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Weekly Statistical Supplement


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Date : Jun 05, 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#

May 14#

Amount %

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

20,00,349

20,66,633

50

65,455

3.8

66,284

3.3

1,88,576

11.8

2,81,975

15.8

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,16,758

3,36,763

6,800

2.1

22,633

8.3

20,005

6.3

32,768

12.5

42,748

14.5

(ii)

Demand deposits with banks

2,51,371

2,47,501

–9,214

–3.6

574

0.3

–3,871

–1.5

21,077

11.9

49,137

24.8

(iii)

Time deposits with banks @

14,27,179

14,78,821

2,588

0.2

42,818

3.4

51,642

3.6

1,34,374

11.6

1,89,215

14.7

(iv)

"Other" deposits with Reserve Bank

5,041

3,548

–124

–3.4

–569

–17.5

–1,493

–29.6

358

15.5

875

32.7

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

(i)

Net Bank credit to Government (a+b)

7,41,968

7,41,109

–6,033

–0.8

31,343

4.6

–859

–0.1

77,256

12.3

35,336

5.0

(a) Reserve Bank

44,907

8,921

–4,440

–33.2

6,197

5.1

–35,986

–80.1

–42,188

–25.0

–1,17,955

–93.0

(b) Other Banks

6,97,061

7,32,188

–1,594

–0.2

25,146

4.5

35,127

5.0

1,19,445

26.0

1,53,291

26.5

(ii)

Bank credit to commercial sector (a+b)

10,11,074

10,36,306

–829

–0.1

695

0.1

25,232

2.5

81,980

10.1

1,43,523

16.1

(a) Reserve Bank

2,061

2,021

–1

–0.1

–125

–4.1

–41

–2.0

–2,033

–41.0

–902

–30.9

(b) Other Banks

10,09,013

10,34,286

–828

–0.1

820

0.1

25,273

2.5

84,013

10.4

1,44,426

16.2

(iii)

Net foreign exchange assets of banking sector

5,15,304

5,63,695

12,795

2.3

15,249

3.9

48,391

9.4

89,608

28.1

1,54,731

37.8

(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

2,75,288

2,81,768

5,882

2.1

–18,133

–7.3

6,480

2.4

60,991

36.1

51,800

22.5

of which : Net non-monetary liabilities of RBI

1,07,663

1,20,769

9,597

8.6

2,526

2.0

13,107

12.2

17,302

15.4

–8,898

–6.9

@ : 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.

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


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