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Weekly Statistical Supplement


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Date : Mar 19, 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#

Mar. 4#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

20,03,102

22,38,023

18,284

0.8

2,65,608

15.5

2,34,920

11.7

2,67,018

15.6

2,54,454

12.8

M3

(22,34,454)

(2,31,351)

(11.5)

(2,50,885)

(12.6)

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,15,493

3,51,665

1,803

0.5

44,570

16.4

36,173

11.5

41,235

15.0

35,514

11.2

(ii)

Demand deposits with banks

2,56,039

2,81,955

12,153

4.5

36,305

18.3

25,916

10.1

44,826

23.6

46,893

19.9

(iii)

Time deposits with banks @

14,26,451

16,00,028

4,272

0.3

1,84,676

14.8

1,73,577

12.2

1,80,144

14.4

1,70,973

12.0

(15,96,459)

(1,70,008)

(11.9)

(1,67,404)

(11.7)

(iv)

"Other" deposits with Reserve Bank

5,119

4,374

57

1.3

57

1.8

–745

–14.6

813

32.7

1,074

32.5

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

(i)

Net Bank credit to Government (a+b)

7,45,499

7,50,505

2,423

0.3

66,795

9.9

5,006

0.7

75,280

11.3

7,188

1.0

(7,38,312)

(–7,187)

(–1.0)

(–5,005)

(–0.7)

(a) Reserve Bank

44,907

–16,077

–14,039

–84,250

–60,984

–83,319

–52,507

(b) Other Banks

7,00,591

7,66,582

16,463

2.2

1,51,044

27.2

65,991

9.4

1,58,600

28.9

59,694

8.4

(ii)

Bank credit to commercial sector (a+b)

10,17,902

12,54,224

13,343

1.1

95,456

10.6

2,36,322

23.2

1,18,791

13.6

2,59,788

26.1

(12,21,542)

(2,03,640)

(20.0)

(2,27,106)

(22.8)

(a) Reserve Bank

2,061

1,390

–985

–32.3

–672

–32.6

–1,161

–36.0

–673

–32.6

(b) Other Banks

10,15,841

12,52,835

13,343

1.1

96,441

10.8

2,36,994

23.3

1,19,952

13.7

2,60,461

26.2

(iii)

Net foreign exchange assets of banking sector

5,26,586

6,32,787

18,408

3.0

1,31,609

33.4

1,06,201

20.2

1,32,849

33.8

1,07,463

20.5

(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

4,06,868

15,890

4.1

28,471

11.0

1,12,688

38.3

60,157

26.5

1,20,067

41.9

of which : Net non-monetary liabilities of RBI

1,07,585

1,28,429

1,659

1.3

3,677

2.9

20,844

19.4

1,763

1.4

–2,390

–1.8

@: 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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