1. Reserve Bank of India - Liabilities and Assets

(Rs.crore)

2002

2003

Variation

Item

Oct. 18

Oct. 10

Oct. 17#

Week

Year

1

2

3

4

5

6

Loans and advances

Central Government

—

—

—

—

—

State Governments

5,385

5,855

3,147

–2,708

–2,238

(1) Includes foreign securities, balances held abroad and investments in foreign shares/bonds.
(2) Effective October 17, 1990, gold is valued close to international market price.
(3) Excludes investments in foreign shares and bonds and in Government of India rupee securities.

2. Foreign Exchange Reserves

Variation over

Item

As on Oct. 17,
2003

Week

End-March
2003

End-December
2002

Year

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

1

2

3

4

5

6

7

8

9

10

11

Total Reserves

4,14,306

91,315

4,104

962

56,026

15,887

75,957

20,870

1,04,213

27,257

of which :

(a)Foreign Currency Assets

3,96,323

87,392

4,105

962*

54,847

15,502

74,549

20,398

1,02,241

26,644

(b)Gold

17,967

3,919

—

—

1,182

385

1,425

475

2,003

619

(c) SDRs

16

4

–1

—

–3

—

–17

–3

–31

–6

Memo Item : RTP**

5,447

1,201

–40

–8

2,257

529

2,266

539

2,278

546

* : Foreign currency assets expressed in US dollar terms include the effect of appreciation/depreciation of non-US currencies (such as Euro, Sterling, Yen) held in reserves. For details, please refer to the Current Statistics section of the RBI Bulletin.
** : Foreign exchange reserves do not include India's Reserve Tranche Position (RTP) with the International Monetary Fund (IMF).
RTP may change, from time to time, due to India's transactions under the Financial Transaction Plan with the IMF as well as changes in SDR exchange ratesvis-a-vis rupee and US dollar.

3. Scheduled Commercial Banks - Business in India

(Rs. crore)

Outstanding

Variation over

Item

as on 2003

Fortnight

Financial year so far

Year-on-year

Oct. 3#

2002-2003

2003-2004

2002

2003

1

2

3

4

5

6

7

Liabilities to Others

Aggregate deposits @

13,82,184

4,850

1,39,300

1,01,331

1,89,488

1,39,524

(0.4)

(12.6)

(7.9)

(18.0)

(11.2)

[13.1]

[8.2]

[18.8]

[11.6]

Demand

1,93,300

18,027

8,113

23,011

16,452

32,139

Time @

11,88,884

–13,177

1,31,187

78,320

1,73,035

1,07,385

Bank Credit

7,52,068

16,522

85,870

22,853

1,29,494

76,476

(2.2)

(14.6)

(3.1)

(23.7)

(11.3)

Food Credit

37,372

–93

–752

–12,107

3,024

–15,854

Non-food credit

7,14,696

16,615

86,622

34,960

1,26,470

92,330

@ : Includes Rs.17,945 crore on account of proceeds from Resurgent India Bonds (RIBs), since August 28, 1998 and Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Figures in italics are percentage variations net of RIBs and IMDs as the case may be.
Note: Includes the impact of mergers since May 3, 2002.

5. Accommodation Provided by Scheduled Commercial Banks to Commercial Sector in the form of Bank Credit and Investments in Shares/Debentures/Bonds/Commercial Paper etc.

(Rs. crore)

2003 - 2004

2002 - 2003

Outstanding

Variations

Outstanding

Variations

Item

as on 2003

(3) - (2)

as on 2002

(6) - (5)

Mar. 21

Oct. 3

Mar. 22

Oct. 4

1

2

3

4

5

6

7

4. Total (1B + 2 + 3)

7,72,695

8,06,211

33,516

6,17,650

7,10,638

92,988

@ : Upto September 19, 2003. @@ : Upto September 30, 2003. + : Upto September 20, 2002. ++ : Upto September 30, 2002.
Notes :
1. Data on investments are based on Statutory Section 42(2) Returns.
2. Figures in brackets are percentage variations.
3. Includes the impact of mergers since May 3, 2002.

7. Money Stock : Components and Sources

(Rs. crore)

Outstanding

Variation over

as on

Fortnight

Financial year so far

Year-on-year

2003

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

Oct. 3#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,44,133

6,473

0.4

1,57,790

10.5

1,18,911

6.9

2,32,540

16.3

1,87,988

11.4

[16,95,551]

[1,21,377]

[8.1]

[1,96,127]

[13.8]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,84,237

766

0.3

9,736

4.0

13,255

4.9

30,296

13.8

33,707

13.5

(ii)

Demand deposits with banks

1,98,602

2,21,143

18,211

9.0

7,310

4.1

22,542

11.4

18,095

10.7

34,634

18.6

(iii)

Time deposits with banks @

12,52,396

13,33,758

–13,024

–1.0

1,39,681

13.0

81,362

6.5

1,83,790

17.8

1,18,565

9.8

[12,22,725]

[1,03,268]

[9.6]

[1,47,377]

[14.3]

(iv)

"Other" deposits with Reserve Bank

3,242

4,995

521

11.6

1,064

37.3

1,752

54.0

358

10.1

1,081

27.6

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,13,175

4,917

0.7

44,977

7.6

35,116

5.2

70,284

12.5

78,633

12.4

(a) Reserve Bank

1,20,679

76,431

13,348

21.2

–28,065

–18.4

–44,249

–36.7

–33,256

–21.1

–47,683

–38.4

(b) Other Banks

5,57,379

6,36,744

–8,431

–1.3

73,042

16.7

79,365

14.2

1,03,540

25.4

1,26,316

24.7

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,34,236

16,722

1.8

84,376

11.1

27,624

3.0

1,32,227

18.6

90,213

10.7

(a) Reserve Bank

3,048

2,990

–23

–0.8

–2,956

–49.9

–58

–1.9

–4,731

–61.4

18

0.6

(b) Other Banks

9,03,564

9,31,245

16,745

1.8

87,332

11.6

27,682

3.1

1,36,958

19.5

90,195

    10.7

@ : Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Data reflect redemption ofResurgent India Bonds (RIBs) of Rs.22,693 crore, since October 1, 2003.
Figures in [ ] exclude the impact of mergers since May 3, 2002.