7. Money Stock : Components and Sources - આરબીઆઈ - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) |
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Outstanding |
Variation over |
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Item |
Financial year so far |
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1998 |
1999 |
Fortnight |
1997-98 |
1998-99 |
Year |
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Mar. 31# |
Feb. 26# |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
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|
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
|
|
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M3 |
8,25,389 |
9,45,506 |
1,383 |
0.1 |
94,207 |
13.4 |
1,20,116 |
14.6 |
1,49,450 |
18.8 |
|
Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
1,45,182 |
1,68,019 |
-2,184 |
-1.3 |
12,748 |
9.7 |
22,837 |
15.7 |
23,184 |
16.0 |
(ii) |
Demand deposits with banks |
1,18,435 |
1,17,914 |
724 |
0.6 |
-92 |
-0.1 |
-521 |
-0.4 |
12,672 |
12.0 |
(iii) |
Time deposits with banks |
5,58,167 |
6,56,347 @ |
2,714 |
0.4 |
82,077 |
17.8 |
98,180 |
17.6 |
1,13,036 |
20.8 |
(iv) |
"Other" deposits with Reserve Bank |
3,604 |
3,225 |
130 |
-527 |
-380 |
557 |
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Sources (i+ii+iii+iv-v) |
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(i) |
Net bank credit to Government (a+b) |
3,30,619 |
3,86,820 |
148 |
|
32,982 |
11.4 |
56,201 |
17.0 |
65,218 |
20.3 |
(a) Reserve Bank |
1,35,160 |
1,54,369 |
-2,699 |
6,311 |
19,209 |
23,878 |
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(b) Other Banks |
1,95,460 |
2,32,451 |
2,847 |
26,671 |
36,991 |
41,341 |
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(ii) |
Bank credit to commercial sector (a+b) |
4,32,190 |
4,65,129 |
1,465 |
0.3 |
44,298 |
11.8 |
32,939 |
7.6 |
44,523 |
10.6 |
(a) Reserve Bank |
8,186 |
8,504 |
-993 |
1,670 |
319 |
587 |
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(b) Other Banks |
4,24,004 |
4,56,624 |
2,458 |
42,628 |
32,620 |
43,936 |
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(iii) |
Net foreign exchange assets of banking sector |
1,26,569 |
1,41,342 |
431 |
0.3 |
13,116 |
12.4 |
14,772 |
11.7 |
22,730 |
19.2 |
(iv) |
Government's currency liabilities to the public |
3,120 |
3,561 |
|
386 |
441 |
256 |
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(v) |
Banking sector's net non-monetary liabilities |
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other than time deposits |
67,110 |
51,346 |
661 |
-3,426 |
-15,764 |
-16,723 |
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of which : Net non-monetary liabilities of R.B.I. |
43,219 |
59,932 |
-776 |
8,579 |
16,713 |
16,169 |
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@ : 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 16.5 per cent. |