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Weekly Statistical Supplement


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Date : Mar 13, 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#

Feb. 20#

Amount %

Amount

%

Amount

%

Amount

%

Amount

%

1

 

2

3

4

5

6

7

8

9

10

11

12

13

M3  

17,25,222

19,62,720

18,289

0.9

2,15,441

14.4

2,37,497

13.8

2,39,411

16.2

2,48,924

14.5


   

[16,95,551]

     

[1,84,781]

[12.3]

   

[2,08,751]

[14.2]

   

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

3,12,957

2,227

0.7

30,371

12.6

41,974

15.5

31,463

13.1

41,791

15.4

(ii)

Demand deposits with banks

1,98,602

2,30,843

3,953

1.7

11,663

6.5

32,241

16.2

24,384

14.6

39,981

20.9

(iii)

Time deposits with banks @

12,52,396

14,14,827

12,270

0.9

1,73,009

16.1

1,62,431

13.0

1,82,639

17.1

1,66,307

13.3

   

[12,22,725]

     

[1,42,349]

[13.2]

   

[1,51,979]

[14.3]

   

(iv)

"Other" deposits with Reserve Bank

3,242

4,093

–161

–3.8

398

14.0

851

26.2

925

39.8

846

26.1

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,33,815

5,447

0.7

63,937

10.8

55,756

8.2

69,708

11.9

80,313

12.3

 

(a) Reserve Bank

1,20,679

37,469

–642

–1.7

–50,570

–33.2

–83,211

–69.0

–49,742

–32.9

–64,139

–63.1

 

(b) Other Banks

5,57,379

6,96,346

6,089

0.9

1,14,506

26.2

1,38,966

24.9

1,19,450

27.6

1,44,453

26.2

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,93,738

5,281

0.5

1,24,950

16.4

87,126

9.6

1,43,311

19.3

1,09,141

12.3

 

(a) Reserve Bank

3,048

2,061

3

0.1

–3,013

–50.8

–987

–32.4

–4,920

–62.8

–855

–29.3

 

(b) Other Banks

9,03,564

9,91,677

5,278

0.5

1,27,963

17.0

88,113

9.8

1,48,231

20.2

1,09,996

12.5

(iii)

Net foreign exchange assets of banking sector

3,93,715

5,20,317

4,738

0.9

89,684

28.8

1,26,602

32.2

1,04,342

35.2

1,19,599

29.8

(iv)

Government's currency liabilities to the public

7,071

7,240

670

10.5

169

2.4

798

12.8

204

2.9

(v)

Banking sector's net non-monetary liabilities

 
 

other than time deposits

2,60,234

2,92,390

–2,824

–1.0

63,800

37.9

32,156

12.4

78,749

51.4

60,333

26.0

 

of which : Net non-monetary liabilities of RBI

1,27,141

1,32,085

–1,370

–1.0

24,649

24.4

4,943

3.9

23,308

22.7

6,216

4.9

@ : 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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