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Weekly Statistical Supplement


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Date : Feb 28, 2004
7. Money Stock : Components and Sources

Outstanding as on

Variation over

Financial year so far

Year-on-year

2003

2004

Fortnight

2002-2003

2003-2004

2003

2004

Item

Mar. 31#

Feb. 6#

Amount %

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

17,25,222

19,44,430

19,062

1.0

2,11,659

14.1

2,19,208

12.7

2,42,436

16.5

2,34,416

13.7

M3

[16,95,551]

[1,80,686]

[12.1]

[2,11,463]

[14.4]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

3,10,729

4,755

1.6

29,936

12.4

39,747

14.7

32,281

13.5

39,999

14.8

(ii)

Demand deposits with banks

1,98,602

2,26,890

8,029

3.7

9,580

5.3

28,288

14.2

22,162

13.3

38,111

20.2

(iii)

Time deposits with banks @

12,52,396

14,02,557

6,160

0.4

1,72,077

16.0

1,50,161

12.0

1,87,293

17.7

1,54,968

12.4

[12,22,725]

[1,41,104]

[13.1]

[1,56,320]

[14.7]

(iv)

"Other" deposits with Reserve Bank

3,242

4,254

119

2.9

67

2.4

1,012

31.2

701

31.6

1,338

45.9

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,28,367

4,637

0.6

66,803

11.3

50,308

7.4

73,449

12.6

72,000

11.0

(a) Reserve Bank

1,20,679

38,111

–14,299

–27.3

–43,670

–28.7

–82,569

–68.4

–47,257

–30.3

–70,397

–64.9

(b) Other Banks

5,57,379

6,90,257

18,936

2.8

1,10,473

25.3

1,32,877

23.8

1,20,706

28.3

1,42,396

26.0

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,88,458

10,772

1.1

1,19,090

15.7

81,846

9.0

1,42,694

19.4

1,09,720

12.5

(a) Reserve Bank

3,048

2,059

–6

–0.3

–3,023

–51.0

–990

–32.5

–5,291

–64.6

–847

–29.2

(b) Other Banks

9,03,564

9,86,399

10,777

1.1

1,22,113

16.2

82,835

9.2

1,47,985

20.3

1,10,567

12.6

(iii)

Net foreign exchange assets of banking sector

3,93,715

5,15,579

9,802

1.9

86,247

27.7

1,21,865

31.0

1,04,376

35.6

1,18,298

29.8

(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

2,95,214

6,149

2.1

61,108

36.3

34,980

13.4

78,920

52.5

65,849

28.7

of which : Net non-monetary liabilities of RBI

1,27,141

1,33,454

22

25,956

25.6

6,313

5.0

25,916

25.6

6,278

4.9

@ : 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.


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