Appendix Table III.3 : Variations in Money Stock - आरबीआई - Reserve Bank of India
Appendix Table III.3 : Variations in Money Stock
(Amount in rupees crore) |
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Item |
Outstanding |
Variations |
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as on |
April-June |
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March 31, |
2002-03 |
2001-02 |
2003-04 |
2002-03 |
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2003 |
Absolute |
Per cent |
Absolute |
Per cent |
Absolute |
Per cent |
Absolute |
Per cent |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
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Broad Money (M3) |
17,25,222 |
2,26,868 |
15.1 |
1,85,135 |
14.1 |
80,736 |
4.7 |
1,11,121 |
7.4 |
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(C.1+C.2+C.3 = S.1+S.2+S.3+S.4-S.5) |
(16,95,551) |
(1,97,196) |
(13.2) |
(71,416) |
(4.8) |
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Components |
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C.1. |
Currency with the Public |
2,70,983 |
30,188 |
12.5 |
31,244 |
14.9 |
16,895 |
6.2 |
14,490 |
6.0 |
|
C.2. |
Aggregate Deposits with Banks (a+b) |
14,50,997 |
1,96,286 |
15.6 |
1,54,670 |
14.1 |
62,921 |
4.3 |
96,242 |
7.7 |
|
(14,21,326) |
(1,66,615) |
(13.3) |
(56,537) |
(4.5) |
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a) |
Demand Deposits |
1,98,602 |
19,403 |
10.8 |
12,929 |
7.8 |
9,498 |
4.8 |
3,594 |
2.0 |
|
b) |
Time Deposits |
12,52,396 |
1,76,884 |
16.4 |
1,41,741 |
15.2 |
53,423 |
4.3 |
92,648 |
8.6 |
|
(12,22,725) |
(1,47,213) |
(13.7) |
(52,943) |
(4.9) |
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C.3. |
‘Other’ Deposits with the RBI |
3,242 |
393 |
13.8 |
-780 |
-21.5 |
921 |
28.4 |
389 |
13.6 |
|
4,72,827 |
49,984 |
11.8 |
43,393 |
11.4 |
27,314 |
5.8 |
18,473 |
4.4 |
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Narrow Money (M1)(C.1+C.2(a)+C.3) |
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Sources |
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S.1. |
Net Bank Credit to |
6,78,059 |
88,494 |
15.0 |
77,610 |
15.2 |
35,001 |
5.2 |
45,290 |
7.7 |
|
Government (A+B) |
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A. |
Net RBI Credit to |
1,20,679 |
-31,499 |
-20.7 |
-1,699 |
-1.1 |
-4,451 |
-3.7 |
-4,212 |
-2.8 |
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Government (a+b) |
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a. Net RBI Credit to |
1,12,985 |
-28,399 |
-20.1 |
-5,150 |
-3.5 |
434 |
0.4 |
1,455 |
1.0 |
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Central Government |
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b. Net RBI Credit to |
7,695 |
-3,100 |
-28.7 |
3,451 |
47.0 |
-4,885 |
-63.5 |
-5,668 |
-52.5 |
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State Governments |
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B. |
Other Banks’ Credit to |
5,57,379 |
1,19,993 |
27.4 |
79,308 |
22.1 |
39,452 |
7.1 |
49,503 |
11.3 |
|
Government |
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S.2. |
Bank Credit to |
9,06,612 |
1,46,965 |
19.3 |
80,429 |
11.8 |
7,880 |
0.9 |
56,100 |
7.4 |
|
Commercial Sector (a+b) |
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a) |
RBI’s Credit to |
3,048 |
-2,880 |
-48.6 |
-7,358 |
-55.4 |
-73 |
-2.4 |
-3,010 |
-50.8 |
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Commercial Sector |
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b) |
Other Banks’ Credit to |
9,03,564 |
1,49,845 |
19.9 |
87,786 |
13.2 |
7,953 |
0.9 |
59,110 |
7.8 |
|
Commercial Sector |
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S.3. |
Net Foreign Exchange Assets of |
3,93,715 |
82,680 |
26.6 |
61,215 |
24.5 |
22,710 |
5.8 |
23,406 |
7.5 |
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Banking Sector (a+b) |
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a) |
RBI’s Net Foreign |
3,58,244 |
94,275 |
35.7 |
66,794 |
33.9 |
22,710 |
6.3 |
19,279 |
7.3 |
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Exchange Assets |
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b) |
Other Banks’ Net |
35,471 |
-11,595 |
-24.6 |
-5,579 |
-10.6 |
0 |
0.0 |
4,127 |
8.8 |
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Foreign Exchange Assets |
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S.4. |
Government’s Currency |
7,071 |
705 |
11.1 |
1,013 |
18.9 |
1 |
0.0 |
168 |
2.6 |
|
Liabilities to the Public |
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S.5. |
Banking Sector’s Net |
2,60,234 |
91,976 |
54.7 |
35,131 |
26.4 |
-15,143 |
-5.8 |
13,844 |
8.2 |
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Non-Monetary Liabilities (a+b) |
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a) |
Net Non-Monetary |
1,27,141 |
25,922 |
25.6 |
21,875 |
27.6 |
-419 |
-0.3 |
17,548 |
17.3 |
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Liabilities of RBI |
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b) |
Net Non-Monetary Liabilities |
1,33,093 |
66,055 |
98.5 |
13,257 |
24.6 |
-14,724 |
-11.1 |
-3,704 |
-5.5 |
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of Other Banks (residual) |
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Memo Items : Select Monetary Ratios |
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1. |
M3 Multiplier |
4.7 |
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2. |
Bankers’ Reserves to Aggregate |
6.5 |
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Deposits Ratio |
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3. |
Currency to Aggregate Deposits Ratio |
18.7 |
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Note : |