1. Reserve Bank of India - Liabilities and Assets

2002

2003

Variation

Item

Sep. 27

Sep. 19

Sep. 26#

Week

Year

1

2

3

4

5

6

Loans and advances

Central Government

—

—

—

—

—

State Governments

4,783

3,449

3,340

–109

–1,443

(1) Includes foreign securities, balances held abroad and investments in foreign shares/bonds. (2) Effective October 17, 1990, gold is valued close to international market price. (3) Excludes investments in foreign shares and bonds and in Government of India rupee securities.

2. Foreign Exchange Reserves

Variation over

Item

As on Sep. 26,
2003

Week

End-March
2003

End-December
2002

Year

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

1

2

3

4

5

6

7

8

9

10

11

Total Reserves

4,09,736

89,327

3,029

771

51,456

13,899

71,387

18,882

1,06,253

26,606

of which :

(a)Foreign Currency Assets

3,92,662

85,603

3,029

771*

51,186

13,713

70,888

18,609

1,04,789

26,100

(b)Gold

17,058

3,720

—

—

273

186

516

276

1,495

512

(c)SDRs

16

4

—

—

–3

—

–17

–3

–31

–6

Memo Item : RTP**

5,467

1,192

58

14

2,277

520

2,286

530

2,349

548

*

: Foreign currency assets expressed in US dollar terms include the effect of appreciation/depreciation of non-US currencies (such as Euro, Sterling, Yen) held in reserves. For details, please refer to the Current Statistics section of the RBI Bulletin.

**

: Foreign exchange reserves do not include India's Reserve Tranche Position (RTP) with the International Monetary Fund (IMF). RTP may change, from time to time, due to India's transactions under the Financial Transaction Plan with the IMF as well as changes in SDR exchange rates vis-a-vis rupee and US dollar.

3. Scheduled Commercial Banks - Business in India

(Rs. crore)

Outstanding

Variation over

as on 2003

Financial year so far

Year-on-year

Item

Sep. 19#

Fortnight

2002-2003

2003-2004

2002

2003

1

2

3

4

5

6

7

Liabilities to Others

Aggregate deposits @

13,77,334

2,961

1,24,331

96,480

1,88,028

1,49,643

(0.2)

(11.3)

(7.5)

(18.1)

(12.2)

[11.7]

[7.8]

[18.9]

[12.6]

Demand

1,75,273

–3,119

182

4,984

14,668

22,043

Time @

12,02,060

6,080

1,24,149

91,496

1,73,360

1,27,600

Bank Credit

7,35,546

2,642

71,396

6,331

1,31,132

74,428

(0.4)

(12.1)

(0.9)

(24.7)

(11.3)

Food Credit

37,465

–4,141

–616

–12,014

5,101

–15,897

Non-food credit

6,98,081

6,783

72,011

18,345

1,26,031

90,325

@ : Includes Rs.17,945 crore on account of proceeds from Resurgent India Bonds (RIBs), since August 28, 1998 and Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Figures in italics are percentage variations net of RIBs and IMDs as the case may be.
Note: Includes the impact of mergers since May 3, 2002

7. Money Stock : Components and Sources

(Rs. crore)

Outstanding

Variation over

as on

Financial year so far

Year-on-year

2003

Fortnight

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

Sep. 19#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,37,660

2,034

0.1

1,43,132

9.6

1,12,437

6.5

2,33,581

16.6

1,96,173

12.0

[16,95,551]

[1,06,000]

[7.1]

[1,96,449]

[14.0]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,83,472

–1,809

–0.6

10,153

4.2

12,489

4.6

32,469

14.9

32,525

13.0

(ii)

Demand deposits with banks

1,98,602

2,02,933

–3,117

–1.5

–747

–0.4

4,331

2.2

16,318

10.1

24,481

13.7

(iii)

Time deposits with banks @

12,52,396

13,46,782

6,741

0.5

1,33,097

12.4

94,386

7.5

1,84,633

18.0

1,38,173

11.4

[12,22,725]

[95,965]

[8.9]

[1,47,501]

[14.4]

(iv)

"Other" deposits with Reserve Bank

3,242

4,474

219

5.1

630

22.1

1,231

38.0

161

4.8

995

28.6

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,08,258

–8,696

–1.2

45,238

7.7

30,199

4.5

73,979

13.2

73,456

11.6

(a) Reserve Bank

1,20,679

63,082

–10,017

–13.7

–23,991

–15.8

–57,597

–47.7

–23,843

–15.7

–65,105

–50.8

(b) Other Banks

5,57,379

6,45,176

1,320

0.2

69,229

15.8

87,796

15.8

97,822

23.9

1,38,560

27.4

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,17,514

3,301

0.4

69,770

9.2

10,903

1.2

1,31,358

18.8

88,098

10.6

(a) Reserve Bank

3,048

3,014

36

1.2

–3,002

–50.6

–35

–1.1

–7,575

–72.1

87

3.0

(b) Other Banks

9,03,564

9,14,501

3,265

0.4

72,772

9.7

10,937

1.2

1,38,933

20.2

88,011

    10.6

@ : Includes Rs.17,945 crore on account of proceeds from Resurgent India Bonds (RIBs), since August 28, 1998 and Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000.
Figures in [ ] exclude the impact of mergers since May 3, 2002.