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Weekly Statistical Supplement


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Date : Jul 09, 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#

Jun. 24#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

 

2

3

4

5

6

7

8

9

10

11

12

13

   

22,53,938

23,59,789

-2,259

-0.1

69,831

3.5

1,05,850

4.7

2,73,183

15.2

2,84,282

13.7

M3

                         
   

(22,50,369)

(23,56,220)

               

(2,80,713)

(13.5)

Components (i+ii+iii+iv)

                       

(i)

Currency with the Public

3,55,768

3,75,439

-5,252

-1.4

14,540

4.6

19,671

5.5

42,036

14.6

45,928

13.9

(ii)

Demand deposits with banks

2,84,017

2,95,417

3,795

1.3

- 14,038

-5.4

11,401

4.0

34,830

16.6

50,829

20.8

(iii)

Time deposits with banks @

16,07,675

16,84,012

-1,366

-0.1

70,792

5.0

76,337

4.7

1,95,969

15.1

1,86,260

12.4

   

(16,04,106)

(16,80,443)

               

(1,82,691)

(12.2)

(iv)

'Other' deposits with Reserve Bank

6,478

4,920

565

13.0

-1,463

-28.6

- 1,558

-24.0

348

10.5

1,264

34.6

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

                       

(i)

Net Bank credit to Government (a+b)

7,57,906

7,64,886

-3,767

-0.5

12,986

1.7

6,980

0.9

43,963

6.2

8,996

1.2

   

(7,45,713)

(7,52,693)

               

(-3,197)

(-0.4)

 

(a) Reserve Bank

- 17,975

-8,699

-7,929

 

-34,143

 

9,275

 

-1,05,465

 

-19,463

 
 

(b) Other Banks

7,75,880

7,73,585

4,162

0.5

47,129

6.8

-2,295

- 0.3

1,49,428

25.1

28,460

3.8

(ii)

Bank credit to commercial sector (a+b)

12,80,540

13,44,761

11,086

0.8

38,057

3.7

64,221

5.0

1,48,582

16.4

2,90,554

27.6

   

(12,47,858)

(13,12,079)

               

(2,57,872)

(24.5)

 

(a) Reserve Bank

1,389

1,389

-

-

-172

-8.3

-

-

1,086

36.5

- 500

-26.5

 

(b) Other Banks

12,79,150

13,43,372

11,086

0.8

38,229

3.8

64,221

5.0

1,49,668

16.6

2,91,054

27.7

(iii)

Net foreign exchange assets of banking sector

6,49,255

6,34,660

1,631

0.3

49,206

9.3

-14,595

-2.2

1,58,201

37.9

58,868

10.2

(iv)

Government's currency liabilities to the public

7,448

7,495

-

-

37

0.5

47

0.6

178

2.5

163

2.2

(v)

Banking sector's net non-monetary liabilities

                       
 

other than time deposits

4,41,210

3,92,014

11,209

2.9

30,454

10.6

-49,196

-11.2

77,742

32.4

74,299

23.4

 

of which : Net non-monetary liabilities of RBI

1,19,776

1,08,356

2,468

2.3

27,245

25.3

-11,420

-9.5

7,251

5.7

-26,474

- 19.6

                           

@: Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000.
Data also reflect redemption of Resurgent 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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