(Rs. crore)

Outstanding

Variation over

as on

Financial year so far

Year-on-year

2003

2004

Fortnight

2002-2003

2003-2004

2003

2004

Item

Mar. 31#

Jan.9#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

19,20,988

21,918

1.2

1,94,807

13.0

1,95,765

11.3

2,34,883

16.1

2,27,825

13.5

[16,95,551]

[1,62,186]

[10.8]

[2,02,262]

[13.9]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

3,05,277

4,276

1.4

25,530

10.6

34,294

12.7

31,276

13.3

38,952

14.6

(ii)

Demand deposits with banks

1,98,602

2,23,063

2,102

1.0

4,792

2.7

24,461

12.3

19,567

11.9

39,072

21.2

(iii)

Time deposits with banks @

12,52,396

13,88,644

15,917

1.2

1,64,599

15.3

1,36,248

10.9

1,83,729

17.4

1,48,533

12.0

[12,22,725]

[1,31,978]

[12.3]

[1,51,108]

[14.3]

(iv)

"Other" deposits with Reserve Bank

3,242

4,004

–377

–8.6

–114

–4.0

762

23.5

312

12.9

1,269

46.4

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,23,457

7,619

1.1

60,504

10.3

45,398

6.7

67,435

11.6

73,389

11.3

(a) Reserve Bank

1,20,679

48,161

–2,415

–4.8

–31,968

–21.0

–72,518

–60.1

–31,548

–20.8

–72,049

–59.9

(b) Other Banks

5,57,379

6,75,296

10,034

1.5

92,472

21.1

1,17,916

21.2

98,983

23.0

1,45,437

27.4

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,73,756

11,577

1.2

1,05,974

14.0

67,144

7.4

1,32,073

18.0

1,08,134

12.5

(a) Reserve Bank

3,048

2,156

77

3.7

–2,927

–49.4

–892

–29.3

–4,608

–60.6

–845

–28.2

(b) Other Banks

9,03,564

9,71,599

11,500

1.2

1,08,901

14.4

68,036

7.5

1,36,681

18.8

1,08,980

12.6

(iii)

Net foreign exchange assets of banking sector

3,93,715

5,05,298

13,811

2.8

72,113

23.2

1,11,583

28.3

95,632

33.3

1,22,151

31.9

(iv)

Government's currency liabilities to the public

7,071

7,240

—

—

581

9.1

169

2.4

870

14.3

293

4.2

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,234

2,88,763

11,089

4.0

44,365

26.4

28,529

11.0

61,127

40.3

76,141

35.8

of which : Net non-monetary liabilities of RBI

1,27,141

1,37,638

7,698

5.9

23,824

23.5

10,497

8.3

24,804

24.7

12,594

10.1

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