Reserve Bank of India - Bulletin Weekly Statistical Supplement - Extract

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Published on February 15, 2008

1. Reserve Bank of India - Liabilities and Assets
(Rs.crore)
*Item*	2007	2008		Variation
*Item*	Feb. 9	Feb. 1	Feb. 8#	Week	Year
1	2	3	4	5	6
Loans and advances
Central Government	—	—	—	—	—
State Governments	173	—	324	324	151

2. Foreign Exchange Reserves
*Item*	As on Feb. 8, 2008		Variation over
*Item*	As on Feb. 8, 2008		Week		End-March 2007		End-December 2007		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	11,50,003	290,808	–1,986	–1,864	2,81,781	91,629	64,983	15,492	3,34,476	105,730
(a) Foreign Currency Assets	11,12,080	281,183	–1,971	–1,858 *	2,75,483	89,259	61,595	14,630	3,27,442	103,099
(b) Gold	36,236	9,199	—	—	6,663	2,415	3,417	871	7,396	2,670
(c) SDRs	37	9	1	—	29	7	24	6	29	7
(d) Reserve position in the IMF**	1,650	417	–16	–6	–394	–52	–53	–15	–391	–46
* : 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. ** : Reserve Position in the International Monetary Fund (IMF),i.e.,Reserve Tranche Position (RTP) which was shown as a memo item from May 23, 2003 to March 26, 2004 has been included in the reserves from the week ended April 2, 2004 in keeping with the international best practice.

3. Scheduled Commercial Banks - Business in India
(Rs. crore)
*Item*		Outstanding	Variation over
		as on 2008	Fortnight	Financial year so far		Year-on-year
		Feb. 1#		2006-2007	2007-2008	2007	2008
1		2	3	4	5	6	7
Liabilities to Others
	Aggregate deposits @	30,89,540	58,899	3,17,588	4,81,231	4,56,218	6,62,903
			(1.9)	(15.1)	(18.4)	(23.2)	(27.3)
	Demand	5,13,740	57,794	18,450	84,603	61,970	1,30,650
	Time @	25,75,800	1,106	2,99,138	3,96,628	3,94,248	5,32,252
Bank Credit		22,07,312	40,465	2,91,036	2,78,399	4,11,849	4,09,199
			(1.9)	(19.3)	(14.4)	(29.7)	(22.8)
	Food Credit	41,192	2,009	2,812	–5,329	3,551	–2,311
	Non-food credit	21,66,120	38,456	2,88,224	2,83,728	4,08,298	4,11,510

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)
*Item*	2007 - 2008			2006 - 2007
	Outstanding as on		Variation	Outstanding as on		Variation
	2007	2008	(3) - (2)	2006	2007	(6) - (5)
	Mar. 30	Feb. 1		Mar. 31	Feb. 2
1	2	3	4	5	6	7
3. Total (1B + 2)	19,65,786	22,60,133	2,94,347	15,45,851	18,33,673	2,87,823
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. 4. Constituents may not add up to total due to rounding off of figures.

7. Money Stock: Components and Sources
(Rs. crore)
*Item*			Outstanding As on		Variation over
*Item*			Outstanding As on		Fortnight		Financial year so far				Year-on-year
			2007	2008			2006-2007		2007-2008		2007		2008
			Mar. 31#	Feb. 1#	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
1			2	3	4	5	6	7	8	9	10	11	12	13
M3			33,10,278	38,56,841	49,736	1.3	3,82,152	14.0	5,46,563	16.5	5,48,843	21.4	7,45,144	23.9
Components (i+ii+iii+iv)
(i)		Currency with the Public	4,83,471	5,39,026	–5,238	–1.0	59,688	14.4	55,556	11.5	67,703	16.7	66,219	14.0
(ii)		Demand deposits with banks	4,74,228	5,60,422	57,367	11.4	19,132	4.7	86,194	18.2	66,917	18.7	1,34,902	31.7
(iii)		Time deposits with banks @	23,45,083	27,50,059	–4,920	–0.2	3,05,120	16.0	4,04,976	17.3	4,13,980	23.1	5,41,770	24.5
(iv)		"Other" deposits with Reserve Bank	7,496	7,334	2,527	52.6	–1,788	–26.0	–163	–2.2	243	5.0	2,253	44.3
Sources (i+ii+iii+iv-v)
(i)	Net Bank credit to Government (a+b)		8,38,177	8,63,065	18,086	2.1	46,972	6.1	24,888	3.0	26,212	3.3	49,498	6.1
	(a) Reserve Bank		5,752	–1,28,558	27,321		4,493		–1,34,310		–13,670		–1,41,187
	(b) Other Banks		8,32,425	9,91,623	–9,234	–0.9	42,479	5.6	1,59,198	19.1	39,883	5.2	1,90,686	23.8
(ii)	Bank credit to commercial sector (a+b)		21,23,362	24,16,244	37,297	1.6	3,00,601	17.8	2,92,883	13.8	4,22,178	26.9	4,22,639	21.2
	(a) Reserve Bank		1,537	1,453	–119	–7.6	457	33.0	–85	–5.5	–73	–3.8	–392	–21.2
	(b) Other Banks		21,21,825	24,14,792	37,416	1.6	3,00,144	17.7	2,92,967	13.8	4,22,251	26.9	4,23,031	21.2

22. Secondary Market Transactions in Government Securities (Face Value)
(Amount in Rs. crore)
Item			For the Week Ended Feb.1, 2008			For the Week Ended Feb. 8, 2008
			Amount	YTM (%PA) Indicative**		Amount	YTM (%PA) Indicative**
				Minimum	Maximum		Minimum	Maximum
1			2	3	4	5	6	7
II.	RBI*	Sales	95			1
		Purchase	—			—
@ : As reported in Subsidiary General Ledger Accounts at RBI, including 'When Issued' transactions. * : RBI's sales and purchases include transactions in other offices also. ** : Minimum and maximum YTMs (% PA) indicative have been given excluding transactions of Non-standard lot size (Less than Rs.5 crore). £ : Represent the first leg of transactions. ^ : Data relate to Repo auctions under Liquidity Adjustment Facility effective from June 5, 2000 (See Table 9). ! : Includes Reverse Repo auctions under Liquidity Adjustment Facility. Note: Figures in brackets indicate Repo Period.