(Rs. crore)

Outstanding

Variation over

as on

Item

Financial year so far

1998

1999

Fortnight

1997-98

1998-99

Year

Mar. 31#

Jan. 15#

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

M₃

8,25,389

9,34,666

8,703

0.9

78,507

11.2

1,09,277

13.2

1,54,311

19.8

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,45,182

1,67,155

6,727

4.2

13,207

10.0

21,973

15.1

21,862

15.0

(ii)

Demand deposits with banks

1,18,435

1,16,016

-600

-0.5

-2,497

-2.4

-2,419

-2.0

13,179

12.8

(iii)

Time deposits with banks

5,58,167

6,48,150 @

2,695

0.4

67,099

14.5

89,983

16.1

1,19,818

22.7

(iv)

"Other" deposits with Reserve Bank

3,604

3,344

-119

698

-260

-547

Sources (i+ii+iii+iv-v)

(i)

Net bank credit to Government (a+b)

3,30,619

3,82,636

2,514

0.7

30,493

10.6

52,017

15.7

63,523

19.9

(a) Reserve Bank

1,35,160

1,53,240

2,722

3,164

18,080

25,895

(b) Other Banks

1,95,460

2,29,396

-207

27,329

33,937

37,628

(ii)

Bank credit to commercial sector (a+b)

4,32,190

4,65,788

9,812

2.2

27,843

7.4

33,598

7.8

61,638

15.3

(a) Reserve Bank

8,186

12,585

4,228

1,574

4,400

4,764

(b) Other Banks

4,24,004

4,53,203

5,584

26,269

29,199

56,874

(iii)

Net foreign exchange assets of banking sector1,26,569

1,39,778

1,680

1.2

12,893

12.2

13,209

10.4

21,389

18.1

(iv)

Government's currency liabilities to the public

3,120

3,561

-

311

441

332

(v)

Banking sector's net non-monetary liabilities

other than time deposits

67,110

57,097

5,303

-6,967

-10,012

-7,429

of which : Net non-monetary liabilities of R.B.I.

43,219

61,177

2,476

10,340

17,959

15,654

@ :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 17.5 per cent.