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Weekly Statistical Supplement


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Date : Apr 14, 2006
Money Stock : Components and Sources
           

(Rs. crore)

                             
     

Outstanding as on

       

Variation over

       
             

Financialyear

   

Year-on-year

 
     

2005

2006

Fortnight

               
             

2004-2005

2005-2006

2005

2006

Item

 

Mar. 31#

Mar. 31#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

   

2

3

4

5

6

7

8

9

10

11

12

13

     

22,51,449

27,09,905

80,907

3.1

2,45,773

12.3

4,58,456

20.4

2,87,797

14.1

3,77,238

16.2

M3

                           
     

(22,47,936)

     

(2,42,260)

(12.1)

   

(2,84,284)

(13.9)

   

Components (i+ii+iii+iv)

                         

(i)

Currency with the Public

 

3,55,863

4,14,404

–4,466

–1.1

40,892

13.0

58,541

16.5

39,894

12.7

59,533

16.8

(ii)

Demand deposits with banks

 

2,85,154

3,87,877

25,583

7.1

26,528

10.3

1,02,723

36.0

43,585

15.7

66,514

20.7

(iii)

Time deposits with banks @

 

16,03,954

19,00,710

58,635

3.2

1,76,994

12.4

2,96,757

18.5

2,02,370

14.0

2,50,597

15.2

     

(16,00,441)

     

(1,73,481)

(12.2)

   

(1,98,857)

(13.7)

   

(iv)

'Other' deposits with Reserve Bank

 

6,478

6,914

1,155

20.1

1,359

26.5

436

6.7

1,947

44.5

595

9.4

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

                         

(i)

Net Bank credit to Government (a+b)

 

7,56,766

7,77,526

6,696

0.9

13,863

1.9

20,760

2.7

18,969

2.6

28,819

3.8

     

(7,44,573)

     

(1,670)

(0.2)

   

(6,776)

(0.9)

   
 

(a) Reserve Bank

 

–17,975

12,617

–12,219

 

–62,882

 

30,592

 

–50,941

 

40,280

 
 

(b) Other Banks

 

7,74,741

7,64,909

18,915

2.5

76,745

11.0

–9,833

–1.3

69,910

9.9

–11,460

–1.5

(ii)

Bank credit to commercial sector (a+b)

 

12,80,249

16,86,509

54,035

3.3

2,64,098

26.0

4,06,260

31.7

2,86,917

27.5

3,55,251

26.7

     

(12,47,367)

     

(2,31,216)

(22.8)

   

(2,54,035)

(24.3)

   
 

(a) Reserve Bank

 

1,390

1,387

–48

–3.3

–672

–32.6

–3

–0.2

–684

–33.0

–3

–0.2

 

(b) Other Banks

 

12,78,859

16,85,122

54,082

3.3

2,64,770

26.1

4,06,263

31.8

2,87,601

27.6

3,55,254

26.7

(iii)

Net foreign exchange assets of banking sector

6,49,255

7,13,865

27,120

3.9

1,22,669

23.3

64,610

10.0

1,18,428

22.4

65,962

10.2

(iv)

Government's currency liabilities to the public

 

7,448

8,695

152

2.1

1,247

16.7

152

2.1

1,247

16.7

(v)

Banking sector's net non-monetary liabilities

                         
 

other than time deposits

 

4,42,269

4,76,690

6,944

1.5

1,55,008

54.0

34,421

7.8

1,36,669

51.4

74,041

18.4

 

of which : Net non-monetary liabilities of RBI

 

1,19,776

1,28,436

–725

–0.6

12,191

11.3

8,660

7.2

13,044

11.8

5,222

4.2

                             

@:Data reflect redemption of India Millennium Deposits (IMDs) on December 29, 2005.
Notes :1. Figures in parentheses exclude the impact of conversion of a non-banking entity
into banking entity from October 11, 2004.
2. Data on fiscal year variation for 2005-06 are not comparable with those of the previous
years as the data for 2005-06 include 27 fortnights while usually the data for a year include
26 fortnights. Furthermore, the last reporting Friday of 2005-06 coincided with March 31,
the closing day for banks’ accounts.


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