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Weekly Statistical Supplement


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Date : Jul 23, 2005
Money Stock : Components and Sources

 

           

(Rs.

 
     

Outstanding as on

       

Variation over

       
             

Financial year so far

   

Year-on-year

 
     

2005

Fortnight

               
             

2004-2005

2005-2006

2004

 

2005

Item

 

Mar. 31#

Jul. 8#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

 

1

   

2

3

4

5

6

7

8

9

10

11

12

13

     

22,53,938

23,75,338

15,549

0.7

77,514

3.9

1,21,399

5.4

2,77,034

15.3

2,92,148

14.0

M3

                           
     

(22,50,369)

(23,71,769)

               

(2,88,579)

(13.9)

Components (i+ii+iii+iv)

                         

(i)

Currency with the Public

 

3,55,768

3,76,252

812

0.2

16,289

5.2

20,483

5.8

40,706

14.0

44,991

13.6

(ii)

Demand deposits with banks

 

2,84,017

2,96,860

1,443

0.5

–19,223

–7.4

12,843

4.5

37,812

18.8

57,456

24.0

(iii)

Time deposits with banks @

 

16,07,675

16,96,870

12,858

0.8

80,924

5.7

89,194

5.5

1,97,594

15.1

1,88,986

12.5

     

(16,04,106)

(16,93,301)

               

(1,85,417)

(12.3)

(iv)

'Other' deposits with Reserve Bank

 

6,478

5,357

436

8.9

–477

–9.3

–1,121

–17.3

922

24.8

714

15.4

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

                         

(i)

Net Bank credit to Government (a+b)

 

7,57,906

7,67,301

2,416

0.3

16,274

2.2

9,396

1.2

39,150

5.4

8,124

1.1

     

(7,45,713)

(7,55,108)

               

(–4,069)

(–0.5)

 

(a) Reserve Bank

 

–17,975

–5,259

3,440

 

–43,638

 

12,716

 

–97,151

 

–6,529

 
 

(b) Other Banks

 

7,75,880

7,72,560

–1,024

–0.1

59,912

8.6

–3,320

–0.4

1,36,301

21.9

14,652

1.9

(ii)

Bank credit to commercial sector (a+b)

 

12,80,540

13,56,294

11,533

0.9

41,206

4.1

75,755

5.9

1,58,708

17.7

2,98,938

28.3

     

(12,47,858)

(13,23,612)

               

(2,66,256)

(25.2)

 

(a) Reserve Bank

 

1,389

1,387

–3

–0.2

–172

–8.3

–3

–0.2

–1,074

–36.2

–503

–26.6

 

(b) Other Banks

 

12,79,150

13,54,907

11,536

0.9

41,378

4.1

75,757

5.9

1,59,782

17.8

2,99,440

28.4

(iii)

Net foreign exchange assets of banking sector

6,49,255

6,26,926

–7,734

–1.2

53,999

10.3

–22,329

–3.4

1,59,704

37.9

46,341

8.0

(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

3,82,680

–9,334

–2.4

34,002

11.8

–58,530

–13.3

80,705

33.5

61,418

19.1

 

of which : Net non-monetary liabilities of RBI

 

1,19,776

1,00,179

–8,177

–7.5

29,072

27.0

–19,597

–16.4

14,277

11.7

–36,478

–26.7

                             

@:Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000.
Data also reflect redemption ofResurgent Bonds (RIBs) of Rs.22,693 crore, since October 1, 2003.
Notes :
1. Figures in parentheses exclude the impact of conversion of a non-banking entity into banking entity from October 11, 2004.
2. Government Balances as on March 31, 2005 are after closure of accounts.

 


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