(Rs. crore)

Outstanding as on

Variation over

2002

2003

Fortnight

Financial year so far

Year-on-year

2001-2002

2002-2003

2002

2003

Item

Mar. 31#

Feb. 7#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

15,00,003

17,04,570

13,429

0.8

1,55,258

11.8

2,04,567

13.6

1,80,358

14.0

2,36,092

16.1

[16,61,978]

[1,61,975]

[10.8]

[1,93,500]

[13.2]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,41,399

2,69,531

4,206

1.6

28,819

13.8

28,132

11.7

27,676

13.1

31,162

13.1

(ii)

Demand deposits with banks

1,78,284

1,89,143

3,911

2.1

576

0.3

10,859

6.1

13,297

8.7

22,298

13.4

(iii)

Time deposits with banks@

10,77,470

12,43,041

5,066

0.4

1,27,277

13.6

1,65,572

15.4

1,39,371

15.1

1,81,994

17.2

[12,00,449]

[1,22,980]

[11.4]

[1,39,402]

[13.1]

(iv)

"Other" deposits with Reserve Bank

2,850

2,854

245

9.4

–1,414

–39.0

4

0.2

14

0.6

638

28.8

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

(i)

Net Bank credit to Government (a+b)

5,86,466

6,49,909

7,848

1.2

70,278

13.7

63,442

10.8

80,796

16.1

67,675

11.6

(a) Reserve Bank

1,52,178

1,08,508

684

0.6

1,888

1.2

–43,670

–28.7

1,710

1.1

–47,257

–30.3

(b) Other Banks

4,34,288

5,41,401

7,164

1.3

68,390

19.1

1,07,113

24.7

79,086

22.8

1,14,933

26.9

(ii)

Bank credit to commercial sector (a+b)

7,56,265

8,73,654

7,666

0.9

58,022

8.5

1,17,389

15.5

76,092

11.5

1,36,414

18.5

(a) Reserve Bank

5,929

2,906

–19

–0.7

–5,089

–38.3

–3,023

–51.0

–2,975

–26.6

–5,291

–64.6

(b) Other Banks

7,50,336

8,70,748

7,685

0.9

63,111

9.5

1,20,412

16.0

79,067

12.2

1,41,705

19.4

(iii)

Net foreign exchange assets of banking sector

3,14,733

4,02,530

5,853

1.5

43,086

17.2

87,797

27.9

51,831

21.5

1,09,624

37.4

(iv)

Government's currency liabilities to the public

6,366

6,851

—

—

802

15.0

485

7.6

932

17.9

696

11.3

(v)

Banking sector's net non-monetary liabilities

other than time deposits

1,63,828

2,28,373

7,939

3.6

16,930

12.7

64,545

39.4

29,294

24.3

78,317

52.2

of which : Net non-monetary liabilities of RBI

1,01,220

1,27,239

104

0.1

21,916

27.6

26,019

25.7

19,329

23.6

25,978

25.7

@ :

Includes Rs.17,945 crore on account of proceeds from Resurgent India Bonds (RIBs), since August 28, 1998 and Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000.

Figures in [ ] exclude the impact of mergers since May 3, 2002.