Money Stock : Components and Sources

दिनांक: दिसंबर 09, 2011

(` crore)
Item	Outstanding as on		Variation over
	2011		Fortnight		Financial Year so far				Year-on-Year
	2011		Fortnight		2010-2011		2011-2012		2010		2011
	Mar. 31 #	Nov. 18 #	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
	1	2	3	4	5	6	7	8	9	10	11	12
M₃	64,99,548	70,13,674	3,113	—	4,87,867	8.7	5,14,125	7.9	8,60,005	16.4	9,23,075	15.2
Components (i+ii+iii+iv)
(i) Currency with the Public	9,14,197	9,77,384	9,333	1.0	1,04,274	13.6	63,187	6.9	1,48,151	20.5	1,05,617	12.1
(ii) Demand Deposits with Banks	7,17,660	6,38,474	–5,583	–0.9	–7,226	–1.0	–79,185	–11.0	1,29,773	22.3	–72,269	–10.2
(iii) Time Deposits with Banks	48,63,979	53,96,693	–452	—	3,91,099	9.5	5,32,714	11.0	5,83,303	14.9	8,92,164	19.8
(iv) 'Other' Deposits with Reserve Bank	3,713	1,123	–186	–14.2	–279	–7.3	–2,590	-69.8	–1,222	–25.6	–2,437	–68.5
Sources (i+ii+iii+iv-v)
(i) Net Bank Credit to Government (a+b)	19,82,771	22,12,915	20,071	0.9	1,51,676	9.1	2,30,144	11.6	3,19,755	21.3	3,92,053	21.5
(a) Reserve Bank	3,96,555	4,16,903	36,725		47,928		20,348		1,87,185		1,57,390
(b) Other Banks	15,86,216	17,96,012	–16,654	–0.9	1,03,748	7.1	2,09,796	13.2	1,32,570	9.3	2,34,663	15.0
(ii) Bank Credit to Commercial Sector (a+b)	42,35,406	44,86,142	9,444	0.2	3,46,568	9.9	2,50,735	5.9	7,00,317	22.3	6,48,164	16.9
(a) Reserve Bank	2,164	1,908	586	—	244	—	–256	—	–3,824	—	336	—
(b) Other Banks	42,33,242	44,84,233	8,859	0.2	3,46,324	9.9	2,50,991	5.9	7,04,141	22.5	6,47,828	16.9
(iii) Net Foreign Exchange Assets of Banking Sector*	13,93,327	15,84,738	32,960	2.1	97,851	7.6	1,91,411	13.7	27,479	2.0	2,05,419	14.9
(iv) Government's Currency Liabilities to the Public	12,724	13,312	—	—	984	8.7	587	4.6	1,522	14.2	1,058	8.6
(v) Banking Sector's Net Non-monetary Liabilities	11,24,680	12,83,433	59,363	4.8	1,09,212	12.8	1,58,752	14.1	1,89,069	24.5	3,23,619	33.7
of which:
Net Non-monetary Liabilities of RBI	3,68,274	5,77,475	46,691	8.8	60,247	20.0	2,09,201	56.8	–26,655	–6.9	2,15,613	59.6
* Includes investments in foreign currency denominated bonds issued by IIFC(UK) since March 20, 2009. Note: Government balances as on March 31, 2011 are after closure of accounts.