(4) Wherever it has not been possible to provide the data against the item ‘Other demand and time liabilities’ under ‘Liabilities to the Banking System’ separately, the same has been included in the item ‘Other demand and time liabilities’ under ‘Liabilities to others’.
(5) Data reflect redemption of India Millennium Deposits (IMDs) on December 29, 2005.
(6) Other than from the Reserve Bank of India, NABARD and Export-Import Bank of India.
(7) Figures relating to scheduled banks’ borrowings in India are those shown in the statement of affairs of the Reserve Bank of India. Borrowings against usance bills and/or promissory notes are under section 17(4) of the Reserve Bank of India Act, 1934.
(8) Includes borrowings by scheduled state co-operative banks under Section 17(4AA) of the Reserve Bank of India Act, 1934.
(9) As per the Statement of Affairs of the Reserve Bank of India.
(10) Advances granted by scheduled state co-operative banks to co-operative banks are excluded from this item but included under ‘Loans, cash-credits and overdrafts’.
(11) At book value; it includes treasury bills and treasury receipts, treasury savings certificates and postal obligations.
(12) Includes participation certificates (PCs) issued by scheduled commercial banks to other banks and financial institutions.
(13) Includes participation certificates (PCs) issued by scheduled commercial banks to others.
(14) Figures in brackets relate to advances of scheduled commercial banks for financing food procurement operations.
Table No. 6
(1) Total of demand and time deposits from ‘Others’.
(2) Includes borrowings from the Industrial Development Bank of India and National Bank for Agriculture and Rural Development.
(3) At book value; includes treasury bills and treasury receipts, treasury savings certificates and postal obligations.
(4) Total of ‘Loans, cash credits and overdrafts’ and ‘Bills purchased and discounted’.
(5) Includes advances of scheduled state co-operative banks to central co-operative banks and primary cooperative banks.
Table No. 7
With a view to enable the banks to meet any unanticipated additional demand for liquidity in the context of the century date change, a ‘Special Liquidity Support’ (SLS) facility was made available to all scheduled commercial banks (excluding RRBs) for a temporary period from December 1, 1999 to January 31, 2000.
(1) With effect from April 13,1996, banks are provided export credit refinance against their rupee export credit and post-shipment export credit denominated in U.S. Dollars taken together.
(2) General Refinance Facility was replaced by Collateralised Lending Facility (CLF)/Additional Collateralised Facility (ACLF) effective April 21, 1999. ACLF was withdrawn with the introduction of Liquidity Adjustment Facility (LAF), effective June 5, 2000. CLF was withdrawn completely effective October 5, 2002.
(3) Special Liquidity Support Facility which was introduced effective September 17, 1998 was available upto March 31, 1999.
(4) Post-shipment credit denominated in US dollars (PSCFC) scheme was withdrawn effective February 8, 1996 and the refinance facility there against was withdrawn effective April 13, 1996. The scheme of government securities refinance was terminated effective July 6, 1996.
Table No. 8
a) The data includes cheque clearing for both i.e. clearing houses managed by Reserve Bank of India and clearing houses managed by other banks. Paper based inter-bank clearing has been discontinueed
at all the centres, from last June, 2005.
The other MICR Centres are Agra, Allahabad, Amritsar, Aurangabad, Baroda, Bhilwara, Coimbatore, Cuttak, Dehradun, Ernakulam, Erode,Gorakhpur, Gwalior, Hubli, Indore, Jabalpur, Jalandhar, Jameshedpur, Jammu, Jodhpur, Kolhapur, Kozhikode, Lucknow, Ludhiana, Madurai, Mangalore, Mysore, Nasik, Panaji, Pondicherry, Pune, Raipur, Rajkot, Ranchi, Salem, Solapur, Surat, Thiruchirapalli, Tirupur, Thrissur, Udaipur, Varansi, Vijaywada and Vishakhapatnam.
b) Graphs: The graphs 3 and 4 on Paper and Electronic payments - the Electronic Payment System data include Retail Electronic Payment Systems, RTGS (customer and inter-bank) and CCIL operated systems.
c) Non MICR Data pertains to the Clearing Houses managed by 10 banks namely SBI (688), SBBJ (50), SB Indore (27), PNB (3), SBT (81), SBP (52), SBH (51), SBS (28), SBM (46) and United Bank of India (4). (Figures in bracket indicate Non MICR Cheque Clearing Houses managed by the bank).
d) The other MICR Centres includes 44 centres managed by 13 PSBs namely Andhra Bank, Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Corporation Bank, Oriental Bank of Commerce, Punjab National Bank, State Bank of India, State Bank of Indore, State Bank of Travancore, State Bank of Hyderabad and Union Bank of India.
Table No. 9A
The data pertains to retail electronic payment.
Table No. 9B
The data pertains to Large Value Payment Systems. The figures for CCIL, the operations pertains to selected services, are taken from the CCIL published data.
Table No. 10
(a) For details of money stock measures according to the revised series, reference may be made to January 1977 issue of this Bulletin (pages 70-134).
(b) Banks include commercial and co-operative banks.
(c) Financial year data relate to March 31, except scheduled commercial banks’ data which relate to the last reporting Friday of March. For details, see the note on page S 963 of October 1991 issue of this Bulletin.
(d) Scheduled commercial banks’ time deposits reflect redemption of Resurgent India Bonds (RIBs), since October 1, 2003 and of India Millennium Deposits (IMDs) since December 29, 2005.
(e) Data are provisional.
(1) Net of return of about Rs.43 crore of Indian notes from Pakistan upto April 1985.
(2) Estimated : ten-rupee commemorative coins issued since October 1969, two-rupee coins issued since November 1982 and five-rupee coins issued since November 1985 are included under rupee coins.
