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Weekly Statistical Supplement


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Date : Apr 02, 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. 18#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

20,03,102

22,65,328

27,305

1.2

2,84,898

16.6

2,62,226

13.1

2,81,843

16.4

2,62,470

13.1

M3

(22,61,759)

(2,58,657)

(12.9)

(2,58,901)

(12.9)

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,15,493

3,57,458

5,793

1.6

45,154

16.6

41,966

13.3

41,205

15.0

40,724

12.9

(ii)

Demand deposits with banks

2,56,039

2,95,174

13,219

4.7

57,184

28.8

39,135

15.3

58,334

29.5

39,233

15.3

(iii)

Time deposits with banks @

14,26,451

16,07,378

7,349

0.5

1,81,594

14.6

1,80,926

12.7

1,81,404

14.6

1,81,405

12.7

(16,03,809)

(1,77,357)

(12.4)

(1,77,836)

(12.5)

(iv)

"Other" deposits with Reserve Bank

5,119

5,318

944

21.6

967

29.8

199

3.9

899

27.2

1,109

26.3

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

(i)

Net Bank credit to Government (a+b)

7,45,499

7,40,871

–9,634

–1.3

51,552

7.6

–4,628

–0.6

62,588

9.4

12,797

1.8

(7,28,678)

(–16,821)

(–2.3)

(604)

(0.1)

(a) Reserve Bank

44,907

–30,024

–13,947

–93,196

–74,931

–81,973

–57,507

(b) Other Banks

7,00,591

7,70,895

4,313

0.6

1,44,748

26.0

70,303

10.0

1,44,561

26.0

70,303

10.0

(ii)

Bank credit to commercial sector (a+b)

10,17,902

12,76,878

22,654

1.8

1,19,004

13.2

2,58,975

25.4

1,19,297

13.3

2,58,893

25.4

(12,44,196)

(2,26,293)

(22.2)

(2,26,211)

(22.2)

(a) Reserve Bank

2,061

1,390

–1,005

–33.0

–672

–32.6

–929

–31.3

–653

–32.0

(b) Other Banks

10,15,841

12,75,488

22,654

1.8

1,20,009

13.4

2,59,647

25.6

1,20,227

13.4

2,59,546

25.5

(iii)

Net foreign exchange assets of banking sector

5,26,586

6,52,313

19,526

3.1

1,45,861

37.0

1,25,727

23.9

1,52,025

39.2

1,12,738

20.9

(iv)

Government's currency liabilities to the public

7,296

7,374

225

3.2

79

1.1

225

3.2

79

1.1

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,94,181

4,12,109

5,240

1.3

31,743

12.3

1,17,928

40.1

52,292

22.0

1,22,036

42.1

of which : Net non-monetary liabilities of RBI

1,07,585

1,30,506

2,077

1.6

1,181

0.9

22,921

21.3

3,950

3.2

2,183

1.7

@: 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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