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Weekly Statistical Supplement


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Date : Dec 25, 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#

Dec. 10#

Amount %

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

20,03,102

21,52,037

12,916

0.6

1,76,621

10.3

1,48,935

7.4

2,16,823

12.9

2,57,457

13.6

M3

(21,48,468)

(1,45,366)

(7.3)

(2,53,888)

(13.4)

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,15,493

3,45,214

2,114

0.6

32,167

11.8

29,721

9.4

38,600

14.6

41,465

13.7

(ii)

Demand deposits with banks

2,56,039

2,61,953

3,197

1.2

18,155

9.1

5,914

2.3

32,732

17.8

45,041

20.8

(iii)

Time deposits with banks @

14,26,451

15,40,773

7,750

0.5

1,26,173

10.1

1,14,322

8.0

1,45,067

11.8

1,70,222

12.4

(15,37,204)

(1,10,753)

(7.8)

(1,66,653)

(12.2)

(iv)

"Other" deposits with Reserve Bank

5,119

4,097

–144

–3.4

126

3.9

–1,022

–20.0

424

14.4

729

21.6

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

(i)

Net Bank credit to Government (a+b)

7,45,499

7,39,636

–6,406

–0.9

51,417

7.6

–5,862

–0.8

71,029

10.8

11,696

1.6

(7,27,443)

(–18,055)

(–2.4)

(–497)

(–0.1)

(a) Reserve Bank

44,907

5,101

–13,103

–72.0

–61,246

–50.8

–39,807

–88.6

–63,589

–51.7

–54,333

–91.4

(b) Other Banks

7,00,591

7,34,536

6,698

0.9

1,12,663

20.3

33,944

4.8

1,34,618

25.2

66,029

9.9

(ii)

Bank credit to commercial sector (a+b)

10,17,902

11,95,608

4,420

0.4

46,758

5.2

1,77,705

17.5

99,706

11.8

2,49,869

26.4

(11,62,926)

(1,45,023)

(14.2)

(2,17,187)

(23.0)

(a) Reserve Bank

2,061

1,889

–958

–31.4

–172

–8.3

–870

–29.4

–201

–9.6

(b) Other Banks

10,15,841

11,93,718

4,420

0.4

47,716

5.3

1,77,877

17.5

1,00,576

11.9

2,50,069

26.5

(iii)

Net foreign exchange assets of banking sector

5,26,586

6,14,523

6,791

1.1

89,861

22.8

87,937

16.7

1,07,639

28.6

1,30,948

27.1

(iv)

Government's currency liabilities to the public

7,296

7,339

191

2.7

44

0.6

356

5.1

77

1.1

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,94,181

4,05,069

–8,111

–2.0

11,606

4.5

1,10,888

37.7

61,906

29.8

1,35,133

50.1

of which : Net non-monetary liabilities of RBI

1,07,585

1,37,115

–5,858

–4.1

22

29,530

27.4

7,748

6.5

9,952

7.8

@: 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.
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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