(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#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,90,786

12,364

0.7

1,85,711

12.4

1,65,563

9.6

2,40,449

16.7

2,06,720

12.3

[16,95,551]

[1,52,481]

[10.2]

[2,07,219]

[14.4]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

3,03,193

5,849

2.0

24,001

10.0

32,210

11.9

30,432

13.0

38,397

14.5

(ii)

Demand deposits with banks

1,98,602

2,17,844

2,001

0.9

5,785

3.2

19,242

9.7

20,374

12.4

32,860

17.8

(iii)

Time deposits with banks @

12,52,396

13,65,607

4,508

0.3

1,55,829

14.5

1,13,212

9.0

1,89,525

18.2

1,34,267

10.9

[12,22,725]

[1,22,599]

[11.4]

[1,56,295]

[15.0]

(iv)

"Other" deposits with Reserve Bank

3,242

4,141

7

0.2

95

3.3

899

27.7

119

4.2

1,197

40.6

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,23,542

–3,108

–0.4

67,672

11.5

45,483

6.7

77,852

13.4

66,305

10.1

(a) Reserve Bank

1,20,679

59,434

–4,405

–6.9

–29,156

–19.2

–61,246

–50.8

–32,666

–21.0

–63,589

–51.7

(b) Other Banks

5,57,379

6,64,108

1,297

0.2

96,827

22.1

1,06,729

19.1

1,10,519

26.1

1,29,894

24.3

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,50,820

3,780

0.4

95,007

12.5

44,208

4.9

1,38,368

19.3

96,166

11.3

(a) Reserve Bank

3,048

2,090

6

0.3

–2,968

–50.1

–958

–31.4

–6,287

–68.0

–870

–29.4

(b) Other Banks

9,03,564

9,48,730

3,774

0.4

97,975

13.0

45,166

5.0

1,44,655

20.5

97,036

11.4

(iii)

Net foreign exchange assets of banking sector

3,93,715

4,87,330

9,615

2.0

64,902

20.9

93,616

23.8

90,562

31.7

1,11,394

29.6

(iv)

Government's currency liabilities to the public

7,071

7,179

—

—

541

8.5

108

1.5

914

15.2

272

3.9

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,234

2,78,085

–2,077

–0.7

42,410

25.2

17,851

6.9

67,247

46.9

67,417

32.0

of which : Net non-monetary liabilities of RBI

1,27,141

1,26,391

1,138

0.9

18,196

18.0

–751

–0.6

24,287

25.5

6,975

5.8

@ : 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.