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Weekly Statistical Supplement


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Date : Feb 26, 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#

Feb. 4#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

20,03,102

22,08,074

11,199

0.5

2,31,455

13.5

2,04,972

10.2

2,42,942

14.2

2,58,659

13.3

M3

(22,04,505)

(2,01,403)

(10.1)

(2,55,090)

(13.1)

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,15,493

3,47,594

664

0.2

39,530

14.6

32,101

10.2

40,240

14.9

36,482

11.7

(ii)

Demand deposits with banks

2,56,039

2,70,084

7,702

2.9

29,823

15.0

14,045

5.5

39,817

21.1

41,504

18.2

(iii)

Time deposits with banks @

14,26,451

15,86,041

3,925

0.2

1,61,763

13.0

1,59,590

11.2

1,62,219

13.0

1,79,900

12.8

(15,82,472)

(1,56,021)

(10.9)

(1,76,331)

(12.5)

(iv)

"Other" deposits with Reserve Bank

5,119

4,355

–1,092

–20.0

340

10.5

–764

–14.9

666

22.8

773

21.6

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

(i)

Net Bank credit to Government (a+b)

7,45,499

7,51,585

–1,802

–0.2

56,482

8.3

6,086

0.8

77,916

11.9

18,580

2.5

(7,39,392)

(–6,107)

(–0.8)

(6,387)

(0.9)

(a) Reserve Bank

44,907

12,560

–1,627

–11.5

–82,569

–68.4

–32,347

–72.0

–70,397

–64.9

–25,551

–67.0

(b) Other Banks

7,00,591

7,39,025

–175

1,39,051

25.0

38,434

5.5

1,48,313

27.1

44,131

6.4

(ii)

Bank credit to commercial sector (a+b)

10,17,902

12,35,190

9,365

0.8

84,832

9.4

2,17,287

21.3

1,16,154

13.4

2,51,377

25.6

(12,02,508)

(1,84,605)

(18.1)

(2,18,695)

(22.2)

(a) Reserve Bank

2,061

1,390

–500

–26.5

–990

–32.5

–672

–32.6

–847

–29.2

–669

–32.5

(b) Other Banks

10,15,841

12,33,800

9,865

0.8

85,821

9.6

2,17,959

21.5

1,17,001

13.5

2,52,046

25.7

(iii)

Net foreign exchange assets of banking sector

5,26,586

5,92,091

–6,032

–1.0

1,19,873

30.4

65,505

12.4

1,16,307

29.3

78,503

15.3

(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

3,78,166

–9,667

–2.5

29,942

11.6

83,985

28.5

67,723

30.7

89,895

31.2

of which : Net non-monetary liabilities of RBI

1,07,585

1,17,490

–6,933

–5.6

6,985

5.5

9,905

9.2

6,950

5.5

–16,636

–12.4

@ : 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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