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Weekly Statistical Supplement


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Date : Oct 09, 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#

Sep. 17#

Amount %

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

20,03,102

20,97,242

–3,600

–0.2

1,19,876

7.0

94,139

4.7

1,97,438

12.0

2,59,407

14.1

M3

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,15,493

3,25,995

328

0.1

11,898

4.4

10,502

3.3

32,486

12.9

42,516

15.0

(ii)

Demand deposits with banks

2,56,039

2,47,750

–632

–0.3

4,831

2.4

–8,289

–3.2

25,104

14.1

44,162

21.7

(iii)

Time deposits with banks @

14,26,451

15,19,208

–3,150

–0.2

1,02,729

8.3

92,757

6.5

1,39,667

11.6

1,72,100

12.8

(iv)

"Other" deposits with Reserve Bank

5,119

4,288

–146

–3.3

417

12.9

–831

–16.2

181

5.2

629

17.2

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

(i)

Net Bank credit to Government (a+b)

7,45,499

7,41,155

–14,026

–1.9

35,591

5.3

–4,344

–0.6

75,826

11.9

29,041

4.1

(a) Reserve Bank

44,907

4,585

–4,415

–49.1

–57,597

–47.7

–40,322

–89.8

–65,105

–50.8

–58,497

–92.7

(b) Other Banks

7,00,591

7,36,570

–9,611

–1.3

93,188

16.8

35,978

5.1

1,40,931

27.7

87,538

13.5

(ii)

Bank credit to commercial sector (a+b)

10,17,902

11,02,025

8,469

0.8

16,955

1.9

84,123

8.3

86,278

10.4

1,86,090

20.3

(a) Reserve Bank

2,061

1,889

–35

–1.1

–172

–8.3

87

3.0

–1,124

–37.3

(b) Other Banks

10,15,841

11,00,136

8,469

0.8

16,990

1.9

84,295

8.3

86,191

10.4

1,87,214

20.5

(iii)

Net foreign exchange assets of banking sector

5,26,586

5,78,851

–1,903

–0.3

45,841

11.6

52,264

9.9

90,449

25.9

1,39,295

31.7

(iv)

Government's currency liabilities to the public

7,296

7,339

157

2.2

44

0.6

438

6.5

111

1.5

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,94,181

3,32,128

–3,861

–1.1

–21,331

–8.3

37,948

12.9

55,554

30.6

95,129

40.1

of which : Net non-monetary liabilities of RBI

1,07,585

1,29,067

–1,633

–1.2

–11,205

–8.8

21,482

20.0

4,647

4.2

13,131

11.3

@ :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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