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Weekly Statistical Supplement


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Date : Jan 29, 2005
7. Money Stock : Components and Sources

(Rs. crore)

Outstanding as on

Variation over

Financial year so far

Year-on-year

2004

2005

Fortnight

2003-2004

2004-2005

2004

2005

Item

Mar. 31#

Jan. 7#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

20,03,102

21,87,576

36,039

1.7

2,11,706

12.3

1,84,473

9.2

2,38,982

14.1

2,57,910

13.4

M3

(21,84,007)

(1,80,904)

(9.0)

(2,54,341)

(13.2)

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,15,493

3,44,522

2,717

0.8

34,332

12.6

29,030

9.2

39,493

14.8

38,609

12.6

(ii)

Demand deposits with banks

2,56,039

2,64,631

3,279

1.3

23,040

11.6

8,592

3.4

37,916

20.6

42,834

19.3

(iii)

Time deposits with banks @

14,26,451

15,73,928

30,215

2.0

1,54,261

12.4

1,47,476

10.3

1,60,993

13.0

1,75,288

12.5

(15,70,359)

(1,43,907)

(10.1)

(1,71,719)

(12.3)

(iv)

"Other" deposits with Reserve Bank

5,119

4,495

–173

–3.7

74

2.3

–624

–12.2

580

21.2

1,179

35.5

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

(i)

Net Bank credit to Government (a+b)

7,45,499

7,47,258

13,579

1.9

54,398

8.0

1,760

0.2

81,307

12.5

16,337

2.2

(7,35,065)

(–10,433)

(–1.4)

(4,144)

(0.6)

(a) Reserve Bank

44,907

–2,265

–7,035

–72,518

–47,172

–72,049

–50,426

(b) Other Banks

7,00,591

7,49,523

20,614

2.8

1,26,917

22.8

48,932

7.0

1,53,356

29.0

66,763

9.8

(ii)

Bank credit to commercial sector (a+b)

10,17,902

12,21,955

10,549

0.9

76,693

8.5

2,04,053

20.0

1,12,957

13.1

2,46,281

25.2

(11,89,273)

(1,71,371)

(16.8)

(2,13,599)

(21.9)

(a) Reserve Bank

2,061

1,890

–892

–29.3

–172

–8.3

–845

–28.2

–267

–12.4

(b) Other Banks

10,15,841

12,20,065

10,549

0.9

77,585

8.7

2,04,225

20.1

1,13,802

13.2

2,46,548

25.3

(iii)

Net foreign exchange assets of banking sector

5,26,586

5,97,376

–8,543

–1.4

1,09,592

27.8

70,790

13.4

1,20,160

31.4

94,069

18.7

(iv)

Government's currency liabilities to the public

7,296

7,374

201

2.8

79

1.1

324

4.7

102

1.4

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,94,181

3,86,388

–20,453

–5.0

29,179

11.3

92,208

31.3

75,766

35.8

98,880

34.4

of which : Net non-monetary liabilities of RBI

1,07,585

1,23,111

–9,803

–7.4

11,185

8.8

15,526

14.4

13,283

10.6

–15,215

–11.0

@: 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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