(Rs. crore)

Outstanding as on

Variation over

Financial year

1999

2000

1998-99

1999-2000

Item

Mar. 31#

Mar. 31#

Amount

%

Amount

%

1

2

3

4

5

6

7

M 3

9,78,633*

11,11,707

1,57,301*

19.2

1,33,075*

13.6

(17.0)

(13.9)

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,68,970

1,89,319

23,391

16.1

20,349

12.0

(ii)

Demand deposits with banks

1,36,035

1,47,353

17,311

14.6

11,317

8.3

(iii)

Time deposits with banks @

6,69,832

7,71,930

1,16,344

21.0

1,02,099

15.2

(iv)

"Other" deposits with Reserve Bank

3,796

3,105

255

7.2

-691

-18.2

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

(i)

Net bank credit to Government sector (a+b)

3,86,835

4,42,136

56,238

17.0

55,301

14.3

(a) Reserve Bank

1,52,539

1,49,029

17,379

12.9

-3,510

-2.3

(b) Other Banks

2,34,296

2,93,107

38,859

19.9

58,811

25.1

(ii)

Bank credit to commercial sector (a+b)

4,94,796

5,75,921

61,486

14.2

81,126

16.4

(a) Reserve Bank

12,226

15,270

4,040

49.4

3,044

24.9

(b) Other Banks

4,82,570

5,60,651

57,446

13.5

78,082

16.2

(iii)

Net foreign exchange assets of banking sector

1,76,778

1,94,433

38,683

28.0

17,655

10.0

(iv)

Government's currency liabilities to the public

3,846

4,194

494

14.7

348

9.1

(v)

Banking sector's net non-monetary liabilities

other than time deposits

83,621

1,04,977

-401

-0.5

21,355

25.5

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

60,481

70,916

17,199

39.7

10,435

17.3

@ :

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 percentage variation net of RIBs.