(Rs. crore)

Outstanding as on

Variation over

Item

Financial year so far

Year-on-year

1999

Fortnight

1998-99

1999-2000

1998

1999

Mar.31#

Oct. 22#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

9,72,204*

10,54,505

5,261

0.5

88,282*

10.7

82,300*

8.5

1,56,791*

20.8

1,44,891*

15.9

(8.6)

(8.6)

(18.4)

(16.2)

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,69,382

1,83,116

2,495

1.4

13,561

9.3

13,734

8.1

18,536

13.2

23,977

15.1

(ii)

Demand deposits with banks

1,35,111

1,31,799

333

0.3

-3,531

-3.0

-3,312

-2.5

14,341

14.2

16,605

14.4

(iii)

Time deposits with banks@

6,63,890

7,36,570

2,928

0.4

78,277

14.1

72,680

10.9

1,23,994

24.4

1,04,806

16.6

(iv)

"Other" deposits with Reserve Bank

3,821

3,019

-495

-14.1

-25

-0.7

-802

-21.0

-79

-2.2

-497

-14.1

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

(i)

Net bank credit to Government (a+b)

3,87,151

4,32,202

5,340

1.3

42,250

12.8

45,050

11.6

58,103

18.5

59,355

15.9

(a) Reserve Bank

1,52,539

1,58,583

5,417

3.5

13,710

10.1

6,044

4.0

33,257

28.8

9,714

6.5

(b) Other Banks

2,34,612

2,73,619

-77

—

28,540

14.6

39,006

16.6

24,846

12.5

49,642

22.2

(ii)

Bank credit to commercial sector (a+b)

4,90,363

5,19,008

1,572

0.3

15,673

3.6

28,644

5.8

63,814

16.6

70,025

15.6

(a) Reserve Bank

12,226

11,582

-2,670

-18.7

43

0.5

-644

-5.3

620

8.1

3,354

40.8

(b) Other Banks

4,78,138

5,07,426

4,242

0.8

15,631

3.7

29,288

6.1

63,194

16.7

66,671

15.1

(iii)

Net foreign exchange assets of banking sector

1,76,778

1,82,396

1,079

0.6

17,292

12.5

5,618

3.2

39,134

33.7

27,009

17.4

(iv)

Government's currency liabilities to the public

3,846

4,079

—

—

290

8.6

233

6.1

467

14.7

437

12.0

(v)

Banking sector's net non-monetary liabilities

other than time deposits

85,934

83,180

2,730

3.4

-12,777

-15.2

-2,754

-3.2

4,727

7.1

11,936

16.8

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

60,455

66,258

598

0.9

14,208

32.8

5,803

9.6

23,903

71.2

8,768

15.3

@:

Includes Rs. 17,945 crore on account of Resurgent India Bonds (RIBs), since August 28, 1998.

* :

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). The revision is in respect of pension and provident funds with commercial banks which are classified as other demand and time liabilities and includes those banks which have reported such changes so far.

Note : Figures in brackets are percentage variations net of RIBs.