7. Money Stock : Components and Sources
82553038
(Rs. crore)
Outstanding as on
Variation over
Financial year so far
Year-on-year
2000
2001
Fortnight
1999-2000
2000-2001
2000
2001
Item
Mar. 31#
Feb. 23#
Amount
%
Amount
%
Amount
%
Amount
%
Amount
%
1
2
3
4
5
6
7
8
9
10
11
12
13
M3
11,17,202
12,81,909
3,220
0.3
1,30,231*
13.3
1,64,708
14.7
1,60,053*
16.8
1,70,659
15.4
(12.4)
(13.0)
Components (i+ii+iii+iv)
(i)
Currency with the Public
1,88,705
2,08,083
2,055
1.0
22,545
13.3
19,378
10.3
23,480
14.0
16,594
8.7
(ii)
Demand deposits with banks
1,48,806
1,55,195
2,276
1.5
7,358
5.4
6,389
4.3
24,678
20.7
11,449
8.0
(iii)
Time deposits with banks@
7,76,581
9,15,697
2,660
0.3
1,01,463
15.1
1,39,116
17.9
1,12,402
17.0
1,42,342
18.4
(iv)
"Other" deposits with Reserve Bank
3,109
2,934
339
13.1
1,135
29.9
175
5.6
506 16.0
273
10.3
Sources (i+ii+iii+iv-v)
(i)
Net Bank credit to Government sector (a+b)
4,41,754
5,01,344
1,506
0.3
51,328
13.3
59,590
13.5
50,798
13.1
63,339
14.5
(a) Reserve Bank
1,48,264
1,52,367
1,688
1.1
4,297
2.8
4,103
2.8
6,127
4.0
4,125
2.8
(b) Other Banks
2,93,490
3,48,977
3,195
0.9
55,625
23.8
55,487
18.9
56,925
24.4
59,214
20.4
(ii)
Bank credit to commercial sector (a+b)
5,78,538
6,56,125
5,325
0.8
69,682
14.0
77,588
13.4
91,436
19.3
90,454
16.0
(a) Reserve Bank
15,270
11,371
199
1.8
1,061
8.7
3,898
25.5
4,782
56.2
1,915
14.4
(b) Other Banks
5,63,268
6,44,754
5,126
0.8
68,621
14.2
81,486
14.5
86,653
18.6
92,369
16.7
(iii)
Net foreign exchange assets of banking sector
2,05,648
2,41,654
1,033
0.4
13,841
7.8
36,006
17.5
21,621
12.7
49,959
26.1
(iv)
Government's currency liabilities to the public
4,262
4,905
682
17.7
644
15.1
733
19.3
377
8.3
(v)
Banking sector's net non-monetary liabilities
other than time deposits
1,13,000
1,22,119
4,645
4.0
5,302
6.4
9,119
8.1
4,535
5.4
33,470
37.8
of which : Net non-monetary liabilities of R.B.I.
70,147
82,287
749
0.9
9,299
15.4
12,139
17.3
9,791
16.3
12,506
17.9
* : 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. @ : 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 parentheses are net of IMDs.