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11. Sources of Money Stock (M3)
Date : Mar 12, 2012

(` Billion)

Sources

Outstandings as on March 31/reporting Fridays of the month/last reporting Friday of the month

2008-09

2009-10

2010-11

January 14, 2011

January 28, 2011

1

2

3

4

5

1.

Net Bank Credit to Government (A+B)

12,773.3

16,691.9

19,827.7

18,258.8

18,378.4

 

A. RBI’s net credit to Government (i-ii)

615.8

2,115.9

3,965.5

2,792.8

2,693.0

 

(i) Claims on Government (a+b)

1,591.7

2,227.2

3,970.5

3,437.2

3,378.1

 

(a) Central Government

1,574.9

2,226.7

3,941.4

3,432.6

3,370.6

 

(b) State Governments

16.8

0.5

29.2

4.6

7.5

 

(ii) Government deposits with RBI (a+b)

975.9

111.3

5.0

644.3

685.1

 

(a) Central Government

957.3

110.9

1.0

643.9

684.7

 

(b) State Governments

18.6

0.4

4.0

0.4

0.4

 

B. Other Banks’ Credit to Government

12,157.5

14,576.0

15,862.2

15,465.9

15,685.4

2.

Bank Credit to Commercial Sector (A+B)

30,148.9

34,914.1

42,354.1

40,043.5

40,210.2

 

A. RBI’s credit to commercial sector

138.2

13.3

21.6

13.8

13.3

 

B. Other banks’ credit to commercial  sector (i+ii+iii)

30,010.7

34,900.8

42,332.4

40,029.7

40,197.0

 

(i) Bank credit by commercial banks

27,755.5

32,447.9

39,420.8

37,207.6

37,376.8

 

(ii) Bank credit by co-operative banks

2,108.9

2,346.3

2,837.2

2,742.2

2,742.7

 

(iii) Investments by commercial and co-operative banks in other securities

146.3

106.6

74.4

79.9

77.5

3.

Net Foreign Exchange Assets of  Banking Sector (A+B)

13,521.8

12,814.6

13,933.4

13,624.5

13,807.2

 

A. RBI’s net foreign exchange assets (i-ii)

12,801.1

12,319.4

13,285.7

13,152.4

13,335.1

 

(i) Gross foreign assets

12,801.3

12,319.7

13,285.7

13,152.5

13,335.2

 

(ii) Foreign liabilities

0.3

0.2

0.0

0.1

0.2

 

B. Other banks’ net foreign exchange assets

720.7

495.2

647.7

472.1

472.1

4.

Government’s Currency Liabilities to the Public

100.5

112.7

127.2

123.7

124.8

5.

Banking Sector’s net Non-monetary Liabilities Other than Time Deposits (A+B)

8,596.8

8,506.3

11,247.6

9,961.1

9,960.8

 

A. Net non-monetary liabilities of RBI

3,879.6

3,016.4

3683.5

3,549.3

3,737.4

 

B. Net non-monetary liabilities of other  banks (residual)

4,717.2

5,489.9

7564.1

6,411.8

6,223.4

M3 (1+2+3+4-5)

47,947.8

56,027.0

64,994.9

62,089.4

62,559.8


No. 11: Sources of Money Stock (M3) (Concld.)

(` Billion)

Sources

Outstandings as on March 31/reporting Fridays of the month/last reporting Friday of the month

September 2011

October 2011

November 2011

December 2011

January 13, 2012

January 27, 2012

6

7

8

9

10

11

1.

Net Bank Credit to Government (A+B)

21,518.4

21,910.7

22,222.9

22,351.1

22,753.3

23,010.1

 

A. RBI’s net credit to Government (i-ii)

3,566.6

3,947.4

4,169.0

4,500.6

4,933.5

5,184.0

 

(i) Claims on Government (a+b)

3,568.0

3,948.8

4,170.5

4,502.0

4,935.0

5,185.4

 

(a) Central Government

3,563.5

3,944.5

4,157.2

4,501.6

4,932.8

5,184.5

 

(b) State Governments

4.5

4.3

13.2

0.4

2.2

0.9

 

(ii) Government deposits with RBI (a+b)

1.4

1.4

1.4

1.4

1.4

1.4

 

(a) Central Government

1.0

1.0

1.0

1.0

1.0

1.0

 

(b) State Governments

0.4

0.4

0.4

0.4

0.4

0.4

 

B. Other Banks’ Credit to Government

17,951.8

17,963.3

18,053.9

17,850.5

17,819.8

17,826.1

2.

Bank Credit to Commercial Sector (A+B)

44,161.7

44,600.8

44981.2

46,817.9

46,715.9

46,693.2

 

A. RBI’s credit to commercial sector

17.8

18.8

19.1

32.7

31.6

32.6

 

B. Other banks’ credit to commercial sector (i+ii+iii)

44,143.9

44,582.0

44,962.1

46,785.3

46,684.3

46,660.6

 

(i) Bank credit by commercial banks

40,948.3

41,515.5

41,890.4

43,656.4

43,544.8

43,513.3

 

(ii) Bank credit by co-operative banks

3,122.4

3,005.7

3,009.8

3,071.2

3,084.6

3,093.9

 

(iii) Investments by commercial and  co-operative banks in other securities

73.2

60.8

61.8

57.7

54.9

53.4

3.

Net Foreign Exchange Assets of Banking Sector (A+B)

15,538.4

16,028.1

15,894.4

15,905.6

15,208.6

14,812.7

 

A. RBI’s net foreign exchange assets (i-ii)

15,077.3

15,567.1

15,433.3

15,444.6

14,747.5

14,351.7

 

(i) Gross foreign assets

15,077.4

15,567.2

15,433.4

15,444.8

14,747.7

14,351.9

 

(ii) Foreign liabilities

0.1

0.1

0.0

0.2

0.2

0.2

 

B. Other banks’ net foreign exchange assets

461.0

461.0

461.0

461.0

461.0

461.0

4.

Government’s Currency Liabilities to the Public

133.1

136.1

137.2

137.2

137.2

137.2

5.

Banking Sector’s net Non-monetary Liabilities Other than Time Deposits (A+B)

12,656.8

13,022.2

13,078.3

13,225.0

12,889.3

13,058.5

 

A. Net non-monetary liabilities of RBI

5,266.9

5,785.6

5,774.5

6,232.4

5,697.1

5,496.1

 

B. Net non-monetary liabilities of other  banks (residual)

7,390.0

7,236.6

7,303.8

6,992.7

7,192.2

7,562.4

M3 (1+2+3+4-5)

68,694.8

69,653.6

70,157.4

71,986.8

71,925.7

71,594.7

Notes: 1. Monetary aggregates as at end-March incorporate data on i) scheduled commercial banks as on last reporting Friday and ii) the Reserve Bank of India pertaining to the last working day of the fiscal year.
2. Net Foreign Exchange Assets of the RBI includes investment in foreign currency denominated bonds issued by IIFC(UK) since March 20, 2009.
3. Data are provisional.
Also see Notes on Tables.


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