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Weekly Statistical Supplement


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Date : Jun 12, 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 28#

Amount %

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

20,00,349

20,66,190

–442

72,795

4.2

65,841

3.3

1,86,773

11.6

2,74,193

15.3

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,16,758

3,31,941

–4,821

–1.4

18,100

6.7

15,183

4.8

32,035

12.4

42,460

14.7

(ii)

Demand deposits with banks

2,51,371

2,45,117

–2,383

–1.0

6,347

3.2

–6,254

–2.5

22,710

12.5

40,980

20.1

(iii)

Time deposits with banks @

14,27,179

14,85,503

6,681

0.5

49,135

3.9

58,323

4.1

1,31,845

11.3

1,89,579

14.6

(iv)

"Other" deposits with Reserve Bank

5,041

3,629

81

2.3

–788

–24.3

–1,412

–28.0

183

8.1

1,174

47.8

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

(i)

Net Bank credit to Government (a+b)

7,41,968

7,48,255

7,146

1.0

33,493

5.0

6,287

0.8

74,625

11.8

40,332

5.7

(a) Reserve Bank

44,907

4,259

–4,662

–52.3

2,866

2.4

–40,648

–90.5

–36,156

–22.6

–1,19,286

–96.6

(b) Other Banks

6,97,061

7,43,996

11,808

1.6

30,628

5.5

46,935

6.7

1,10,782

23.4

1,59,618

27.3

(ii)

Bank credit to commercial sector (a+b)

10,11,074

10,34,149

–2,157

–0.2

482

0.1

23,075

2.3

79,417

9.8

1,41,579

15.9

(a) Reserve Bank

2,061

2,116

95

4.7

–40

–1.3

55

2.6

–86

–2.8

–892

–29.7

(b) Other Banks

10,09,013

10,32,033

–2,252

–0.2

522

0.1

23,020

2.3

79,503

9.8

1,42,471

16.0

(iii)

Net foreign exchange assets of banking sector

5,15,304

5,68,397

4,702

0.8

24,336

6.2

53,093

10.3

95,751

29.7

1,50,347

36.0

(iv)

Government's currency liabilities to the public

7,291

7,291

70

1.0

682

10.6

150

2.1

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,75,288

2,91,902

10,133

3.6

–14,414

–5.8

16,613

6.0

63,703

37.5

58,214

24.9

of which : Net non-monetary liabilities of RBI

1,07,663

1,28,666

7,897

6.5

4,859

3.8

21,003

19.5

18,713

16.5

–3,335

–2.5

@ : 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.

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



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