APPENDIX TABLE 18 : NEW MONETARY AGGREGATES

(Amount in Rupees crore)

Item

Outstanding as on March 31, 2006

Variations

Financial year

April-June

2004-05

2005-06

2005-06

2006-07

Absolute

Per cent

Absolute

Per cent

Absolute

Per cent

Absolute

Per cent

1

2

3

4

5

6

7

8

9

10

Monetary Aggregates

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

829139

74845

13.0

141702

20.6

-3233

-0.5

-16838

-2.0

M1

1655020

148325

12.5

262387

18.8

10072

0.7

15410

0.9

NM2

(M1+C.II.2.1)

2747575

282988

14.4

421114

18.1

25333

1.1

57814

2.1

NM3

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

(244300)

(12.5)

Components

C.I

Currency with the Public

413166

41089

13.1

58322

16.4

20502

5.8

25828

6.3

C.II

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

2244386

195687

12.1

351009

18.5

7696

0.4

29844

1.3

C.II.1

Demand Deposits

409094

32397

12.6

82820

25.4

-21873

-6.7

-41817

-10.2

C.II.2

Time Deposits of Residents (C.II.2.1+C.II.2.2)

1835292

163291

12.0

268188

17.1

29568

1.9

71662

3.9

(159778)

(11.8)

C.II.2.1

Short-term Time Deposits

825882

73481

12.0

120685

17.1

13306

1.9

32248

3.9

C.II.2.1.1

Certificates of Deposits (CDs)

44499

6201

28972

3589

23.1

14946

33.6

C.II.2.2

Long-term Time Deposits

1009411

89810

12.0

147504

17.1

16263

1.9

39414

3.9

C.III

‘Other’ Deposits with the RBI

6879

1359

26.5

560

8.9

-1862

-29.5

-849

-12.3

C.IV

Call/Term Funding from Financial Institutions

83144

44853

181.8

11224

15.6

-1002

-1.4

2990

3.6

(9678)

(39.2)

Sources

S.I

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

2595123

265204

13.8

367521

16.5

33136

1.5

50323

1.9

S.I.1

Net Bank Credit to the Government

760129

3808

0.5

19014

2.6

16897

2.3

20087

2.6

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

(-8385)

(-1.1)

S.I.1.1

Net RBI Credit to the Government

8136

-62882

35799

18963

53

S.I.1.2

Credit to the Government by the

Banking System

751993

66690

9.5

-16785

-2.2

-2066

-0.3

20035

2.7

S.I.2

Bank Credit to the Commercial Sector

1834994

261397

22.3

348507

23.4

16239

1.1

30325

1.6

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

(228515)

(19.5)

S.I.2.1

RBI Credit to the Commercial Sector

4385

-938

-15.0

-918

-17.3

1262

23.8

-1578

-36.0

S.I.2.2

Credit to the Commercial Sector by the

Banking System

1830609

262335

22.5

349425

23.6

14977

1.0

31814

1.7

S.I.2.2.1

Other Investments

(Non-SLR Securities)

144303

5384

3.6

-11838

-7.6

-2730

-1.7

11810

8.2

S.II

Government’s Currency Liabilities to the Public

8754

152

2.1

1306

17.5

384

5.2

64

0.7

S.III

Net Foreign Exchange Assets of

the Banking Sector (S.III.1+S.III.2)

627368

110751

26.0

91186

17.0

-15300

-2.9

51542

8.2

S.III.1

Net Foreign Exchange Assets of the RBI

672983

128377

26.5

61545

10.1

-13243

-2.2

71845

10.7

S.III.2

Net Foreign Currency Assets of the Banking System

-45616

-17626

29640

-2057

-20304

S.IV

Capital Account

318544

43534

18.7

39911

14.3

2182

0.8

53167

16.7

S.V

Other Items (net)

165125

49586

31.2

-1012

-0.6

-9295

-5.6

-9053

-5.5

Note :
1. Data are provisional.
2. Data reflect redemption of India Millenniun Deposits (IMDs) on December 29, 2005.
3. Variation during 2005-06 is worked out from April 1, 2005, whereas variations during 2004-05 and 2006-07 are worked out from March 31, 2004 and
March 31, 2006, respecitively.