Annual Report


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Document - I.18: New Monetary Aggregates () or PDF - I.18: New Monetary Aggregates ()
Date : Aug 29, 2005
I.18: New Monetary Aggregates

 

                     

(Amount in Rupees crore)

                   

Variations

       
           

Outstanding

               
           

as on

               
               

Financial year

   

April-June

 
           

March 31,

               
       

Item

 

2005

2004-05

2003-04

2005-06

 

2004-05

                             
             

Absolute

Percent

Absolute

Percent

Absolute

Percent

Absolute

Percent

       

1

 

2

3

4

5

6

7

8

9

10

Monetary Aggregates

                     

(C.I+C.II.1+C.III)

     

6,51,440

73,612

12.7

1,04,359

22.0

29,311

4.5

6,572

1.1

M1

                           
           

13,37,555

1,48,768

12.5

1,95,372

19.7

63,575

4.8

32,466

2.7

NM2

(M

1+C.II.2.1)

                       
           

22,45,663

2,85,478

14.6

3,18,644

19.4

1,06,095

4.7

69,523

3.5

NM3

(NM2+C.II.2.2+C.IV = S.I+S.II+S.III-S.IV-S.V)

                   
           

(22,06,919)

(2,46,733)

(12.6)

           

Components

                         

C.I

Currency with the Public

   

3,55,755

40,994

13.0

43,250

15.9

19,668

5.5

14,701

4.7

C.II

Aggregate Deposits of Residents (C.II.1+C.II.2)

 

18,13,907

1,98,271

12.3

2,61,485

19.3

87,343

4.8

50,876

3.1

 

C.II.1

Demand Deposits

   

2,89,206

31,259

12.1

59,232

29.8

11,201

3.9

-6,665

-2.6

 

C.II.2

Time Deposits of Residents

 

15,24,700

1,67,012

12.3

2,02,253

17.5

76,142

5.0

57,542

4.2

   

(C.II.2.1+C.II.2.2)

   

(15,21,131)

(1,63,443)

(12.0)

           
   

C.II.2.1

Short-term Time Deposits

 

6,86,115

75,155

12.3

91,014

17.5

34,264

5.0

25,894

4.2

     

C.II.2.1.1

Certificates of Deposits (CDs)

13,112

6,201

 

6,177

 

5,756

 

-937

 
   

C.II.2.2

Long-term Time Deposits

 

8,38,585

91,857

12.3

1,11,239

17.5

41,878

5.0

31,648

4.2

C.III

‘Other’

Deposits with the RBI

   

6,478

1,359

26.5

1,877

57.9

-1,558

-24.0

-1,463

-28.6

C.IV

Call/Term Funding from Financial Institutions

 

69,523

44,853

181.8

12,032

95.2

643

0.9

5,409

21.9

           

(34,348)

(9,678)

(39.2)

           

Sources

                         

S.I

Domestic Credit (S.I.1+S.I.2)

   

21,85,234

2,66,634

13.9

1,86,553

10.8

74,481

3.4

29,863

1.6

 

S.I.1

Net Bank Credit to the Government

 

7,49,795

4,947

0.7

67,895

10.0

6,999

0.9

7004

0.9

   

(S.I.1.1+S.I.1.2)

   

(7,37,602)

(-7,246)

(-1.0)

           
   

S.I.1.1

Net RBI credit to the Government

 

-17,975

-62,882

 

-75,772

 

9,275

 

-34,143

 
   

S.I.1.2

Credit to the Government by the Banking System

7,67,769

67,829

9.7

1,43,667

25.8

-2,277

-0.3

41,147

5.9

 

S.I.2

Bank Credit to the Commercial Sector

 

14,35,439

2,61,688

22.3

1,18,658

11.2

67,482

4.7

22,859

1.9

   

(S.I.2.1+S.I.2.2)

   

(14,02,757)

(2,29,006)

(19.5)

           
   

S.I.2.1

RBI Credit to the Commercial Sector

 

5,317

-938

-15.0

-2,585

-29.2

1,248

23.5

-2,999

-47.9

   

S.I.2.2

Credit to the Commercial Sector by the Banking System

14,30,122

2,62,626

22.5

1,21,243

11.6

66,234

4.6

25,858

2.2

     

S.I.2.2.1

Other Investments ( Non-SLR Securities)

1,55,339

5,384

3.6

8,279

5.8

-5,000

-3.2

-4,654

-3.1

S.II

Government’s Currency Liabilities to the Public

 

7,448

152

2.1

225

3.2

47

0.6

37

0.5

S.III

Net Foreign Exchange Assets of the Banking Sector

(S.III.1+S.III.2)

5,36,810

1,10,751

26.0

1,36,535

47.2

-16,655

-3.1

50,819

11.9

 

S.III.1

Net Foreign Exchange Assets of the RBI

 

6,12,790

1,28,377

26.5

1,26,169

35.2

-14,595

-2.4

57,525

11.9

 

S.III.2

Net Foreign Currency Assets of the Banking System

-75,980

-17,626

 

10,366

 

-2,060

 

-6,706

 

S.IV

Capital Account

   

2,76,376

43,534

18.7

10,010

4.5

2,803

1.0

39,149

16.8

S.V

Other items (net)

   

2,07,452

48,527

30.5

-5,341

-3.3

-51,025

-24.6

-27,953

-17.6

Note1.Data provisional.
2.Revised in line with the new accounting standards and consistent with the methodology suggested by the Working Group on Money
Supply : Analytics and Methodology of Compilation (June 1998).
3.Time deposits and broad money include India Millenniun Deposits (IMDs) worth Rs.25,662 crore since November 17, 2000 and the
impact of redemption of Resurgent India Bonds (RIBs) of Rs. 22,693 crore since October 1, 2003.
4.Figures in parentheses exclude the impact of conversion of a non-banking entity into banking entity from October 11, 2004.

 


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