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Weekly Statistical Supplement


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Date : May 22, 2004
7. Money Stock : Components and Sources

(Rs. crore)

Outstanding as on

Variation over

2004

Fortnight

Financial year so far

Year-on-year

2003-2004

2004-2005

2003

2004

Item

Mar. 31#

Apr. 30#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

20,00,349

20,66,583

19,138

0.9

60,618

3.5

66,234

3.3

1,88,323

11.8

2,86,763

16.1

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,16,758

3,29,963

1,258

0.4

13,354

4.9

13,205

4.2

29,175

11.4

45,227

15.9

(ii)

Demand deposits with banks

2,51,371

2,56,714

–3,560

–1.4

5,437

2.7

5,343

2.1

22,335

12.3

53,487

26.3

(iii)

Time deposits with banks @

14,27,179

14,76,233

21,515

1.5

42,111

3.4

49,054

3.4

1,36,069

11.8

1,87,333

14.5

(iv)

"Other" deposits with Reserve Bank

5,041

3,673

–76

–2.0

–285

–8.8

–1,369

–27.1

746

33.7

715

24.2

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

(i)

Net Bank credit to Government (a+b)

7,44,616

7,47,142

17,828

2.4

35,160

5.2

2,527

0.3

89,023

14.3

37,552

5.3

(a) Reserve Bank

47,555

13,361

15,008

8,779

7.3

–34,194

–71.9

–31,611

–19.6

–1,16,097

–89.7

(b) Other Banks

6,97,061

7,33,781

2,820

0.4

26,381

4.8

36,721

5.3

1,20,634

26.3

1,53,650

26.5

(ii)

Bank credit to commercial sector (a+b)

10,11,074

10,37,136

–4,232

–0.4

2,549

0.3

26,061

2.6

81,516

10.0

1,42,498

15.9

(a) Reserve Bank

2,061

2,022

–3

–0.1

–54

–1.8

–39

–1.9

–2,938

–49.5

–972

–32.5

(b) Other Banks

10,09,013

10,35,114

–4,230

–0.4

2,603

0.3

26,101

2.6

84,454

10.5

1,43,471

16.1

(iii)

Net foreign exchange assets of banking sector

5,15,304

5,50,900

9,790

1.8

9,223

2.3

35,596

6.9

83,526

26.1

1,47,962

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

2,75,886

4,247

1.6

–13,649

–5.5

–2,049

–0.7

66,465

39.6

41,434

17.7

of which : Net non-monetary liabilities of RBI

1,10,310

1,11,172

4,745

4.5

69

0.1

862

0.8

15,375

13.7

–16,038

–12.6

@ : 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.

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



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