(Rs. crore)

Outstanding

Variation over

as on

Item

1999

Fortnight

1998-99

1999-2000

Year

Mar. 31#

May 21#

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

M₃

9,74,328

10,00,657

1,671

0.2

21,966

2.7

26,329

2.7

1,51,482

17.8

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,70,119

1,85,329

-340

-0.2

13,483

9.2

15,210

8.9

25,842

16.2

(ii)

Demand deposits with banks

1,30,267

1,25,518

133

0.1

-6,066

-5.1

-4,749

-3.6

13,648

12.2

(iii)

Time deposits with banks

6,70,130

6,86,788@

1,921

0.3

15,613

2.8

16,658

2.5

1,11,447

19.4

(iv)

"Other" deposits with Reserve Bank

3,812

3,022

-43

-1.4

-1,063

-30.0

-790

-20.7

545

22.0

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

(i)

Net bank credit to Government (a+b)

3,86,672

4,04,847

-687

-0.2

17,598

5.3

18,175

4.7

56,657

16.3

(a) Reserve Bank

1,52,539

1,55,179

-2,924

-1.8

6,952

5.1

2,640

1.7

13,067

9.2

(b) Other Banks

2,34,133

2,49,668

2,238

0.9

10,646

5.4

15,535

6.6

43,591

21.2

(ii)

Bank credit to commercial sector (a+b)

4,86,942

4,88,564

-2,771

-0.6

-2,538

-0.6

1,622

0.3

58,365

13.6

(a) Reserve Bank

12,226

10,200

-2,296

-18.4

182

2.2

-2,025

-16.6

1,833

21.9

(b) Other Banks

4,74,717

4,78,364

-475

-0.1

-2,720

-0.6

3,647

0.8

56,531

13.4

(iii)

Net foreign exchange assets of banking sector

1,48,633

1,53,652

2,154

1.4

475

0.4

5,019

3.4

26,608

20.9

(iv)

Government's currency liabilities to the public

3,705

3,705

—

—

85

2.5

—

—

267

7.8

(v)

Banking sector's net non-monetary

liabilities other than time deposits

51,624

50,110

-2,976

-5.6

-6,347

-9.6

-1,514

-2.9

-9,586

-16.1

of which : Net non-monetary liabilities of R.B.I.

60,464

61,469

-176

-0.3

5,889

13.6

1,004

1.7

12,297

25.0

@ :

Includes Rs. 17,945 crore on account of proceeds from Resurgent India Bonds (RIBs). Excluding these proceeds, the year-on-year M3 growth rate in col umn 11 would work out to be 15.7 per cent.