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Weekly Statistical Supplement


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Date : Apr 03, 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. 19#

Amount %

Amount

%

Amount

%

Amount

%

Amount

%

1

 

2

3

4

5

6

7

8

9

10

11

12

13

M3

 

17,25,222

20,00,899

23,156

1.2

2,29,993

15.3

2,75,677

16.0

2,30,248

15.4

2,72,551

15.8

  

[16,95,551]

   

[2,00,322]

[13.4]

  

[2,00,577]

[13.4]

  

Components (i+ii+iii+iv)

            

(i)

Currency with the Public

2,70,983

3,18,058

2,515

0.8

33,416

13.9

47,076

17.4

31,670

13.1

43,848

16.0

(ii)

Demand deposits with banks

1,98,602

2,50,284

17,547

7.5

19,405

10.8

51,683

26.0

20,083

11.2

51,680

26.0

(iii)

Time deposits with banks @

12,52,396

14,27,799

2,259

0.2

1,76,711

16.4

1,75,403

14.0

1,77,889

16.6

1,75,575

14.0

  

[12,22,725]

   

[1,47,040]

[13.7]

  

[1,48,218]

[13.8]

  

(iv)

"Other" deposits with Reserve Bank

3,242

4,758

835

21.3

461

16.2

1,516

46.7

606

22.4

1,448

43.7

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

            

(i)

Net Bank credit to Government (a+b)

6,78,059

7,25,880

–13,058

–1.8

77,271

13.1

47,821

7.1

87,795

15.2

59,044

8.9

 

(a) Reserve Bank

1,20,679

27,483

–8,947

–24.6

–42,722

–28.1

–93,196

–77.2

–32,312

–22.8

–81,973

–74.9

 

(b) Other Banks

5,57,379

6,98,397

–4,111

–0.6

1,19,993

27.4

1,41,017

25.3

1,20,107

27.5

1,41,017

25.3

(ii)

Bank credit to commercial sector (a+b)

9,06,612

10,18,109

16,303

1.6

1,47,026

19.4

1,11,497

12.3

1,47,235

19.4

1,11,436

12.3

 

(a) Reserve Bank

3,048

2,043

–20

–1.0

–2,956

–49.9

–1,005

–33.0

–3,992

–57.3

–929

–31.3

 

(b) Other Banks

9,03,564

10,16,066

16,323

1.6

1,49,983

19.9

1,12,503

12.5

1,51,227

20.1

1,12,365

12.4

(iii)

Net foreign exchange assets of banking sector

3,93,715

5,30,285

2,969

0.6

76,516

24.6

1,36,570

34.7

80,511

26.2

1,42,734

36.8

(iv)

Government's currency liabilities to the public

7,071

7,240

705

11.1

169

2.4

705

11.1

169

2.4

(v)

Banking sector's net non-monetary liabilities

 
 

other than time deposits

2,60,234

2,80,615

–16,941

–5.7

71,525

42.5

20,381

7.8

85,997

55.9

40,832

17.0

 

of which : Net non-monetary liabilities of RBI

1,27,141

1,27,773

–2,422

–1.9

23,153

22.9

632

0.5

20,495

19.7

3,401

2.7


@ :

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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