(Rs. crore)

Outstanding

Variation over

as on

Item

Financial year so far

1999

Fortnight

1998-99

1999-2000

Year

Mar. 31#

May 7#

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

M₃

9,74,328

9,98,986

7,255

0.7

20,086

2.4

24,658

2.5

1,51,691

17.9

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,70,119

1,85,668

6,200

3.5

13,939

9.5

15,549

9.1

25,725

16.1

(ii)

Demand deposits with banks

1,30,267

1,25,385

-4,073

-3.1

-5,493

-4.7

-4,882

-3.7

12,941

11.5

(iii)

Time deposits with banks

6,70,130

6,84,868

@

5,262

0.8

12,228

2.2

14,738

2.2

1,12,912

19.7

(iv)

"Other" deposits with Reserve Bank

3,812

3,065

-134

-4.2

-588

-16.6

-747

-19.6

113

3.8

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

(i)

Net bank credit to Government (a+b)

3,84,266

4,05,534

6,661

1.7

20,098

6.1

21,268

5.5

54,844

15.6

(a) Reserve Bank

1,50,132

1,58,103

2,140

1.4

12,162

9.0

7,971

5.3

10,781

7.3

(b) Other Banks

2,34,133

2,47,431

4,521

1.9

7,936

4.1

13,297

5.7

44,063

21.7

(ii)

Bank credit to commercial sector (a+b)

4,86,942

4,91,335

3,013

0.6

-2,182

-0.5

4,393

0.9

60,780

14.1

(a) Reserve Bank

12,226

12,496

2,228

21.7

25

0.3

270

2.2

4,286

52.2

(b) Other Banks

4,74,717

4,78,839

786

0.2

-2,207

-0.5

4,123

0.9

56,494

13.4

(iii)

Net foreign exchange assets of banking sector

1,48,633

1,51,498

1,662

1.1

211

0.2

2,865

1.9

24,718

19.5

(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

53,086

4,082

8.3

-1,924

-2.9

3,868

7.9

-11,032

  -17.2

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

58,058

61,644

684

1.1

3,500

8.1

3,586

6.2

14,862

31.8

@ :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 15.8 per cent.