| (Rs. crore) |
| | | | Outstanding
as on | Variation over |
| | | Item | | | | | Financial year so far | | |
| | | | 1998 | 1999 | Fortnight | 1997-98 | 1998-99 | Year |
| | | | Mar. 31# | Mar. 26# | Amount | % | Amount | % | Amount | % | Amount | % |
| | | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| M3 | | 8,27,209 | 9,75,200 | 18,004 | 1.9 | 1,26,572 | 18.0 | 1,47,991 | 17.9 | 1,46,780 | 17.7 | | | | | | | | | | | | | | Components (i+ii+iii+iv) | | | | | | | | | | | (i) | Currency with the Public | 1,46,004 | 1,70,659 | -2,688 | -1.6 | 14,775 | 11.2 | 24,655 | 16.9 | 23,797 | 16.2 | (ii) | Demand deposits with banks | 1,17,937 | 1,30,267 | 10,932 | 9.2 | 12,569 | 11.9 | 12,330 | 10.5 | 12,364 | 10.5 | (iii) | Time deposits with banks | 5,59,728 | 6,70,130 @ | 8,436 | 1.3 | 99,111 | 21.5 | 1,10,402 | 19.7 | 1,09,786 | 19.6 | (iv) | "Other" deposits with Reserve Bank | 3,541 | 4,144 | 1,325 | 47.0 | 117 | 3.7 | 603 | 17.0 | 833 | 25.2 | Sources (i+ii+iii+iv-v) | | | | | | | | | | | (i) | Net bank credit to Government (a+b) | 3,30,592 | 3,84,085 | -3,698 | -1.0 | 34,196 | 11.8 | 53,493 | 16.2 | 61,269 | 19.0 | | | (a) Reserve Bank | 1,35,160 | 1,49,952 | -6,103 | -3.9 | 3,204 | 2.6 | 14,792 | 10.9 | 22,567 | 17.7 | | | (b) Other Banks | 1,95,432 | 2,34,133 | 2,404 | 1.0 | 30,993 | 18.8 | 38,701 | 19.8 | 38,701 | 19.8 | | | | | | | | | | | | | | (ii) | Bank credit to commercial sector (a+b) | 4,32,738 | 4,83,201 | 10,803 | 2.3 | 56,159 | 14.9 | 50,463 | 11.7 | 50,735 | 11.7 | | | (a) Reserve Bank | 8,186 | 8,485 | -268 | -3.1 | 1,768 | 28.3 | 299 | 3.7 | 470 | 5.9 | | | (b) Other Banks | 4,24,552 | 4,74,717 | 11,072 | 2.4 | 54,392 | 14.7 | 50,165 | 11.8 | 50,265 | 11.8 | | | | | | | | | | | | | | (iii) | Net foreign exchange assets of banking sector | 1,26,569 | 1,44,402 | 2,601 | 1.8 | 18,623 | 17.7 | 17,833 | 14.1 | 20,283 | 16.3 | (iv) | Government's currency liabilities to the public | 3,352 | 3,705 | — | — | 434 | 14.9 | 353 | 10.5 | 353 | 10.5 | (v) | Banking sector's net non-monetary liabilities | | | | | | | | | | | | | other than time deposits | 66,042 | 40,193 | -8,297 | -17.1 | -17,160 | -24.0 | -25,849 | -39.1 | -14,141 | -26.0 | | | of which : Net non-monetary liabilities of R.B.I. | 43,282 | 59,807 | -316 | -0.5 | 9,009 | 25.6 | 16,525 | 38.2 | 15,614 | 35.3 |
| @ : Includes Rs. 17,945 crore on account of proceeds from Resurgent India Bonds (RIBs). Excluding these proceeds, the year-on-year M3 growth rate in column 11 would work out to be 15.6 per cent. |
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