7. Money Stock : Components and Sources - RBI - Reserve Bank of India
7. Money Stock : Components and Sources
(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. |