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Weekly Statistical Supplement


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Date : Nov 27, 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#

Nov. 12#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

20,03,102

21,32,680

–2,851

–0.1

1,54,115

9.0

1,29,577

6.5

1,98,212

11.8

2,60,605

13.9

M3

(21,29,111)

(1,26,008)

(6.3)

(2,57,036)

(13.7)

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,15,493

3,47,810

17,094

5.2

27,743

10.2

32,317

10.2

34,710

13.1

48,486

16.2

(ii)

Demand deposits with banks

2,56,039

2,56,548

–20,263

–7.3

11,942

6.0

509

0.2

29,958

16.6

45,849

21.8

(iii)

Time deposits with banks @

14,26,451

15,21,667

32

1,14,393

9.2

95,216

6.7

1,33,868

10.9

1,62,896

12.0

(15,18,098)

(91,647)

(6.4)

(1,59,327)

(11.8)

(iv)

"Other" deposits with Reserve Bank

5,119

6,654

287

4.5

37

1.1

1,535

30.0

–323

–9.0

3,374

102.9

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

(i)

Net Bank credit to Government (a+b)

7,45,499

7,48,258

–7,297

–1.0

48,257

7.1

2,759

0.4

76,236

11.8

23,478

3.2

(7,36,065)

(–9,434)

(–1.3)

(11,285)

(1.6)

(a) Reserve Bank

44,907

30,737

8,183

36.3

–56,326

–46.7

–14,170

–31.6

–66,586

–50.9

–33,616

–52.2

(b) Other Banks

7,00,591

7,17,521

–15,480

–2.1

1,04,584

18.8

16,929

2.4

1,42,822

27.6

57,094

8.6

(ii)

Bank credit to commercial sector (a+b)

10,17,902

11,78,205

7,613

0.7

39,223

4.4

1,60,303

15.7

92,747

11.0

2,40,002

25.6

(11,45,523)

(1,27,621)

(12.5)

(2,07,320)

(22.1)

(a) Reserve Bank

2,061

2,409

520

27.5

–973

–31.9

348

16.9

–889

–30.0

334

16.1

(b) Other Banks

10,15,841

11,75,796

7,093

0.6

40,196

4.5

1,59,955

15.7

93,636

11.1

2,39,668

25.6

(iii)

Net foreign exchange assets of banking sector

5,26,586

5,94,593

7,457

1.3

63,890

16.2

68,007

12.9

92,950

25.5

1,36,988

29.9

(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

3,95,716

10,623

2.8

–2,564

–1.0

1,01,535

34.5

64,121

33.5

1,39,950

54.7

of which : Net non-monetary liabilities of RBI

1,07,585

1,38,988

2,169

1.6

–8,661

–6.8

31,404

29.2

3,393

2.9

20,508

17.3

@: 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.
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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