(Rs. crore)

Outstanding as on

Variation over

Item

Financial year so far

Year-on-year

1999

Fortnight

1998-99

1999-2000

1998

1999

Mar.31#

Oct. 8#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

9,72,204

10,49,244

8,833

0.8

82,900

10.1

77,040

7.9

1,57,303

21.1

1,45,012*

16.0

(7.9)

(8.1)

(18.7)

(16.3)

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,69,382

1,80,621

3,746

2.1

11,040

7.6

11,239

6.6

15,132

10.7

24,002

15.3

(ii)

Demand deposits with banks

1,35,111

1,31,466

1,926

1.5

-3,189

-2.7

-3,645

-2.7

16,663

16.9

15,931

13.8

(iii)

Time deposits with banks@

6,63,890

7,33,643

4,187

0.6

75,117

13.6

69,753

10.5

1,25,834

25.0

1,05,038

16.7

(iv)

"Other" deposits with Reserve Bank

3,821

3,514

-1,026

-22.6

-67

-1.9

-307

-8.0

-326

-8.6

41

1.2

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

(i)

Net bank credit to Government (a+b)

3,87,151

4,26,861

4,019

1.0

40,249

12.2

39,710

10.3

58,874

18.9

56,015

15.1

(a) Reserve Bank

1,52,539

1,53,166

2,188

1.4

11,010

8.1

627

0.4

30,936

26.8

6,996

4.8

(b) Other Banks

2,34,612

2,73,695

1,830

0.7

29,239

15.0

39,083

16.7

27,938

14.2

49,020

21.8

(ii)

Bank credit to commercial sector (a+b)

4,90,363

5,17,435

14,582

2.9

12,811

3.0

27,072

5.5

63,061

16.5

71,315

16.0

(a) Reserve Bank

12,226

14,252

4,474

45.8

32

0.4

2,026

16.6

560

7.3

6,035

73.4

(b) Other Banks

4,78,138

5,03,184

10,107

2.0

12,779

3.0

25,046

5.2

62,500

16.6

65,280

14.9

(iii)

Net foreign exchange assets of banking sector

1,76,778

1,81,317

-1,004

-0.6

16,787

12.2

4,540

2.6

39,183

33.9

26,436

17.1

(iv)

Government's currency liabilities to the public

3,846

4,079

—

—

244

7.3

233

6.1

463

14.8

483

13.4

(v)

Banking sector's net non-monetary liabilities

other than time deposits

85,934

80,450

8,763

12.2

-12,810

-15.2

-5,485

-6.4

4,278

6.4

9,237

13.0

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

60,455

65,661

1,384

2.2

14,270

33.0

5,205

8.6

23,524

69.1

8,108

14.1

@:

Includes Rs. 17,945 crore on account of Resurgent India Bonds (RIBs), since August 28, 1998.

* :

Revised in line with the new accounting standards and consistent with the methodology suggested by the Working Group on Money Supply: Analytics and Methodology of Compilation (June 1998). The revision is in respect of pension and provident funds with commercial banks which are classified as other demand and time liabilities and includes those banks which have reported such changes so far.

Note : Figures in brackets are percentage variations net of RIBs.