(Rs. crore)

Outstanding as on

Variation over

Item

Financial year so far

Year-on-year

1999

Fortnight

1998-99

1999-2000

1998

1999

Mar. 31#

Dec. 3#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

9,72,204*

10,67,124

4,039

0.4

97,842*

11.9

94,919*

9.8

1,51,090*

19.7

1,47,950*

16.1

(9.7)

(9.9)

(17.3)

(16.4)

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,69,382

1,88,805

-1,521

-0.8

15,775

10.8

19,422

11.5

15,484

10.6

27,451

17.0

(ii)

Demand deposits with banks

1,35,111

1,30,315

1,869

1.5

-3,457

-2.9

-4,796

-3.5

12,953

12.7

15,047

13.1

(iii)

Time deposits with banks@

6,63,890

7,44,689

3,667

0.5

85,585

15.5

80,799

12.2

1,22,416

23.7

1,05,616

16.5

(iv)

"Other" deposits with Reserve Bank

3,821

3,316

24

0.7

-61

-1.7

-505

-13.2

236

7.3

-164

-4.7

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

(i)

Net bank credit to Government (a+b)

3,87,151

4,37,771

3,715

0.9

51,069

15.4

50,620

13.1

59,718

18.5

56,105

14.7

(a) Reserve Bank

1,52,539

1,51,784

-5,186

-3.3

15,922

11.8

-755

-0.5

27,343

22.1

703

0.5

(b) Other Banks

2,34,612

2,85,987

8,901

3.2

35,148

18.0

51,374

21.9

32,374

16.3

55,402

24.0

(ii)

Bank credit to commercial sector (a+b)

4,90,363

5,21,300

444

0.1

16,512

3.8

30,936

6.3

60,272

15.5

71,478

15.9

(a) Reserve Bank

12,226

8,389

-1,699

-16.8

134

1.6

-3,837

-31.4

402

5.1

70

0.8

(b) Other Banks

4,78,138

5,12,911

2,142

0.4

16,378

3.9

34,773

7.3

59,870

15.7

71,408

16.2

(iii)

Net foreign exchange assets of banking sector

1,76,778

1,87,604

1,165

0.6

17,764

12.9

10,826

6.1

42,585

37.6

31,745

20.4

(iv)

Government's currency liabilities to the public

3,846

4,079

—

—

318

9.5

233

6.1

469

14.6

409

11.1

(v)

Banking sector's net non-monetary liabilities

other than time deposits

85,934

83,630

1,284

1.6

-12,179

-14.5

-2,304

-2.7

11,953

20.0

11,787

16.4

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

60,455

65,615

-934

-1.4

14,741

34.1

5,160

8.5

18,277

46.0

7,592

13.1

@:

Includes Rs. 17,945 crore on account of Resurgent India Bonds (RIBs), since August 28, 1998.

* :

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.

Note : Figures in brackets are percentage variations net of RIBs.