(Rs. crore)

Outstanding

Variation over

as on

Item

Financial year so far

1999

Fortnight

1998-99

1999-2000

Year

Mar. 31#

Jun. 4#

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

M3

9,74,328

10,04,792

4,135

0.4

27,170

3.3

30,464

3.1

1,50,414

17.6

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,70,119

1,85,763

435

0.2

15,021

10.3

15,644

9.2

24,739

15.4

(ii)

Demand deposits with banks

1,30,267

1,24,458

-1,060

-0.8

-6,718

-5.7

-5,808

-4.5

13,240

11.9

(iii)

Time deposits with banks

6,70,130

6,91,736@

4,948

0.7

19,886

3.6

21,606

3.2

1,12,122

19.3

(iv)

"Other" deposits with Reserve Bank

3,812

2,835

-188

-6.2

-1,018

-28.8

-978

-25.6

313

12.4

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

(i)

Net bank credit to Government (a+b)

3,86,672

4,07,466

2,619

0.6

26,310

8.0

20,794

5.4

50,564

14.2

(a) Reserve Bank

1,52,539

1,54,952

-227

-0.1

7,696

5.7

2,413

1.6

12,096

8.5

(b) Other Banks

2,34,133

2,52,514

2,846

1.1

18,614

9.5

18,381

7.9

38,468

18.0

(ii)

Bank credit to commercial sector (a+b)

4,86,942

4,87,350

-1,215

-0.2

-2,998

-0.7

407

0.1

57,610

13.4

(a) Reserve Bank

12,226

10,818

617

6.0

212

2.6

-1,408

-11.5

2,420

28.8

(b) Other Banks

4,74,717

4,76,532

-1,832

-0.4

-3,210

-0.8

1,816

0.4

55,190

13.1

(iii)

Net foreign exchange assets of banking sector

1,48,633

1,54,194

542

0.4

2,217

1.8

5,561

3.7

25,407

19.7

(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

47,922

-2,188

-4.4

-1,556

-2.4

-3,703

-7.2

-16,565

  -25.7

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

60,464

61,967

498

0.8

8,973

20.7

1,502

2.5

9,711

18.6

@ : 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 column 11 would work out to be 15.5 per cent.