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Weekly Statistical Supplement


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Date : Jul 17, 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#

Jun. 25#

Amount %

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

20,00,349

20,76,750

10,198

0.5

89,476

5.2

76,401

3.8

1,99,203

12.4

2,68,072

14.8

M3

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,16,758

3,29,836

–5,708

–1.7

15,758

5.8

13,077

4.1

31,856

12.5

42,696

14.9

(ii)

Demand deposits with banks

2,51,371

2,43,425

3,093

1.3

12,461

6.3

–7,946

–3.2

27,458

15.0

33,174

15.8

(iii)

Time deposits with banks @

14,27,179

14,99,949

12,747

0.9

61,192

4.9

72,770

5.1

1,39,821

12.0

1,91,968

14.7

(iv)

"Other" deposits with Reserve Bank

5,041

3,541

66

1.9

65

2.0

–1,500

–29.8

69

2.1

234

7.1

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

(i)

Net Bank credit to Government (a+b)

7,41,968

7,55,196

765

0.1

37,173

5.5

13,228

1.8

76,748

12.1

43,593

6.1

(a) Reserve Bank

44,907

10,764

–1,589

–12.9

–4,451

–3.7

–34,143

–76.0

–31,737

–21.4

–1,05,465

–90.7

(b) Other Banks

6,97,061

7,44,432

2,355

0.3

41,624

7.5

47,371

6.8

1,08,485

22.3

1,49,057

25.0

(ii)

Bank credit to commercial sector (a+b)

10,11,074

10,58,731

13,496

1.3

12,812

1.4

47,657

4.7

89,153

10.9

1,53,831

17.0

(a) Reserve Bank

2,061

1,889

–32

–1.7

–73

–2.4

–172

–8.3

56

1.9

–1,086

–36.5

(b) Other Banks

10,09,013

10,56,842

13,527

1.3

12,885

1.4

47,829

4.7

89,096

11.0

1,54,917

17.2

(iii)

Net foreign exchange assets of banking sector

5,15,304

5,84,111

9,502

1.7

23,876

6.1

68,807

13.4

83,150

24.9

1,66,521

39.9

(iv)

Government's currency liabilities to the public

7,291

7,312

84

1.2

21

0.3

621

9.5

157

2.2

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,75,288

3,28,600

13,565

4.3

–15,531

–6.3

53,312

19.4

50,468

27.7

96,030

41.3

of which : Net non-monetary liabilities of RBI

1,07,663

1,34,944

13,395

11.0

437

0.3

27,282

25.3

8,811

7.4

7,365

5.8

@ : 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.



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