7. Money Stock : Components and Sources - आरबीआय - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) | |||||||||||
Outstanding | Variation over | ||||||||||
as on | |||||||||||
Item | Financial year so far | ||||||||||
1999 | Fortnight | 1998-99 | 1999-2000 | Year | |||||||
Mar. 31# | May 21# | Amount | % | Amount | % | Amount | % | Amount | % | ||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | |
M3 | 9,74,328 | 10,00,657 | 1,671 | 0.2 | 21,966 | 2.7 | 26,329 | 2.7 | 1,51,482 | 17.8 | |
Components (i+ii+iii+iv) | |||||||||||
(i) | Currency with the Public | 1,70,119 | 1,85,329 | -340 | -0.2 | 13,483 | 9.2 | 15,210 | 8.9 | 25,842 | 16.2 |
(ii) | Demand deposits with banks | 1,30,267 | 1,25,518 | 133 | 0.1 | -6,066 | -5.1 | -4,749 | -3.6 | 13,648 | 12.2 |
(iii) | Time deposits with banks | 6,70,130 | 6,86,788@ | 1,921 | 0.3 | 15,613 | 2.8 | 16,658 | 2.5 | 1,11,447 | 19.4 |
(iv) | "Other" deposits with Reserve Bank | 3,812 | 3,022 | -43 | -1.4 | -1,063 | -30.0 | -790 | -20.7 | 545 | 22.0 |
Sources (i+ii+iii+iv-v) | |||||||||||
(i) | Net bank credit to Government (a+b) | 3,86,672 | 4,04,847 | -687 | -0.2 | 17,598 | 5.3 | 18,175 | 4.7 | 56,657 | 16.3 |
(a) Reserve Bank | 1,52,539 | 1,55,179 | -2,924 | -1.8 | 6,952 | 5.1 | 2,640 | 1.7 | 13,067 | 9.2 | |
(b) Other Banks | 2,34,133 | 2,49,668 | 2,238 | 0.9 | 10,646 | 5.4 | 15,535 | 6.6 | 43,591 | 21.2 | |
(ii) | Bank credit to commercial sector (a+b) | 4,86,942 | 4,88,564 | -2,771 | -0.6 | -2,538 | -0.6 | 1,622 | 0.3 | 58,365 | 13.6 |
(a) Reserve Bank | 12,226 | 10,200 | -2,296 | -18.4 | 182 | 2.2 | -2,025 | -16.6 | 1,833 | 21.9 | |
(b) Other Banks | 4,74,717 | 4,78,364 | -475 | -0.1 | -2,720 | -0.6 | 3,647 | 0.8 | 56,531 | 13.4 | |
(iii) | Net foreign exchange assets of banking sector1,48,633 | 1,53,652 | 2,154 | 1.4 | 475 | 0.4 | 5,019 | 3.4 | 26,608 | 20.9 | |
(iv) | Government's currency liabilities to the public | 3,705 | 3,705 | | | 85 | 2.5 | | | 267 | 7.8 |
(v) | Banking sector's net non-monetary liabilities | ||||||||||
other than time deposits | 51,624 | 50,110 | -2,976 | -5.6 | -6,347 | -9.6 | -1,514 | -2.9 | -9,586 | -16.1 | |
of which : Net non-monetary liabilities of R.B.I. | 60,464 | 61,469 | -176 | -0.3 | 5,889 | 13.6 | 1,004 | 1.7 | 12,297 | 25.0 | |
@ :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 15.7 per cent. |