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Weekly Statistical Supplement


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Date : Apr 16, 2005
7. Money Stock : Components and Sources

(Rs. crore)

Outstanding as on

Variation over

Financial year so far

Year-on-year

2005

Fortnight

2004-2005

2005-2006

2004

2005

Item

Mar. 31#

Apr. 1#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

22,69,156

23,15,061

47,007

2.1

44,787

2.2

45,905

2.0

2,88,866

16.4

2,61,745

12.7

M3

(22,65,587)

(23,11,492)

(2,58,176)

(12.6)

Components (i+ii+iii+iv)

(i)

Currency with the Public

3,57,424

3,56,111

–1,309

–0.4

–1,232

–0.4

–1,313

–0.4

39,523

14.4

41,936

13.3

(ii)

Demand deposits with banks

2,97,088

3,15,502

18,414

6.2

21,203

8.2

18,414

6.2

63,796

29.6

36,286

13.0

(iii)

Time deposits with banks @

16,08,161

16,37,123

28,963

1.8

25,564

1.8

28,963

1.8

1,85,000

14.6

1,81,571

12.5

(16,04,592)

(16,33,554)

(1,78,002)

(12.2)

(iv)

"Other" deposits with Reserve Bank

6,483

6,324

939

17.4

–747

–14.6

–159

–2.5

547

14.3

1,952

44.7

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

(i)

Net Bank credit to Government (a+b)

7,62,496

7,54,978

10,308

1.4

–10,808

–1.5

–7,518

–1.0

50,596

7.4

22,120

3.0

(7,50,303)

(7,42,785)

(9,927)

(1.4)

(a) Reserve Bank

–12,197

–27,662

2,361

–21,628

–15,465

–82,697

–50,941

(b) Other Banks

7,74,694

7,82,640

7,947

1.0

10,821

1.5

7,947

1.0

1,33,293

23.1

73,061

10.3

(ii)

Bank credit to commercial sector (a+b)

12,75,027

13,25,355

50,329

3.9

32,862

3.2

50,329

3.9

1,39,942

15.3

2,72,019

25.8

(12,42,345)

(12,92,673)

(2,39,337)

(22.7)

(a) Reserve Bank

1,389

1,389

12

0.6

–938

–31.1

–684

–33.0

(b) Other Banks

12,73,637

13,23,966

50,329

4.0

32,850

3.2

50,329

4.0

1,40,880

15.5

2,72,703

25.9

(iii)

Net foreign exchange assets of banking sector

6,51,998

6,50,646

–3,096

–0.5

2,889

0.5

–1,352

–0.2

1,38,318

35.4

1,21,171

22.9

(iv)

Government's currency liabilities to the public

7,436

7,436

225

3.2

141

1.9

(v)

Banking sector's net non-monetary liabilities

other than time deposits

4,27,801

4,23,355

10,534

2.6

–19,844

–6.9

–4,446

–1.0

40,214

17.5

1,53,706

57.0

of which : Net non-monetary liabilities of RBI

1,25,548

1,23,209

–7,230

–5.5

2,585

2.4

–2,339

–1.9

–11,698

–9.6

13,039

11.8

@: 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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