1,53,721]

[15.1]

(iv)

"Other" deposits with Reserve Bank

3,242

4,255

–132

–3.0

659

23.1

1,013

31.2

–153

–4.2

746

21.3

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,16,954

9,744

1.4

53,480

9.1

38,895

5.7

80,996

14.4

73,910

11.5

(a) Reserve Bank

1,20,679

73,099

–1,687

–2.3

–11,546

–7.6

–47,581

–39.4

–19,572

–12.2

–67,533

–48.0

(b) Other Banks

5,57,379

6,43,855

11,431

1.8

65,026

14.9

86,476

15.5

1,00,568

25.0

1,41,443

28.2

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,14,214

5,513

0.6

68,320

9.0

7,602

0.8

1,33,077

19.2

86,247

10.4

(a) Reserve Bank

3,048

2,978

27

0.9

–3,003

–50.6

–70

–2.3

–6,925

–70.3

52

1.8

(b) Other Banks

9,03,564

9,11,236

5,486

0.6

71,323

9.5

7,672

0.8

1,40,003

20.4

86,195

10.4

(iii)

Net foreign exchange assets of banking sector

3,93,715

4,36,763

8,829

2.1

41,292

13.3

43,048

10.9

91,313

35.0

84,437

24.0

(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

2,39,484

10,958

4.8

19,506

11.6

–20,750

–8.0

69,993

59.4

51,720

27.5

of which : Net non-monetary liabilities of RBI

1,27,141

1,09,772

4,189

4.0

10,307

10.2

–17,370

–13.7

24,206

27.7

–1,755

–1.6

@ : 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.