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Weekly Statistical Supplement


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Date : Aug 06, 2005
Money Stock : Components and Sources
           

(Rs. crore)

     

Outstanding as on

2005

Variation over

         

Financial year so far

Year-on-year

     

Fortnight

2004-2005

2005-2006

2004

2005

Item

 

Mar. 31#

Jul. 22#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

   

2

3

4

5

6

7

8

9

10

11

12

13

M3

   

22,53,938

23,76,222

885

77,692

3.9

1,22,284

5.4

2,76,703

15.3

2,92,854

14.1

                             
     

(22,50,369)

(23,72,653)

               

(2,89,285)

(13.9)

Components (i+ii+iii+iv)

                         

(i)

Currency with the Public

 

3,55,768

3,70,570

–5,681

–1.5

10,953

3.5

14,802

4.2

42,056

14.8

44,646

13.7

(ii)

Demand deposits with banks

 

2,84,017

2,97,423

563

0.2

–18,174

–7.0

13,407

4.7

38,865

19.3

56,971

23.7

(iii)

Time deposits with banks @

 

16,07,675

17,02,815

5,945

0.4

85,468

6.0

95,140

5.9

1,95,215

14.8

1,90,388

12.6

     

(16,04,106)

(16,99,246)

               

(1,86,819)

(12.4)

(iv)

'Other' deposits with Reserve Bank

 

6,478

5,414

57

1.1

–555

–10.8

–1,064

–16.4

568

14.2

850

18.6

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

                         

(i)

Net Bank credit to Government (a+b)

 

7,57,906

7,69,647

2,345

0.3

18,217

2.5

11,741

1.5

45,264

6.3

8,526

1.1

     

(7,45,713)

(7,57,454)

               

(–3,667)

(–0.5)

 

(a) Reserve Bank

 

–17,975

–7,509

–2,250

 

–42,545

 

10,466

 

–94,343

 

–9,872

 
 

(b) Other Banks

 

7,75,880

7,77,156

4,596

0.6

60,761

8.7

1,276

0.2

1,39,607

22.5

18,398

2.4

(ii)

Bank credit to commercial sector (a+b)

 

12,80,540

13,63,262

6,968

0.5

42,580

4.2

82,722

6.5

1,58,325

17.6

3,04,531

28.8

     

(12,47,858)

(13,30,580)

               

(2,71,849)

(25.7)

 

(a) Reserve Bank

 

1,389

1,387

–172

–8.3

–3

–0.2

–1,056

–35.8

–503

–26.6

 

(b) Other Banks

 

12,79,150

13,61,875

6,968

0.5

42,752

4.2

82,725

6.5

1,59,380

17.8

3,05,034

28.9

(iii)

Net foreign exchange assets of banking sector

6,49,255

6,26,492

–435

–0.1

53,808

10.2

–22,763

–3.5

1,51,774

35.4

46,097

7.9

(iv)

Government's currency liabilities to the public

 

7,448

7,495

44

0.6

47

0.6

164

2.3

156

2.1

(v)

Banking sector's net non-monetary liabilities

                         
 

other than time deposits

 

4,41,210

3,90,673

7,994

2.1

36,957

12.9

–50,537

–11.5

78,824

32.1

66,456

20.5

 

of which : Net non-monetary liabilities of RBI

 

1,19,776

97,600

–2,579

–2.6

29,383

27.3

–22,176

–18.5

12,429

10.0

–39,367

–28.7

@: 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.
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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