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Weekly Statistical Supplement


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Date : Apr 17, 2004
7. Money Stock : Components and Sources

(Rs. crore)

   

Outstanding as on

       

Variation over

     
           

Financial year so far

   

Year-on-year

 
   

2004

Fortnight

               
           

2003-2004

2004-2005

2003

 

2004

 

Item

Mar. 31#

Apr. 2#

Amount %

Amount

%

Amount

%

Amount

%

Amount

%

1

 

2

3

4

5

6

7

8

9

10

11

12

13

   

20,00,349

20,39,871

39,198

2.0

42,974

2.5

39,521

2.0

2,26,622

14.8

2,77,694

15.8

M3

                         
                           
                   

[1,97,220]

[12.8]

   

Components (i+ii+iii+iv)

                       

(i)

Currency with the Public

3,16,758

3,15,464

–2,528

–0.8

3,476

1.3

–1,294

–0.4

28,771

11.7

40,606

14.8

(ii)

Demand deposits with banks

2,51,371

2,73,300

21,929

8.7

16,883

8.5

21,929

8.7

25,295

13.4

58,627

27.3

(iii)

Time deposits with banks @

14,27,179

14,46,813

19,634

1.4

22,033

1.8

19,634

1.4

1,71,377

15.6

1,77,992

14.0

                   

[1,41,975]

[12.9]

   

(iv)

"Other" deposits with Reserve Bank

5,041

4,294

163

3.9

583

18.0

–747

–14.8

1,180

44.6

469

12.3

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

                       

(i)

Net Bank credit to Government (a+b)

7,44,616

7,23,693

–851

–0.1

4,727

0.7

–20,923

–2.8

81,562

13.6

44,536

6.6

 

(a) Reserve Bank

47,555

23,279

–4,204

–15.3

–14,703

–12.2

–24,276

–51.0

–38,060

–26.4

–82,697

–78.0

 

(b) Other Banks

6,97,061

7,00,413

3,353

0.5

19,431

3.5

3,353

0.5

1,19,622

26.4

1,27,232

22.2

(ii)

Bank credit to commercial sector (a+b)

10,11,074

10,44,016

32,960

3.3

11,256

1.3

32,941

3.3

1,33,692

17.4

1,40,671

15.6

 

(a) Reserve Bank

2,061

2,073

31

1.5

–37

–1.2

12

0.6

–186

–5.8

–938

–31.1

 

(b) Other Banks

10,09,013

10,41,942

32,929

3.3

11,293

1.3

32,929

3.3

1,33,878

17.5

1,41,609

15.7

(iii)

Net foreign exchange assets of banking sector

5,15,304

5,18,193

–10,100

–1.9

–2,557

–0.6

2,889

0.6

77,672

24.8

1,27,036

32.5

(iv)

Government's currency liabilities to the public

7,291

7,291

705

11.1

220

3.1

(v)

Banking sector's net non-monetary liabilities

                       
 

other than time deposits

2,77,936

2,53,321

–17,189

–6.4

–29,548

–11.9

–24,614

–8.9

67,009

44.2

34,768

15.9

 

of which : Net non-monetary liabilities of RBI

1,10,310

1,10,248

–18,152

–14.1

–5,274

–4.1

–62

–0.1

16,649

15.8

–11,620

–9.5

 

@ : 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.

Note : Government Balances as on March 31, 2004 are before closure of accounts.



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