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Weekly Statistical Supplement


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Date : Dec 06, 2003
7. Money Stock : Components and Sources

(Rs. crore)


  

Outstanding ason

Variation over

   

Fortnight

Financial year so far

Year-on-year

  

2003

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

Nov. 14#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%


1

 

2

3

4

5

6

7

8

9

10

11

12

13


M3

 

17,25,222

18,68,922

4,253

0.2

1,71,773

11.5

1,43,700

8.3

2,33,418

16.2

1,98,795

11.9

  

[16,95,551]

   

[1,36,062]

[9.1]

  

[1,97,707]

[13.8]

  

Components (i+ii+iii+iv)

            

(i)

Currency with the Public

2,70,983

2,98,901

4,483

1.5

23,804

9.9

27,918

10.3

29,064

12.3

34,302

13.0

(ii)

Demand deposits with banks

1,98,602

2,13,106

–5,795

–2.6

1,098

0.6

14,505

7.3

16,344

10.0

32,809

18.2

(iii)

Time deposits with banks @

12,52,396

13,52,819

7,133

0.5

1,46,117

13.6

1,00,423

8.0

1,87,144

18.1

1,31,189

10.7

  

[12,22,725]

   

[1,10,406]

[10.3]

  

[1,51,433]

[14.6]

  

(iv)

"Other" deposits with Reserve Bank

3,242

4,097

–1,568

–27.7

753

26.4

854

26.3

866

31.7

494

13.7

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

            

(i)

Net Bank credit to Government (a+b)

6,78,059

7,21,134

4,217

0.6

57,420

9.7

43,075

6.4

71,102

12.3

74,149

11.5

 

(a) Reserve Bank

1,20,679

64,353

–6,857

–9.6

–21,239

–14.0

–56,326

–46.7

–33,143

–20.2

–66,586

–50.9

 

(b) Other Banks

5,57,379

6,56,781

11,074

1.7

78,659

18.0

99,402

17.8

1,04,245

25.3

1,40,735

27.3

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,43,304

–299

88,186

11.6

36,692

4.0

1,36,755

19.2

95,471

11.3

 

(a) Reserve Bank

3,048

2,075

–824

–28.4

–2,964

–50.0

–973

–31.9

–4,854

–62.1

–889

–30.0

 

(b) Other Banks

9,03,564

9,41,229

525

0.1

91,150

12.1

37,665

4.2

1,41,609

20.1

96,360

11.4

(iii)

Net foreign exchange assets of banking sector

3,93,715

4,61,360

5,100

1.1

53,621

17.2

67,645

17.2

85,186

30.5

96,704

26.5

(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

2,64,054

4,766

1.8

27,939

16.6

3,820

1.5

60,587

44.7

67,858

34.6

 

of which : Net non-monetary liabilities of RBI

1,27,141

1,17,663

1,506

1.3

13,868

13.7

–9,478

–7.5

22,917

24.9

2,576

          2.2


@ : 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.


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