7. Money Stock : Components and Sources - RBI - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) |
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Outstanding as on |
Variation over |
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Financial year so far |
Year-on-year |
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2003 |
Fortnight |
2002-2003 |
2003-2004 |
2002 |
2003 |
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Item |
Mar. 31# |
Sep. 19# |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
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M3 |
17,25,222 |
18,37,660 |
2,034 |
0.1 |
1,43,132 |
9.6 |
1,12,437 |
6.5 |
2,33,581 |
16.6 |
1,96,173 |
12.0 |
|
[16,95,551] |
[1,06,000] |
[7.1] |
[1,96,449] |
[14.0] |
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Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
2,70,983 |
2,83,472 |
–1,809 |
–0.6 |
10,153 |
4.2 |
12,489 |
4.6 |
32,469 |
14.9 |
32,525 |
13.0 |
(ii) |
Demand deposits with banks |
1,98,602 |
2,02,933 |
–3,117 |
–1.5 |
–747 |
–0.4 |
4,331 |
2.2 |
16,318 |
10.1 |
24,481 |
13.7 |
(iii) |
Time deposits with banks@ |
12,52,396 |
13,46,782 |
6,741 |
0.5 |
1,33,097 |
12.4 |
94,386 |
7.5 |
1,84,633 |
18.0 |
1,38,173 |
11.4 |
[12,22,725] |
[95,965] |
[8.9] |
[1,47,501] |
[14.4] |
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(iv) |
"Other" deposits with Reserve Bank |
3,242 |
4,474 |
219 |
5.1 |
630 |
22.1 |
1,231 |
38.0 |
161 |
4.8 |
995 |
28.6 |
Sources (i+ii+iii+iv-v) |
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(i) |
Net Bank credit to Government (a+b) |
6,78,059 |
7,08,258 |
–8,696 |
–1.2 |
45,238 |
7.7 |
30,199 |
4.5 |
73,979 |
13.2 |
73,456 |
11.6 |
(a) Reserve Bank |
1,20,679 |
63,082 |
–10,017 |
–13.7 |
–23,991 |
–15.8 |
–57,597 |
–47.7 |
–23,843 |
–15.7 |
–65,105 |
–50.8 |
|
(b) Other Banks |
5,57,379 |
6,45,176 |
1,320 |
0.2 |
69,229 |
15.8 |
87,796 |
15.8 |
97,822 |
23.9 |
1,38,560 |
27.4 |
|
(ii) |
Bank credit to commercial sector (a+b) |
9,06,612 |
9,17,514 |
3,301 |
0.4 |
69,770 |
9.2 |
10,903 |
1.2 |
1,31,358 |
18.8 |
88,098 |
10.6 |
(a) Reserve Bank |
3,048 |
3,014 |
36 |
1.2 |
–3,002 |
–50.6 |
–35 |
–1.1 |
–7,575 |
–72.1 |
87 |
3.0 |
|
(b) Other Banks |
9,03,564 |
9,14,501 |
3,265 |
0.4 |
72,772 |
9.7 |
10,937 |
1.2 |
1,38,933 |
20.2 |
88,011 |
10.6 |
|
(iii) |
Net foreign exchange assets of banking sector |
3,93,715 |
4,43,311 |
5,382 |
1.2 |
38,072 |
12.2 |
49,596 |
12.6 |
78,378 |
29.0 |
94,204 |
27.0 |
(iv) |
Government's currency liabilities to the public |
7,071 |
7,179 |
— |
— |
424 |
6.7 |
108 |
1.5 |
985 |
17.0 |
389 |
5.7 |
(v) |
Banking sector's net non-monetary liabilities |
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other than time deposits |
2,60,234 |
2,38,602 |
–2,048 |
–0.9 |
10,371 |
6.2 |
–21,632 |
–8.3 |
51,120 |
40.1 |
59,973 |
33.6 |
|
of which : Net non-monetary liabilities of RBI |
1,27,141 |
1,15,122 |
5,350 |
4.9 |
10,069 |
9.9 |
–12,019 |
–9.5 |
19,500 |
21.2 |
3,833 |
3.4 |
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@ : 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 |