(Amount in Rupees crore)

Outstanding

Variations

as on

Financial year

April-June

March 31,

Item

2003-04

2002-03

2004-05

2003-04

2004

Absolute

Percent

Absolute

Percent

Absolute

Percent

Absolute

Per cent

1

2

3

4

5

6

7

8

9

10

Monetary Aggregates

(C.I+C.II.1+C.III)

5,77,304

1,03,835

21.9

48,573

11.4

-261

0.0

26,338

5.6

^M1

11,89,725

1,96,310

19.8

1,22,157

14.0

29,964

2.5

51,946

5.2

^NM2 ^(M1^+C.II.2.1)

19,62,910

3,21,368

19.6

2,21,702

15.6

72,298

3.7

85,771

5.2

^NM3 ^(NM2^{+C.II.2.2+C.IV = S.I+S.II+S.III-S.IV-S.V)}

(1,92,031)

(13.5)

Components

C.I

Currency with the Public

3,15,203

43,692

16.1

30,857

12.8

13,678

4.3

15,249

5.6

C.II

Aggregate Deposits of Residents (C.II.1+C.II.2)

16,17,918

2,63,767

19.5

1,80,842

15.4

54,691

3.4

67,931

5.0

(1,51,171)

(12.9)

C.II.1

Demand Deposits

2,56,982

58,267

29.3

17,322

9.5

-12,475

-4.9

11,024

5.5

C.II.2

Time Deposits of Residents

13,60,936

2,05,501

17.8

1,63,520

16.5

67,166

4.9

56,907

4.9

(C.II.2.1+C.II.2.2)

(1,33,849)

(13.5)

C.II.2.1

Short-term Time Deposits

6,12,421

92,475

17.8

73,584

16.5

30,225

4.9

25,608

4.9

C.II.2.1.1

Certificates of Deposits (CDs)

6,911

6,177

840.9

-1,499

-67.1

-1,472

-21.3

574

78.2

C.II.2.2

Long-term Time Deposits

7,48,515

1,13,025

17.8

89,936

16.5

36,941

4.9

31,299

4.9

C.III

‘Other’ Deposits with the RBI

5,119

1,877

57.9

393

13.8

-1,463

-28.6

65

2.0

C.IV

Call/Term Funding from Financial Institutions

24,670

12,032

95.2

9,609

317.3

5,393

21.9

2,526

20.0

Sources

S.I

Domestic Credit (S.I.1+S.I.2)

19,19,248

1,86,747

10.8

2,43,195

16.3

37,458

2.0

47,797

2.8

S.I.1

Net Bank Credit to the Government

(S.I.1.1+S.I.1.2)

7,45,518

68,565

10.1

87,051

14.8

6,271

0.8

36,447

5.4

S.I.1.1

Net RBI Credit to the Government

44,907

-75,772

-62.8

-31,499

-20.7

-34,143

-76.0

-4,451

-3.7

S.I.1.2

Credit to the Government by the Banking System

7,00,610

1,44,337

25.9

1,18,550

27.1

40,414

5.8

40,898

7.4

S.I.2

Bank Credit to the Commercial Sector

(S.I.2.1+S.I.2.2)

11,73,730

1,18,182

11.2

1,56,143

17.4

31,187

2.7

11,350

1.1

S.I.2.1

RBI Credit to the Commercial Sector

6,255

-2,585

-29.2

-3,588

-28.9

-2,999

-47.9

-1,427

-16.1

S.I.2.2

Credit to the Commercial Sector by the Banking System

11,67,475

1,20,768

11.5

1,59,732

18.0

34,186

2.9

12,776

1.2

S.I.2.2.1

Other Investments (Non-SLR Securities)

1,46,196

2,994

2.1

14,299

11.1

-2,148

-1.5

1,253

0.9

S.II

Government’s Currency Liabilities to the Public

7,296

225

3.2

705

11.1

17

0.2

84

1.2

S.III

Net Foreign Exchange Assets of

the Banking Sector (S.III.1+S.III.2)

4,25,882

1,36,270

47.1

63,774

28.2

49,718

11.7

23,945

8.3

S.III.1

Net Foreign Exchange Assets of the RBI

4,84,413

1,26,169

35.2

94,275

35.7

57,525

11.9

22,710

6.3

S.III.2

Net Foreign Currency Assets of the Banking System

-58,531

10,101

-14.7

-30,501

80.0

-7,807

13.3

1,235

-1.8

S.IV

Capital Account

2,31,440

9,855

4.4

37,259

20.2

36,445

15.7

14,845

6.7

S.V

Other Items (net)

1,58,075

-7,980

-4.8

48,713

41.5

-21,552

-13.6

-28,790

-17.3

Note :1.Data are provisional.

2.Data are 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).

3. Time deposits and broad money include India Millennium Deposits (IMDs) aggregating Rs.25,662 crore
since November 17, 2000 and the impact of redemption of the Resurgent India Bonds (RIBs) of Rs. 22,693 crore since October 1, 2003.

4.Figures in parentheses exclude the impact of mergers since May 3, 2002.