1. Reserve Bank of India - Liabilities and Assets

(Rs.crore)

2002

2003

Variation

Item

Dec. 13

Dec. 5

Dec. 12#

Week

Year

1

2

3

4

5

6

Loans and advances

Central Government

1,625

—

—

—

–1,625

State Governments

6,744

6,218

6,392

174

–352

(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 Dec. 12,
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

4,50,724

98,959

5,711

1,439

92,444

23,531

1,12,375

28,514

1,20,977

    30,524

of which :

(a)Foreign Currency Assets

4,32,161

94,918

5,711

1,439*

90,685

23,028

1,10,387

27,924

1,18,389

29,793

(b)Gold

18,550

4,038

—

—

1,765

504

2,008

594

2,608

735

(c) SDRs

13

3

––

—

–6

–1

–20

–4

–20

–4

Memo Item : RTP**

5,614

1,233

30

9

2,424

561

2,433

571

2,454

577

* : 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

Nov. 28#

2002-2003

2003-2004

2002

2003

1

2

3

4

5

6

7

Liabilities to Others

Aggregate deposits @

14,03,322

10,895

1,54,067

1,22,468

1,94,570

1,45,895

(0.8)

(14.0)

(9.6)

(18.3)

(11.6)

[14.5]

[11.3]

[19.1]

[13.5]

Demand

1,88,149

3,033

7,247

17,860

16,688

27,854

Time @

12,15,172

7,862

1,46,820

1,04,609

1,77,882

1,18,041

Bank Credit

7,66,636

4,711

93,948

37,421

1,34,352

82,966

(0.6)

(15.9)

(5.1)

(24.5)

(12.1)

Food Credit

36,461

1,023

368

–13,018

2,617

–17,885

Non-food credit

7,30,175

3,688

93,579

50,439

1,31,735

1,00,851

@ : Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Data also reflect redemption of Resurgent India Bonds (RIBs) of Rs.22,693 crore, since October 1, 2003. Figures in italics are percentage variations net of RIBs and IMDs as the case may be.

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

Nov. 28

Mar. 22

Nov. 29

1

2

3

4

5

6

7

4. Total (1B + 2 + 3)

7,72,695

8,20,743

48,049

6,17,650

7,19,808

1,02,158

@ : Upto November 14, 2003. @@ : Upto October 31, 2003. + : Upto November 15, 2002. ++ : Upto October 31, 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

Financial year so far

Year-on-year

2003

Fortnight

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

Nov. 28#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,78,422

9,365

0.5

1,81,515

12.1

1,53,199

8.9

2,40,643

16.7

1,98,552

11.8

[16,95,551]

[1,47,417]

[9.8]

[2,06,545]

[14.4]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,97,344

–1,556

–0.5

17,452

7.2

26,362

9.7

28,699

12.5

39,098

15.1

(ii)

Demand deposits with banks

1,98,602

2,15,843

2,737

1.3

6,587

3.7

17,241

8.7

19,134

11.5

30,056

16.2

(iii)

Time deposits with banks @

12,52,396

13,61,100

8,146

0.6

1,57,393

14.6

1,08,704

8.7

1,92,788

18.5

1,28,195

10.4

[12,22,725]

[1,23,295]

[11.5]

[1,58,690]

[15.3]

(iv)

"Other" deposits with Reserve Bank

3,242

4,135

38

0.9

82

2.9

892

27.5

21

0.7

1,203

41.0

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,26,650

5,516

0.8

58,236

9.9

48,591

7.2

68,308

11.8

78,849

12.2

(a) Reserve Bank

1,20,679

63,839

–514

–0.8

–34,044

–22.4

–56,841

–47.1

–44,967

–27.6

–54,295

–46.0

(b) Other Banks

5,57,379

6,62,811

6,030

0.9

92,280

21.1

1,05,432

18.9

1,13,276

27.2

1,33,144

25.1

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,47,140

3,836

0.4

93,615

12.3

40,528

4.5

1,39,065

19.5

93,878

11.0

(a) Reserve Bank

3,048

2,084

9

0.5

–2,824

–47.6

–964

–31.6

–4,633

–59.9

–1,020

–32.9

(b) Other Banks

9,03,564

9,45,055

3,827

0.4

96,440

12.8

41,492

4.6

1,43,698

20.3

94,897

11.2

@ : Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Data also 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.