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Weekly Statistical Supplement


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Date : Feb 14, 2004
7. Money Stock : Components and Sources

(Rs. crore)

Outstanding as on

Variation over

Financial year so far

Year-on-year

2003

2004

Fortnight

2002-2003

2003-2004

2003

2004

Item

Mar. 31#

Jan. 23#

Amount %

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

17,25,222

19,25,368

4,381

0.2

1,98,884

13.3

2,00,146

11.6

2,38,814

16.4

2,28,129

13.4

M3

[16,95,551]

[1,67,438]

[11.2]

[2,07,368]

[14.2]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

3,05,975

698

0.2

24,503

10.2

34,992

12.9

31,981

13.7

40,677

15.3

(ii)

Demand deposits with banks

1,98,602

2,18,861

–4,202

–1.9

5,820

3.2

20,259

10.2

20,104

12.2

33,841

18.3

(iii)

Time deposits with banks @

12,52,396

13,96,397

7,754

0.6

1,68,739

15.7

1,44,002

11.5

1,86,356

17.6

1,52,147

12.2

[12,22,725]

[1,37,293]

[12.8]

[1,54,910]

[14.6]

(iv)

"Other" deposits with Reserve Bank

3,242

4,135

131

3.3

–178

–6.3

893

27.5

373

16.2

1,464

54.8

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,23,730

273

59,262

10.1

45,671

6.7

70,023

12.1

74,903

11.5

(a) Reserve Bank

1,20,679

52,409

4,248

8.8

–44,355

–29.1

–68,270

–56.6

–44,636

–29.3

–55,414

–51.4

(b) Other Banks

5,57,379

6,71,320

–3,975

–0.6

1,03,617

23.7

1,13,941

20.4

1,14,659

26.9

1,30,317

24.1

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,77,686

3,930

0.4

1,09,978

14.5

71,074

7.8

1,35,948

18.5

1,08,061

12.4

(a) Reserve Bank

3,048

2,064

–92

–4.3

–3,004

–50.7

–984

–32.3

–4,959

–62.9

–861

–29.4

(b) Other Banks

9,03,564

9,75,622

4,022

0.4

1,12,981

15.0

72,058

8.0

1,40,907

19.4

1,08,922

12.6

(iii)

Net foreign exchange assets of banking sector

3,93,715

5,05,778

479

0.1

80,394

25.8

1,12,063

28.5

1,02,572

35.5

1,14,349

29.2

(iv)

Government's currency liabilities to the public

7,071

7,240

627

9.8

169

2.4

838

13.6

248

3.5

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,234

2,89,065

302

0.1

51,376

30.5

28,831

11.1

70,566

47.3

69,432

31.6

of which : Net non-monetary liabilities of RBI

1,27,141

1,33,433

–4,205

–3.1

25,852

25.5

6,291

4.9

28,652

29.1

6,361

5.0

@ : Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Data also reflect redemption of India Resurgent

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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