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Weekly Statistical Supplement


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Date : May 08, 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. 16#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

20,00,349

20,47,445

7,574

0.4

57,208

3.3

47,096

2.4

2,34,184

15.2

2,71,034

15.3

[2,04,811]

[13.3]

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,16,758

3,28,705

13,241

4.2

12,976

4.8

11,947

3.8

32,238

12.8

44,347

15.6

(ii)

Demand deposits with banks

2,51,371

2,60,274

–13,026

–4.8

8,377

4.2

8,903

3.5

26,552

14.8

54,107

26.2

(iii)

Time deposits with banks @

14,27,179

14,54,718

7,905

0.5

36,027

2.9

27,539

1.9

1,74,683

15.8

1,71,903

13.4

[1,45,310]

[13.1]

(iv)

"Other" deposits with Reserve Bank

5,041

3,748

–546

–12.7

–171

–5.3

–1,293

–25.6

711

30.1

677

22.0

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

(i)

Net Bank credit to Government (a+b)

7,44,616

7,29,314

5,622

0.8

22,250

3.3

–15,301

–2.1

91,681

15.2

32,634

4.7

(a) Reserve Bank

47,555

–1,647

–24,926

–107.1

6,580

5.5

–49,202

–103.5

–32,843

–20.5

–1,28,906

–101.3

(b) Other Banks

6,97,061

7,30,961

30,548

4.4

15,671

2.8

33,900

4.9

1,24,524

28.0

1,61,540

28.4

(ii)

Bank credit to commercial sector (a+b)

10,11,074

10,41,368

–2,648

–0.3

920

0.1

30,294

3.0

1,27,001

16.6

1,48,360

16.6

(a) Reserve Bank

2,061

2,024

–49

–2.4

–47

–1.5

–37

–1.8

–2,460

–45.0

–977

–32.6

(b) Other Banks

10,09,013

10,39,344

–2,599

–0.2

967

0.1

30,331

3.0

1,29,462

17.0

1,49,337

16.8

(iii)

Net foreign exchange assets of banking sector

5,15,304

5,41,111

22,917

4.4

2,139

0.5

25,806

5.0

79,642

25.2

1,45,257

36.7

(iv)

Government's currency liabilities to the public

7,291

7,291

36

0.5

723

11.3

184

2.6

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,77,936

2,71,639

18,317

7.2

–31,863

–12.8

–6,297

–2.3

64,864

42.9

55,401

25.6

of which : Net non-monetary liabilities of RBI

1,10,310

1,06,428

–3,820

–3.5

–3,204

–2.5

–3,882

–3.5

15,561

14.4

–17,510

–14.1


@ : 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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