(3) Exclude balances held in IMF Account No.1, Reserve Bank of India Employees’ Provident Fund, Pension Fund, Gratuity and Superannuation Fund and Co-operative Guarantee Fund, the amount collected under the Additional Emoluments (Compulsory Deposit) Act, 1974 and the Compulsory Deposit Scheme (Income-Tax Payers’) Act.
(f) Revised in line with the new accounting standards and consistent with the Methodology of Compilation (June 1998). The revision is in respect of pension and provident funds with commercial banks which are classified as other demand and time liabilities and includes those banks which have reported such changes so far.
Table Nos. 11 & 13
(a) On the establishment of National Bank for Agriculture and Rural Development (NABARD), on July 12, 1982, certain assets and liabilities of the Reserve Bank were transferred to NABARD, necessitating some reclassification of aggregates in the sources of money stock from that date.
(b) Please see item (c) of notes to Table 10.
(c) Data are provisional.
(1) Includes special securities and also includes Rs.751.64 crore (equivalent of SDRs 211.95 million) incurred on account of Reserve Assets subscription to the IMF towards the quota increase effective December 11, 1992.
(2) Represents investments in bonds/shares of financial institutions, loans to them and holdings of internal bills purchased and discounted. Excludes since the establishment of NABARD, its refinance to banks.
(3) Inclusive of appreciation in the value of gold following its revaluation close to international market price effective October 17, 1990. Such appreciation has a corresponding effect on Reserve Bank’s net non-monetary liabilities.
Table No. 11A
The conceptual basis of the compilation of the Commercial Bank Survey are available in the report of the Working Group on Money Supply: Analytics and Methodology of Compilation (Chairman: Dr. Y.V. Reddy), RBI Bulletin, July 1998, which recommended changes in the reporting system of commercial banks and the article entitled “New Monetary Aggregates: An Introduction”, RBI Bulletin, October 1999.
(1) Time Deposits of Residents : These do not reckon non-residents’ foreign currency repatriable fixed deposits (such as FCNR(B) deposits, Resurgent India Bonds (RIBs) and India Millennium Deposits (IMDs)) based on the residency criterion and exclude banks’ pension and provident funds because they are in the nature of other liabilities and are included under ‘other demand and time liabilities’.
(2) Short-term Time Deposits : Refers to contractual maturity of time deposits of up to and including one year. This is presently estimated at 45.0 per cent of total domestic time deposits.
(3) Domestic Credit : It includes investments of banks in non-SLR securities, comprising commercial paper, shares and bonds issued by the public sector undertakings, private sector and public financial institutions and net lending to primary dealers in the call/term money market, apart from investment in government and other approved securities and conventional bank credit (by way of loans, cash credit, overdrafts and bills purchased and discounted).
(4) Net Foreign Currency Assets of Commercial Banks : Represent their gross foreign currency assets netted for foreign currency liabilities to non-residents.
(5) Capital Account : It consists of paid-up capital and reserves.
(6) Other Items (net) : It is the residual balancing the components and sources of the Commercial Banking Survey and includes scheduled commercial banks’ other demand and time liabilities, net branch adjustments, net inter-bank liabilities etc.
Table No. 11B
The conceptual basis of the compilation of new monetary aggregates are available in the report of the Working Group on Money Supply: Analytics and Methodology of Compilation (Chairman: Dr. Y.V. Reddy), RBI Bulletin, July 1998. A link series between the old and present monetary series has been published in the article entitled “New Monetary Aggregates: An Introduction”, RBI Bulletin, October 1999.
(1) NM2 and NM3 : Based on the residency concept and hence does not directly reckon non-resident foreign currency repatriable fixed deposits in the form of FCNR(B) deposits, Resurgent India Bonds (RIBs) and India Millennium Deposits (IMDs).
(2) NM2 : This includes M1 and residents’ short-term time deposits (including and up to the contractual maturity of one year) with commercial banks.
(3) Domestic Credit : Consistent with the new definition of bank credit which includes investments of banks in non-SLR securities, comprising of commercial paper, shares and bonds issued by the public sector undertakings, private sector and public financial institutions and net lending to primary dealers in the call/term money market. The RBI’s loans and advances to NABARD would be included in the RBI credit to commercial sector. Other components such as credit to Government, investments in other approved securities and conventional bank credit remain unchanged.
(4) Net Foreign Assets of The Banking Sector : It comprises the RBI’s net foreign assets and scheduled commercial banks’ net foreign currency assets (refer to note 4 of Table 11A).
(5) Capital Account : It consists of paid-up capital and reserves.
(6) Other Items (net) of the Banking System : It is the residual balancing the components and sources of money stock, representing other demand and time liabilities etc. of the banking system.
Table No. 11C
The conceptual basis of the compilation of the Reserve Bank Survey is given in the report of the Working Group on Money Supply: Analytics and Methodology of Compilation (Chairman: Dr. Y.V. Reddy), RBI Bulletin, July 1998 and the article “New Monetary Aggregates: An Introduction”, RBI Bulletin, October 1999. The components of reserve money (to be referred as M0)remain unchanged. On the sources side, the RBI’s refinance to the National Bank for Agriculture and Rural Development (NABARD), which was hitherto part of RBI’s claims on banks has been classified as part of RBI credit to commercial sector. The Reserve Bank’s net non-monetary liabilities are classified into capital account (comprising capital and reserves) and other items (net).
Table No. 12
Please see item (c) of notes to Table 10.
Table No. 27C
(a) Month-end yields for different integer valued residual maturities are estimated using interpolation technique on weighted average yields of select indicative securities derived from SGL transactions data on government securities observed during a select month-end day. Yield corresponding to each transaction in a security is calculated from the following Yield to Maturity (YTM) and price relationship.