(Rs. crore)

Variation over

Outstanding as on

Financial year so far

Year-on-year

1999

Fortnight

1998-99

1999-2000

1998

1999

Mar. 31#

Dec. 17#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

9,72,204*

10,71,850

4,726

0.4

1,02,366*

12.5

99,645*

10.2

1,55,393*

20.2

1,48,152*

16.0

(10.3)

(10.4)

(17.9)

(16.4)

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,69,382

1,90,239

1,434

0.8

16,866

11.6

20,856

12.3

18,001

12.5

27,795

17.1

(ii)

Demand deposits with banks

1,35,111

1,30,421

106

0.1

-4,208

-3.5

-4,690

-3.5

12,551

12.3

15,904

13.9

(iii)

Time deposits with banks @

6,63,890

7,47,459

2,770

0.4

89,250

16.1

83,569

12.6

1,25,147

24.2

1,04,721

16.3

(iv)

"Other" deposits with Reserve Bank

3,821

3,732

416

12.5

458

12.9

-90

-2.3

-305

-7.1

-267

-6.7

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

(i)

Net bank credit to Government (a+b)

3,87,151

4,38,639

868

0.2

49,449

15.0

51,488

13.3

58,579

18.2

58,593

15.4

(a)

Reserve Bank

1,52,539

1,56,232

4,447

2.9

14,102

10.4

3,693

2.4

20,265

15.7

6,970

4.7

(b)

Other Banks

2,34,612

2,82,407

-3,579

-1.3

35,348

18.1

47,795

20.4

38,314

19.9

51,623

22.4

(ii)

Bank credit to commercial sector (a+b)

4,90,363

5,25,406

4,106

0.8

19,591

4.5

35,043

7.1

57,917

14.7

72,506

16.0

(a)

Reserve Bank

12,226

8,261

-128

-1.5

162

2.0

-3,965

-32.4

597

7.7

-87

-1.0

(b)

Other Banks

4,78,138

5,17,146

4,235

0.8

19,429

4.6

39,008

8.2

57,320

14.8

72,593

16.3

(iii)

Net foreign exchange assets of banking sector

1,76,778

1,88,388

784

0.4

27,688

20.0

11,610

6.6

41,098

33.0

22,606

13.6

(iv)

Government's currency liabilities to the public

3,846

4,079

--

--

352

10.5

233

6.1

476

14.7

375

10.1

(v)

Banking sector's net non-monetary liabilities

other than time deposits

85,934

84,663

1,032

1.2

-5,286

-6.3

-1,272

-1.5

2,676

3.5

5,927

7.5

of which : Net non-monetary liabilities of R.B.I.

60,455

66,467

852

1.3

15,735

36.4

6,011

9.9

17,457

42.0

7,449

12.6

@

Includes Rs. 17,945 crore on account of Resurgent India Bonds (RIBs), since August 28, 1998.

*

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.

Note : Figures in brackets are precentage variation net of RIBs.