7. Money Stock : Components and Sources - आरबीआई - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) | |||||||||||
Outstanding as on | Variation over | ||||||||||
Item | Financial year so far | ||||||||||
1998 | 1999 | Fortnight | 1997-98 | 1998-99 | Year | ||||||
Mar. 31# | Jan. 29# | Amount | % | Amount | % | Amount | % | Amount | % | ||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | |
M3 | 8,25,389 | 9,37,481 | 2,814 | 0.3 | 79,832 | 11.4 | 1,12,091 | 13.6 | 1,55,801 | 19.9 | |
Components (i+ii+iii+iv) | |||||||||||
(i) | Currency with the Public | 1,45,182 | 1,65,046 | -2,110 | -1.3 | 11,217 | 8.5 | 19,864 | 13.7 | 21,742 | 15.2 |
(ii) | Demand deposits with banks | 1,18,435 | 1,18,051 | 2,035 | 1.8 | -1,349 | -1.3 | -385 | -0.3 | 14,065 | 13.5 |
(iii) | Time deposits with banks | 5,58,167 | 6,51,252 @ | 3,102 | 0.5 | 69,669 | 15.1 | 93,085 | 16.7 | 1,20,350 | 22.7 |
(iv) | "Other" deposits with Reserve Bank | 3,604 | 3,132 | -212 | 295 | -472 | -357 | ||||
Sources (i+ii+iii+iv-v) | |||||||||||
(i) | Net bank credit to Government (a+b) | 3,30,619 | 3,82,688 | 52 | | 29,983 | 10.4 | 52,068 | 15.7 | 64,085 | 20.1 |
(a) Reserve Bank | 1,35,160 | 1,51,796 | -1,444 | 6,388 | 16,636 | 21,226 | |||||
(b) Other Banks | 1,95,460 | 2,30,892 | 1,496 | 23,595 | 35,432 | 42,858 | |||||
(ii) | Bank credit to commercial sector (a+b) | 4,32,190 | 4,62,443 | -3,345 | -0.7 | 35,834 | 9.5 | 30,253 | 7.0 | 50,302 | 12.2 |
(a) Reserve Bank | 8,186 | 8,401 | -4,185 | 1,558 | 215 | 596 | |||||
(b) Other Banks | 4,24,004 | 4,54,042 | 839 | 34,276 | 30,038 | 49,706 | |||||
(iii) | Net foreign exchange assets of banking sector | 1,26,569 | 1,39,985 | 207 | 0.1 | 13,331 | 12.6 | 13,416 | 10.6 | 21,158 | 17.8 |
(iv) | Gover nment's currency liabilities to the public | 3,120 | 3,561 | | 312 | 441 | 331 | ||||
(v) | Banking sector's net non-monetary liabilities | ||||||||||
other than time deposits | 67,110 | 51,196 | -5,901 | -372 | -15,913 | -19,926 | |||||
of which : Net non-monetary liabilities of R.B.I. | 43,219 | 60,779 | -398 | 7,144 | 17,561 | 18,451 | |||||
@ : 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 17.6 per cent. |