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Weekly Statistical Supplement


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Date : Feb 12, 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. 21#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

20,03,102

21,96,876

9,300

0.4

2,08,062

12.1

1,93,773

9.7

2,32,273

13.7

2,70,854

14.1

M3

(21,93,307)

(1,90,204)

(9.5)

(2,67,285)

(13.9)

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,15,493

3,46,930

2,408

0.7

34,599

12.7

31,437

10.0

40,711

15.3

40,749

13.3

(ii)

Demand deposits with banks

2,56,039

2,62,382

–2,249

–0.8

19,436

9.8

6,343

2.5

33,137

17.9

44,189

20.3

(iii)

Time deposits with banks @

14,26,451

15,82,117

8,189

0.5

1,53,806

12.4

1,55,665

10.9

1,57,632

12.7

1,83,932

13.2

(15,78,548)

(1,52,096)

(10.7)

(1,80,363)

(12.9)

(iv)

"Other" deposits with Reserve Bank

5,119

5,447

952

21.2

221

6.8

328

6.4

792

29.7

1,983

57.3

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

(i)

Net Bank credit to Government (a+b)

7,45,499

7,53,387

6,129

0.8

47,786

7.1

7,888

1.1

76,688

11.8

29,078

4.0

(7,41,194)

(–4,305)

(–0.6)

(16,885)

(2.3)

(a) Reserve Bank

44,907

14,187

16,452

–68,270

–56.6

–30,720

–68.4

–55,414

–51.4

–38,222

–72.9

(b) Other Banks

7,00,591

7,39,200

–10,323

–1.4

1,16,056

20.9

38,608

5.5

1,32,102

24.5

67,301

10.0

(ii)

Bank credit to commercial sector (a+b)

10,17,902

12,25,824

3,869

0.3

71,041

7.9

2,07,922

20.4

1,11,346

13.0

2,55,803

26.4

(11,93,142)

(1,75,240)

(17.2)

(2,23,121)

(23.0)

(a) Reserve Bank

2,061

1,890

–984

–32.3

–172

–8.3

–861

–29.4

–175

–8.5

(b) Other Banks

10,15,841

12,23,935

3,869

0.3

72,025

8.0

2,08,094

20.5

1,12,207

13.1

2,55,978

26.4

(iii)

Net foreign exchange assets of banking sector

5,26,586

5,98,123

747

0.1

1,10,072

28.0

71,537

13.6

1,12,358

28.7

94,336

18.7

(iv)

Government's currency liabilities to the public

7,296

7,374

209

3.0

79

1.1

288

4.1

94

1.3

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,94,181

3,87,833

1,445

0.4

21,045

8.1

93,652

31.8

68,407

32.4

1,08,458

38.8

of which : Net non-monetary liabilities of RBI

1,07,585

1,24,423

1,312

1.1

6,963

5.5

16,838

15.7

7,032

5.5

–9,682

–7.2

@ : 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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