7. Money Stock : Components and Sources - आरबीआय - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) | |||||||||||||
Outstanding as on | Variation over | ||||||||||||
Financial year so far | Year-on-year | ||||||||||||
2004 | Fortnight | ||||||||||||
2003-2004 | 2004-2005 | 2003 | 2004 | ||||||||||
Item | Mar. 31# | Nov. 12# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
20,03,102 | 21,32,680 | –2,851 | –0.1 | 1,54,115 | 9.0 | 1,29,577 | 6.5 | 1,98,212 | 11.8 | 2,60,605 | 13.9 | ||
M3 | |||||||||||||
(21,29,111) | (1,26,008) | (6.3) | (2,57,036) | (13.7) | |||||||||
Components (i+ii+iii+iv) | |||||||||||||
(i) | Currency with the Public | 3,15,493 | 3,47,810 | 17,094 | 5.2 | 27,743 | 10.2 | 32,317 | 10.2 | 34,710 | 13.1 | 48,486 | 16.2 |
(ii) | Demand deposits with banks | 2,56,039 | 2,56,548 | –20,263 | –7.3 | 11,942 | 6.0 | 509 | 0.2 | 29,958 | 16.6 | 45,849 | 21.8 |
(iii) | Time deposits with banks @ | 14,26,451 | 15,21,667 | 32 | — | 1,14,393 | 9.2 | 95,216 | 6.7 | 1,33,868 | 10.9 | 1,62,896 | 12.0 |
(15,18,098) | (91,647) | (6.4) | (1,59,327) | (11.8) | |||||||||
(iv) | "Other" deposits with Reserve Bank | 5,119 | 6,654 | 287 | 4.5 | 37 | 1.1 | 1,535 | 30.0 | –323 | –9.0 | 3,374 | 102.9 |
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net Bank credit to Government (a+b) | 7,45,499 | 7,48,258 | –7,297 | –1.0 | 48,257 | 7.1 | 2,759 | 0.4 | 76,236 | 11.8 | 23,478 | 3.2 |
(7,36,065) | (–9,434) | (–1.3) | (11,285) | (1.6) | |||||||||
(a) Reserve Bank | 44,907 | 30,737 | 8,183 | 36.3 | –56,326 | –46.7 | –14,170 | –31.6 | –66,586 | –50.9 | –33,616 | –52.2 | |
(b) Other Banks | 7,00,591 | 7,17,521 | –15,480 | –2.1 | 1,04,584 | 18.8 | 16,929 | 2.4 | 1,42,822 | 27.6 | 57,094 | 8.6 | |
(ii) | Bank credit to commercial sector (a+b) | 10,17,902 | 11,78,205 | 7,613 | 0.7 | 39,223 | 4.4 | 1,60,303 | 15.7 | 92,747 | 11.0 | 2,40,002 | 25.6 |
(11,45,523) | (1,27,621) | (12.5) | (2,07,320) | (22.1) | |||||||||
(a) Reserve Bank | 2,061 | 2,409 | 520 | 27.5 | –973 | –31.9 | 348 | 16.9 | –889 | –30.0 | 334 | 16.1 | |
(b) Other Banks | 10,15,841 | 11,75,796 | 7,093 | 0.6 | 40,196 | 4.5 | 1,59,955 | 15.7 | 93,636 | 11.1 | 2,39,668 | 25.6 | |
(iii) | Net foreign exchange assets of banking sector | 5,26,586 | 5,94,593 | 7,457 | 1.3 | 63,890 | 16.2 | 68,007 | 12.9 | 92,950 | 25.5 | 1,36,988 | 29.9 |
(iv) | Government's currency liabilities to the public | 7,296 | 7,339 | — | — | 181 | 2.6 | 44 | 0.6 | 401 | 5.9 | 87 | 1.2 |
(v) | Banking sector's net non-monetary liabilities | ||||||||||||
other than time deposits | 2,94,181 | 3,95,716 | 10,623 | 2.8 | –2,564 | –1.0 | 1,01,535 | 34.5 | 64,121 | 33.5 | 1,39,950 | 54.7 | |
of which : Net non-monetary liabilities of RBI | 1,07,585 | 1,38,988 | 2,169 | 1.6 | –8,661 | –6.8 | 31,404 | 29.2 | 3,393 | 2.9 | 20,508 | 17.3 | |
@: Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. |