(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#

Oct. 17#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,52,970

8,078

0.4

1,57,671

10.5

1,27,747

7.4

2,35,184

16.6

1,96,944

     11.9

[16,95,551]

[1,21,384]

[8.1]

[1,98,897]

[14.0]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,90,010

5,775

2.0

15,904

6.6

19,027

7.0

32,729

14.6

33,311

13.0

(ii)

Demand deposits with banks

1,98,602

2,15,537

–5,602

–2.5

2,563

1.4

16,936

8.5

18,573

11.4

33,776

18.6

(iii)

Time deposits with banks@

12,52,396

13,43,146

8,622

0.6

1,38,791

12.9

90,750

7.2

1,83,756

17.8

1,28,842

10.6

[12,22,725]

[1,02,504]

[9.5]

[1,47,469]

[14.3]

(iv)

"Other" deposits with Reserve Bank

3,242

4,277

–717

–14.4

413

14.5

1,035

31.9

126

4.0

1,015

31.1

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,13,369

–317

—

49,442

8.4

35,310

5.2

73,382

13.0

74,362

11.6

(a) Reserve Bank

1,20,679

62,624

–13,807

–18.1

–31,625

–20.8

–58,055

–48.1

–35,992

–23.0

–57,929

–48.1

(b) Other Banks

5,57,379

6,50,745

13,489

2.1

81,067

18.5

93,365

16.8

1,09,374

26.7

1,32,291

25.5

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,34,464

–1,036

–0.1

81,333

10.7

27,852

3.1

1,31,985

18.6

93,484

11.1

(a) Reserve Bank

3,048

2,928

–62

–2.1

–2,822

–47.6

–120

–3.9

–7,928

–71.8

–178

–5.7

(b) Other Banks

9,03,564

9,31,536

–974

–0.1

84,155

11.2

27,972

3.1

1,39,913

20.0

93,662

11.2

(iii)

Net foreign exchange assets of banking sector

3,93,715

4,50,910

15,300

3.5

45,234

14.5

57,195

14.5

83,165

30.5

94,642

26.6

(iv)

Government's currency liabilities to the public

7,071

7,179

—

—

485

7.6

108

1.5

962

16.3

328

4.8

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,234

2,52,952

5,869

2.4

18,822

11.2

–7,282

–2.8

54,309

40.9

65,872

35.2

of which : Net non-monetary liabilities of RBI

1,27,141

1,16,258

1,654

1.4

10,215

10.1

–10,883

–8.6

19,766

21.6

4,824

4.3

@ : Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Data also reflect redemption ofResurgent India Bonds (RIBs) of Rs.22,693 crore, since October 1, 2003.
Figures in [ ] exclude the impact of mergers since May 3, 2002.