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Weekly Statistical Supplement


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Date : Mar 27, 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#

Mar. 5#

Amount %

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3  

17,25,222

19,77,743

15,023

0.8

2,24,768

15.0

2,52,520

14.6

2,37,482

16.0

2,54,620

14.8

   

[16,95,551]

     

[1,94,823]

[13.0]

   

[2,07,537]

[14.0]

   

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

3,15,543

2,586

0.8

33,936

14.1

44,561

16.4

30,873

12.7

40,813

14.9

(ii)

Demand deposits with banks

1,98,602

2,32,737

1,895

0.8

11,662

6.5

34,136

17.2

22,054

13.1

41,877

21.9

(iii)

Time deposits with banks @

12,52,396

14,25,539

10,712

0.8

1,79,533

16.7

1,73,143

13.8

1,84,266

17.2

1,70,494

13.6

   

[12,22,725]

     

[1,49,588]

[13.9]

   

[1,54,321]

[14.4]

   

(iv)

"Other" deposits with Reserve Bank

3,242

3,923

–170

–4.2

–362

–12.7

681

21.0

288

13.1

1,436

57.7

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,38,938

5,123

0.7

80,939

13.7

60,879

9.0

85,453

14.6

68,434

10.2

 

(a) Reserve Bank

1,20,679

36,430

–1,039

–2.8

–32,429

–21.3

–84,250

–69.8

–32,399

–21.3

–83,319

–69.6

 

(b) Other Banks

5,57,379

7,02,508

6,162

0.9

1,13,368

25.9

1,45,128

26.0

1,17,852

27.2

1,51,753

27.6

(ii)

Bank credit to commercial sector (a+b)

9,06,612

10,01,806

8,068

0.8

1,31,481

17.3

95,194

10.5

1,47,196

19.8

1,10,677

12.4

 

(a) Reserve Bank

3,048

2,063

2

0.1

–2,705

–45.6

–985

–32.3

–3,696

–53.4

–1,161

–36.0

 

(b) Other Banks

9,03,564

9,99,743

8,066

0.8

1,34,187

17.8

96,179

10.6

1,50,892

20.5

1,11,838

12.6

(iii)

Net foreign exchange assets of banking sector

3,93,715

5,27,315

6,998

1.3

81,441

26.2

1,33,601

33.9

91,005

30.2

1,34,840

34.4

(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

2,97,556

5,166

1.8

69,763

41.5

37,322

14.3

86,971

57.6

59,536

25.0

 

of which : Net non-monetary liabilities of RBI

1,27,141

1,30,195

–1,889

–1.4

27,836

27.5

3,054

2.4

25,497

24.6

1,139

0.9


@: 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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