(Rs.crore)

2002

2003

Variation

Item

Jun. 28

Jun. 20

Jun. 27#

Week

Year

1

2

3

4

5

6

Loans and advances

Central Government

7,648

6,537

8,145

1,608

497

State Governments

5,168

2,214

2,851

637

–2,317

(1) Includes foreign securities, balances held abroad and investments in foreign shares/bonds.
(2) Effective October 17, 1990, gold is valued close to international market price.
(3) Excludes investments in foreign shares and bonds and in Government of India rupee securities.

2. Foreign Exchange Reserves

Variation over

Item

As on Jun. 27, 2003

Week

End-March 2003

End-December 2002

Year

Rs.
Crore

US$
Mn.

Rs.
Crore

US$ Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

1

2

3

4

5

6

7

8

9

10

11

Total Reserves

3,80,977

81,905

–1,391

–215

22,697

6,477

42,628

11,460

97,664

23,943

of which :

(a)Foreign Currency Assets

3,63,695

78,231

–1,391

–215*

22,219

6,341

41,921

11,237

96,361

23,528

(b)Gold

17,276

3,673

—

—

491

139

734

229

1,344

424

(c) SDRs

6

1

—

—

–13

–3

–27

–6

–41

–9

Memo Item : RTP**

4,539

976

–54

–11

1,349

304

1,358

314

1,361

326

* : Foreign currency assets expressed in US dollar terms include the effect of appreciation/depreciation of non-US currencies (such as Euro, Sterling, Yen) held in reserves. For details, please refer to the Current Statistics section of the RBI Bulletin.
** : Foreign exchange reserves do not include India's Reserve Tranche Position (RTP) with the International Monetary Fund (IMF). RTP may change, from time to time, due to India's transactions under the Financial Transaction Plan with the IMF as well as changes in SDR exchange ratesvis-a-vis rupee and US dollar.

3. Scheduled Commercial Banks - Business in India

(Rs. crore)

Outstanding

Variation over

as on 2003

Financial year so far

Year-on-year

Item

Jun. 13#

Fortnight

2002-2003

2003-2004

2002

2003

1

2

3

4

5

6

7

Liabilities to Others

Aggregate deposits@

13,31,373

2,791

83,804

50,797

1,82,664

1,44,208

(0.2)

(7.6)

(4.0)

(18.2)

(12.1)

[7.9]

[4.1]

[19.0]

[12.6]

Demand

1,73,376

–2,064

–2,345

4,536

11,678

22,672

Time@

11,57,997

4,855

86,149

46,261

1,70,985

1,21,536

Bank Credit

7,30,130

–524

54,151

4,762

1,27,462

86,256

(–0.1)

(9.2)

(0.7)

(24.7)

(13.4)

Food Credit

50,565

–482

6,468

1,086

11,648

–9,881

Non-food credit

6,79,565

–41

47,683

3,676

1,15,814

96,137

@ : 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 italics are percentage variations net of RIBs and IMDs as the case may be.
Figures in brackets denote percentage variation in the relevant period.
Note: Includes the impact of mergers since May 3, 2002.

5. Accommodation Provided by Scheduled Commercial Banks to Commercial Sector in the form of Bank Credit and Investments in Shares/Debentures/Bonds/Commercial Paper etc.

(Rs. crore)

2003 - 2004

2002 - 2003

Item

Outstanding as on 2003

Variations

Outstanding as on 2002

Variations

Mar. 21

Jun. 13

(3) - (2)

Mar. 22

Jun. 14

(6) - (5)

1

2

3

4

5

6

7

4. Total (1B + 2 + 3)

7,69,029

7,67,589

–1,440

6,17,650

6,71,640

53,990

@ : Upto May 30, 2003. @@ : Upto May 31, 2003. + : Upto May 31, 2002.
Notes :
1. Data on investments are based on Statutory Section 42(2) Returns.
2. Figures in brackets are percentage variations.
3. Includes the impact of mergers since May 3, 2002.

7. Money Stock : Components and Sources

(Rs. crore)

Variation over

Outstanding as on

Financial year so far

Year-on-year

2003

Fortnight

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

Jun. 13#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,24,578

17,98,176

7,966

0.4

1,05,271

7.0

73,598

4.3

2,28,044

16.6

1,92,902

12.0

[16,94,907]

[64,938]

[4.3]

[1,87,711]

[13.6]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,71,662

2,94,082

4,538

1.6

20,658

8.6

22,419

8.3

32,716

14.3

32,024

12.2

(ii)

Demand deposits with banks

1,96,473

2,01,158

–1,998

–1.0

–2,306

–1.3

4,685

2.4

13,496

8.3

25,180

14.3

(iii)

Time deposits with banks@

12,53,169

13,00,184

5,160

0.4

87,398

8.1

47,014

3.8

1,82,654

18.6

1,35,316

11.6

[12,23,498]

[47,065]

[4.4]

[1,42,321]

[14.5]

(iv)

"Other" deposits with Reserve Bank

3,273

2,752

266

10.7

–478

–16.8

–521

–15.9

–823

–25.8

381

16.1

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

(i)

Net Bank credit to Government (a+b)

6,74,352

7,09,641

307

—

51,643

8.8

35,288

5.2

84,930

15.4

71,531

11.2

(a) Reserve Bank

1,20,102

1,19,304

–4,241

–3.4

14,813

9.7

–798

–0.7

–5,181

–3.0

–47,687

–28.6

(b) Other Banks

5,54,250

5,90,337

4,548

0.8

36,830

8.5

36,086

6.5

90,111

23.7

1,19,218

25.3

(ii)

Bank credit to commercial sector (a+b)

9,04,489

9,11,862

–406

—

55,639

7.4

7,373

0.8

1,29,495

19.0

99,958

12.3

(a) Reserve Bank

3,048

3,027

19

0.6

–2,949

–49.7

–21

–0.7

–8,187

–73.3

48

1.6

(b) Other Banks

9,01,440

9,08,835

–425

—

58,588

7.8

7,394

0.8

1,37,682

20.5

99,910

12.4

@ : 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 [ ] exclude the impact of mergers since May 3, 2002.
Government Balances as on March 31, 2003 are before closure of accounts.