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Weekly Statistical Supplement


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Date : Mar 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#

Feb. 18#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

20,03,102

22,19,739

11,664

0.5

2,46,676

14.4

2,16,636

10.8

2,57,330

15.1

2,55,103

13.0

M3

(22,16,170)

(2,13,067)

(10.6)

(2,51,534)

(12.8)

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,15,493

3,49,862

2,268

0.7

41,453

15.3

34,370

10.9

41,654

15.3

36,828

11.8

(ii)

Demand deposits with banks

2,56,039

2,69,803

–282

–0.1

31,973

16.1

13,763

5.4

40,468

21.3

39,072

16.9

(iii)

Time deposits with banks @

14,26,451

15,95,756

9,715

0.6

1,73,023

13.9

1,69,305

11.9

1,74,985

14.1

1,78,355

12.6

(15,92,187)

(1,65,736)

(11.6)

(1,74,786)

(12.3)

(iv)

"Other" deposits with Reserve Bank

5,119

4,317

–38

–0.9

227

7.0

–802

–15.7

223

6.9

848

24.4

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

(i)

Net Bank credit to Government (a+b)

7,45,499

7,48,082

–3,503

–0.5

57,342

8.5

2,583

0.3

82,474

12.7

14,217

1.9

(7,35,889)

(–9,610)

(–1.3)

(2,024)

(0.3)

(a) Reserve Bank

44,907

–2,037

–14,597–116.2

–83,211

–69.0

–46,945

–104.5

–64,139

–63.1

–39,506

–105.4

(b) Other Banks

7,00,591

7,50,119

11,094

1.5

1,40,552

25.3

49,528

7.1

1,46,613

26.7

53,723

7.7

(ii)

Bank credit to commercial sector (a+b)

10,17,902

12,40,881

5,692

0.5

85,311

9.5

2,22,979

21.9

1,15,140

13.2

2,56,590

26.1

(12,08,199)

(1,90,297)

(18.7)

(2,23,908)

(22.7)

(a) Reserve Bank

2,061

1,390

–987

–32.4

–672

–32.6

–855

–29.3

–672

–32.6

(b) Other Banks

10,15,841

12,39,492

5,692

0.5

86,298

9.6

2,23,651

22.0

1,15,994

13.4

2,57,261

26.2

(iii)

Net foreign exchange assets of banking sector

5,26,586

6,14,379

22,288

3.8

1,24,611

31.7

87,792

16.7

1,17,608

29.3

96,053

18.5

(iv)

Government's currency liabilities to the public

7,296

7,374

220

3.1

79

1.1

255

3.6

83

1.1

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,94,181

3,90,978

12,812

3.4

20,808

8.1

96,797

32.9

58,147

26.3

1,11,840

40.1

of which : Net non-monetary liabilities of RBI

1,07,585

1,26,769

9,279

7.9

5,567

4.4

19,185

17.8

6,839

5.4

–5,938

–4.5

@: 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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