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Weekly Statistical Supplement


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Date : Nov 20, 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#

Oct. 29#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

20,03,102

21,35,530

12,017

0.6

1,53,474

8.9

1,32,428

6.6

2,02,092

12.1

2,64,097

14.1

M3

(21,31,961)

(1,28,859)

(6.4)

(2,60,528)

(13.9)

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,15,493

3,30,716

672

0.2

22,388

8.2

15,223

4.8

35,920

13.9

36,747

12.5

(ii)

Demand deposits with banks

2,56,039

2,76,811

14,664

5.6

20,369

10.2

20,772

8.1

33,883

18.3

57,685

26.3

(iii)

Time deposits with banks @

14,26,451

15,21,636

–3,139

–0.2

1,09,112

8.8

95,185

6.7

1,30,667

10.7

1,68,145

12.4

(15,18,067)

(91,616)

(6.4)

(1,64,576)

(12.2)

(iv)

"Other" deposits with Reserve Bank

5,119

6,367

–180

–2.8

1,605

49.5

1,248

24.4

1,622

50.3

1,520

31.4

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

(i)

Net Bank credit to Government (a+b)

7,45,499

7,55,555

441

0.1

44,686

6.6

10,056

1.3

71,801

11.1

34,346

4.8

(7,43,362)

(–2,137)

(–0.3)

(22,153)

(3.1)

(a) Reserve Bank

44,907

22,554

1,689

8.1

–49,470

–41.0

–22,353

–49.8

–71,301

–50.0

–48,656

–68.3

(b) Other Banks

7,00,591

7,33,001

–1,248

–0.2

94,156

16.9

32,410

4.6

1,43,102

28.2

83,002

12.8

(ii)

Bank credit to commercial sector (a+b)

10,17,902

11,70,592

17,083

1.5

38,772

4.3

1,52,690

15.0

90,335

10.7

2,32,839

24.8

(11,37,910)

(1,20,008)

(11.8)

(2,00,157)

(21.3)

(a) Reserve Bank

2,061

1,889

–150

–4.9

–172

–8.3

–44

–1.5

–1,009

–34.8

(b) Other Banks

10,15,841

11,68,702

17,083

1.5

38,922

4.3

1,52,862

15.0

90,379

10.7

2,33,848

25.0

(iii)

Net foreign exchange assets of banking sector

5,26,586

5,87,137

2,209

0.4

58,790

14.9

60,550

11.5

93,930

26.2

1,34,632

29.8

(iv)

Government's currency liabilities to the public

7,296

7,339

181

2.6

44

0.6

401

5.9

87

1.2

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,94,181

3,85,093

7,716

2.0

–11,044

–4.3

90,912

30.9

54,376

28.2

1,37,807

55.7

of which : Net non-monetary liabilities of RBI

1,07,585

1,36,819

1,135

0.8

–10,167

–8.0

29,235

27.2

2,309

2.0

19,845

17.0

@: 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 : Figures in parentheses exclude the impact of conversion of a non-banking entity into banking entity from October 11, 2004.



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