7. Money Stock : Components and Sources - आरबीआय - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) |
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Outstanding |
Variation over |
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as on |
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Item |
Financial year so far |
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1999 |
Fortnight |
1998-99 |
1999-2000 |
Year |
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|
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Mar. 31# |
July 16# |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
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|
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
|
M3 |
9,66,149 * |
10,16,401 |
2,422 |
0.2 |
37,653 * |
4.6 |
50,252 * |
5.2 |
1,58,464 * |
18.5 |
|
Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
1,70,119 |
1,82,878 |
704 |
0.4 |
9,272 |
6.4 |
12,759 |
7.5 |
27,602 |
17.8 |
(ii) |
Demand deposits with banks |
1,30,267 |
1,27,231 |
-336 |
-0.3 |
-4,174 |
-3.5 |
-3,036 |
-2.3 |
13,469 |
11.8 |
(iii) |
Time deposits with banks |
6,61,952 |
7,01,407@ |
2,515 |
0.4 |
31,601 |
5.7 |
39,455 |
6.0 |
1,17,003 |
20.0 |
(iv) |
"Other" deposits with Reserve Bank |
3,812 |
4,885 |
-461 |
-8.6 |
954 |
27.0 |
1,073 |
28.1 |
390 |
8.7 |
Sources (i+ii+iii+iv-v) |
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(i) |
Net bank credit to Government (a+b) |
3,86,672 |
4,19,192 |
3,355 |
0.8 |
37,189 |
11.2 |
32,520 |
8.4 |
51,412 |
14.0 |
(a) Reserve Bank |
1,52,539 |
1,58,998 |
1,219 |
0.8 |
18,553 |
13.7 |
6,459 |
4.2 |
5,286 |
3.4 |
|
(b) Other Banks |
2,34,133 |
2,60,194 |
2,135 |
0.8 |
18,636 |
9.5 |
26,061 |
11.1 |
46,126 |
21.5 |
|
(ii) |
Bank credit to commercial sector (a+b) |
4,86,942 |
4,98,379 |
4,040 |
0.8 |
1,381 |
0.3 |
11,436 |
2.3 |
64,259 |
14.8 |
(a) Reserve Bank |
12,226 |
11,846 |
860 |
7.8 |
245 |
3.0 |
-380 |
-3.1 |
3,415 |
40.5 |
|
(b) Other Banks |
4,74,717 |
4,86,533 |
3,180 |
0.7 |
1,136 |
0.3 |
11,816 |
2.5 |
60,844 |
14.3 |
|
(iii) |
Net foreign exchange assets of banking sector |
1,48,633 |
1,53,205 |
-643 |
-0.4 |
-752 |
-0.6 |
4,572 |
3.1 |
27,387 |
21.8 |
(iv) |
Government's currency liabilities to the public |
3,705 |
3,846 |
|
|
130 |
3.9 |
141 |
3.8 |
364 |
10.5 |
(v) |
Banking sector's net non-monetary liabilities |
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other than time deposits |
59,803 |
58,220 |
4,329 |
8.0 |
294 |
0.4 |
-1,582 |
-2.6 |
-15,042 |
-20.5 |
|
of which : Net non-monetary liabilities of R.B.I. |
60,464 |
64,626 |
-411 |
-0.6 |
15,635 |
36.1 |
4,162 |
6.9 |
5,709 |
9.7 |
|
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@ : |
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 16.4 per cent. |
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* : |
Revised in line with the new accounting standards and consistent with the methodology suggested by the Working Group on Money Supply: Analytics and 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. |