Appendix Table III.3 : Variations in Money Stock - ଆରବିଆଇ - Reserve Bank of India
Appendix Table III.3 : Variations in Money Stock
(Amount in Rupees crore) |
||||||||||||
|
||||||||||||
Outstanding |
Variations |
|||||||||||
Item |
as on |
Financial year |
April-June |
|||||||||
March |
2001-02 |
2000-01 |
2002-03 |
2001-02 |
||||||||
31, 2002 |
Absolute |
Per cent |
Absolute |
Per cent |
Absolute |
Per cent |
Absolute |
Per cent |
||||
|
||||||||||||
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
|||
|
||||||||||||
Broad Money (M3) (I.I+I.2+I.3) |
15,00,003 |
1,86,782 |
14.2 |
1,89,046 |
16.8 |
1,17,345 |
7.8 |
67,543 |
5.1 |
|||
(74,753) |
(5.0) |
|||||||||||
I. |
Components of Money Stock |
|||||||||||
1. |
Currency with the Public |
2,41,399 |
31,849 |
15.2 |
20,468 |
10.8 |
14,048 |
5.8 |
12,773 |
6.1 |
||
2. |
Aggregate Deposits with |
12,55,754 |
1,55,713 |
14.2 |
1,67,982 |
18.0 |
1,02,908 |
8.2 |
54,654 |
5.0 |
||
Banks (a+b) |
(60,316) |
(4.8) |
||||||||||
a) |
Demand Deposits |
1,78,284 |
12,014 |
7.2 |
16,589 |
11.1 |
3,744 |
2.1 |
5,104 |
3.1 |
||
b) |
Time Deposits $ |
10,77,470 |
1,43,699 |
15.4 |
1,51,393 |
19.4 |
99,164 |
9.2 |
49,550 |
5.3 |
||
(56,572) |
(5.3) |
|||||||||||
3. |
‘Other’ Deposits with the RBI |
2,850 |
-780 |
-21.5 |
596 |
19.6 |
389 |
13.6 |
115 |
3.2 |
||
Narrow Money (M1)[I.1+I.2(a)+I.3] |
4,22,533 |
43,083 |
11.4 |
37,653 |
11.0 |
18,180 |
4.3 |
17,992 |
4.7 |
|||
II. |
Sources of Money Stock |
|||||||||||
(II.1+II.2+II.3+II.4-II.5) |
||||||||||||
1. |
Net Bank Credit to |
5,86,466 |
74,511 |
14.6 |
70,577 |
16.0 |
43,733 |
7.5 |
41,291 |
8.1 |
||
Government (A+B) |
||||||||||||
A. |
Net RBI credit to |
1,52,178 |
-1,699 |
-1.1 |
5,613 |
3.8 |
-4,212 |
-2.8 |
15,742 |
10.2 |
||
Government (a+b) |
||||||||||||
a. Net RBI credit to the |
1,41,384 |
-5,150 |
-3.5 |
6,705 |
4.8 |
1,455 |
1.0 |
19,523 |
13.3 |
|||
Central Government |
||||||||||||
b. Net RBI credit to |
10,794 |
3,451 |
47.0 |
-1,092 |
-12.9 |
-5,667 |
-52.5 |
-3,781 |
-51.5 |
|||
State Governments |
||||||||||||
B. |
Other banks’ credit to |
4,34,288 |
76,210 |
21.3 |
64,964 |
22.2 |
47,946 |
11.0 |
25,549 |
7.1 |
||
Government |
||||||||||||
2. |
Bank Credit to |
7,56,265 |
77,046 |
11.3 |
92,655 |
15.8 |
58,741 |
7.8 |
2,223 |
0.3 |
||
Commercial Sector (a+b) |
||||||||||||
a) |
RBI’s credit to |
5,929 |
-7,358 |
-55.4 |
-1,983 |
-13.0 |
-3,010 |
-50.8 |
-3,111 |
-23.4 |
||
commercial sector |
||||||||||||
b) |
Other banks’ credit to |
7,50,336 |
84,404 |
12.7 |
94,638 |
16.6 |
61,750 |
8.2 |
5,334 |
0.8 |
||
commercial sector |
||||||||||||
3. |
Net Foreign Exchange Assets of |
3,14,733 |
64,913 |
26.0 |
44,172 |
21.5 |
19,279 |
6.1 |
1,397 |
0.6 |
||
Banking Sector (a+b) |
||||||||||||
a) |
RBI’s net foreign |
2,63,969 |
66,794 |
33.9 |
31,295 |
18.9 |
19,279 |
7.3 |
7,187 |
3.6 |
||
exchange assets |
||||||||||||
b) |
Other banks’ net |
50,764 |
-1,881 |
-3.6 |
12,877 |
32.4 |
0 |
0.0 |
-5,791 |
-11.0 |
||
foreign exchange assets |
||||||||||||
4. |
Government’s Currency |
6,366 |
1,013 |
18.9 |
776 |
16.9 |
89 |
1.4 |
211 |
3.9 |
||
Liabilities to the Public |
||||||||||||
5. |
Banking Sector’s Net |
1,63,828 |
30,701 |
23.1 |
19,133 |
16.8 |
4,498 |
2.7 |
-22,421 |
-16.8 |
||
Non-Monetary Liabilities |
||||||||||||
other than Time Deposits (a+b) |
||||||||||||
a) |
Net non-monetary |
1,01,220 |
21,875 |
27.6 |
9,123 |
13.0 |
17,548 |
17.3 |
7,330 |
9.2 |
||
liabilities of RBI |
||||||||||||
b) |
Net non-monetary liabilities |
62,608 |
8,826 |
16.4 |
10,010 |
22.9 |
-13,050 |
-20.8 |
-29,751 |
-55.3 |
||
of other banks (residual) |
||||||||||||
|
||||||||||||
Memo Items : Select Monetary Ratios |
||||||||||||
|
||||||||||||
1. |
M3 Multiplier |
4.4 |
||||||||||
2. |
Bankers’ Reserves to Aggregate |
7.5 |
||||||||||
3. |
Currency to Aggregate Deposits Ratio |
19.2 |
||||||||||
|
||||||||||||
Data provisional. |