(Rs. crore)
		Outstanding			Variation over
		as on					Financial year so far				Year-on-year
		2003		2004	Fortnight		2002-2003		2003-2004		2003		2004
	Item	Mar. 31#	Jan.9#		Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
1		2	3		4	5	6	7	8	9	10	11	12	13
M3		17,25,222	19,20,988		21,918	1.2	1,94,807	13.0	1,95,765	11.3	2,34,883	16.1	2,27,825	13.5
		[16,95,551]					[1,62,186]	[10.8]			[2,02,262]	[13.9]
Components (i+ii+iii+iv)
(i)	Currency with the Public	2,70,983	3,05,277		4,276	1.4	25,530	10.6	34,294	12.7	31,276	13.3	38,952	14.6
(ii)	Demand deposits with banks	1,98,602	2,23,063		2,102	1.0	4,792	2.7	24,461	12.3	19,567	11.9	39,072	21.2
(iii)	Time deposits with banks @	12,52,396	13,88,644		15,917	1.2	1,64,599	15.3	1,36,248	10.9	1,83,729	17.4	1,48,533	12.0
		[12,22,725]					[1,31,978]	[12.3]			[1,51,108]	[14.3]
(iv)	"Other" deposits with Reserve Bank	3,242	4,004		–377	–8.6	–114	–4.0	762	23.5	312	12.9	1,269	46.4
Sources (i+ii+iii+iv-v)
(i)	Net Bank credit to Government (a+b)	6,78,059	7,23,457		7,619	1.1	60,504	10.3	45,398	6.7	67,435	11.6	73,389	11.3
	(a) Reserve Bank	1,20,679	48,161		–2,415	–4.8	–31,968	–21.0	–72,518	–60.1	–31,548	–20.8	–72,049	–59.9
	(b) Other Banks	5,57,379	6,75,296		10,034	1.5	92,472	21.1	1,17,916	21.2	98,983	23.0	1,45,437	27.4
(ii)	Bank credit to commercial sector (a+b)	9,06,612	9,73,756		11,577	1.2	1,05,974	14.0	67,144	7.4	1,32,073	18.0	1,08,134	12.5
	(a) Reserve Bank	3,048	2,156		77	3.7	–2,927	–49.4	–892	–29.3	–4,608	–60.6	–845	–28.2
	(b) Other Banks	9,03,564	9,71,599		11,500	1.2	1,08,901	14.4	68,036	7.5	1,36,681	18.8	1,08,980	12.6
(iii)	Net foreign exchange assets of banking sector	3,93,715	5,05,298		13,811	2.8	72,113	23.2	1,11,583	28.3	95,632	33.3	1,22,151	31.9
(iv)	Government's currency liabilities to the public	7,071	7,240		—	—	581	9.1	169	2.4	870	14.3	293	4.2
(v)	Banking sector's net non-monetary liabilities
	other than time deposits	2,60,234	2,88,763		11,089	4.0	44,365	26.4	28,529	11.0	61,127	40.3	76,141	35.8
	of which : Net non-monetary liabilities of RBI	1,27,141	1,37,638		7,698	5.9	23,824	23.5	10,497	8.3	24,804	24.7	12,594	10.1
@ : Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Data also reflect redemption of Resurgent India Bonds (RIBs) of Rs.22,693 crore, since October 1, 2003. Figures in [ ] exclude the impact of mergers since May 3, 2002.