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Weekly Statistical Supplement


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Date : Aug 21, 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#

Aug. 6#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

20,03,102

20,97,710

13,576

0.7

95,311

5.5

94,607

4.7

1,89,622

11.7

2,84,440

15.7

M3

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,15,493

3,25,132

120

15,278

5.6

9,639

3.1

32,378

12.7

38,273

13.3

(ii)

Demand deposits with banks

2,56,039

2,49,719

7,882

3.3

–300

–0.2

–6,320

–2.5

25,969

15.1

51,262

25.8

(iii)

Time deposits with banks @

14,26,451

15,18,182

5,437

0.4

79,980

6.4

91,731

6.4

1,31,231

11.0

1,93,823

14.6

(iv)

"Other" deposits with Reserve Bank

5,119

4,677

136

3.0

353

10.9

–443

–8.6

44

1.2

1,082

30.1

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

(i)

Net Bank credit to Government (a+b)

7,45,499

7,63,395

8,966

1.2

44,595

6.6

17,896

2.4

72,172

11.1

42,277

5.9

(a) Reserve Bank

44,907

6,322

3,959

167.6

–34,963

–29.0

–38,585

–85.9

–68,421

–44.4

–79,394

–92.6

(b) Other Banks

7,00,591

7,57,073

5,006

0.7

79,558

14.3

56,481

8.1

1,40,593

28.4

1,21,671

19.1

(ii)

Bank credit to commercial sector (a+b)

10,17,902

10,75,843

9,186

0.9

7,628

0.8

57,941

5.7

85,816

10.5

1,69,234

18.7

(a) Reserve Bank

2,061

1,889

399

13.1

–172

–8.3

510

17.4

–1,558

–45.2

(b) Other Banks

10,15,841

10,73,953

9,186

0.9

7,229

0.8

58,112

5.7

85,306

10.4

1,70,792

18.9

(iii)

Net foreign exchange assets of banking sector

5,26,586

5,90,227

1,513

0.3

34,163

8.7

63,641

12.1

84,592

24.6

1,62,349

37.9

(iv)

Government's currency liabilities to the public

7,296

7,312

104

1.5

17

0.2

509

7.6

137

1.9

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,94,181

3,39,067

6,089

1.8

–8,820

–3.4

44,887

15.3

53,468

27.3

89,557

35.9

of which : Net non-monetary liabilities of RBI

1,07,585

1,41,972

4,981

3.6

–7,317

–5.8

34,387

32.0

131

0.1

22,148

18.5

@ :Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000.
Data also reflect redemption ofResurgent IndiaBonds (RIBs) of Rs.22,693 crore, since October 1, 2003.



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