(Rs. crore)

Outstanding

Variation over

as on

Item

1999

Fortnight

1998-99

1999-2000

Year

Mar. 31#

Apr. 23#

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

M3

9,74,328

9,91,732

3,708

0.4

14,499

1.8

17,404

1.8

1,50,024

17.8

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,70,119

1,79,469

3,919

2.2

8,731

6.0

9,350

5.5

24,734

16.0

(ii)

Demand deposits with banks

1,30,267

1,29,458

-3,212

-2.4

-3,746

-3.2

-809

-0.6

15,268

13.4

(iii)

Time deposits with banks

6,70,130

6,79,606@

3,753

0.6

10,556

1.9

9,476

1.4

1,09,321

19.2

(iv)

"Other" deposits with Reserve Bank

3,812

3,199

-753

-19.0

-1,041

-29.4

-613

-16.1

700

28.0

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

(i)

Net bank credit to Government (a+b)

3,84,266

3,98,872

3,271

0.8

7,216

2.2

14,607

3.8

61,065

18.1

(a) Reserve Bank

1,50,132

1,55,963

2,450

1.6

-5,944

-4.4

5,831

3.9

26,748

20.7

(b) Other Banks

2,34,133

2,42,909

820

0.3

13,160

6.7

8,776

3.7

34,317

16.5

(ii)

Bank credit to commercial sector (a+b)

4,86,942

4,88,322

388

0.1

-1,840

-0.4

1,380

0.3

57,424

13.3

(a) Reserve Bank

12,226

10,269

1,812

21.4

16

0.2

-1,957

-16.0

2,067

25.2

(b) Other Banks

4,74,717

4,78,053

-1,424

-0.3

-1,856

-0.4

3,337

0.7

55,357

13.1

(iii)

Net foreign exchange assets of banking sector

1,48,633

1,49,836

-56

—

315

0.2

1,203

0.8

22,951

18.1

(iv)

Government's currency liabilities to the public

3,705

3,705

—

—

35

1.1

—

—

317

9.4

(v)

Banking sector's net non-monetary liabilities

other than time deposits

49,218

49,003

-105

-0.2

-8,773

-13.3

-214

-0.4

-8,266

-14.4

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

58,058

60,960

-183

-0.3

3,037

7.0

2,903

5.0

14,641

31.6

@ : Includes Rs. 17,945 crore on account of proceeds from Resurgent India Bonds (RIBs). Excluding these proceeds, the year-on-year M3 growth rate in column 11 would work out to be 15.7 per cent.