7. Money Stock : Components and Sources
81903377
(Rs. crore)
Outstanding as on
Variation over
Financial year so far
Year-on-year
2001
Fortnight
2000-2001
2001-2002
2000
2001
Item
Mar. 31#
Apr. 6#
Amount
%
Amount
%
Amount
%
Amount
%
Amount
%
1
2
3
4
5
6
7
8
9
10
11
12
13
M3
13,05,567
13,44,027
37,936
2.9
33,124*
2.9
38,461
2.9
1,65,258*
16.7
1,86,970
16.2
(13.9)
Components (i+ii+iii+iv)
(i)
Currency with the Public
2,09,132
2,11,701
787
0.4
5,849
3.1
2,568
1.2
18,755
10.7
17,086
8.8
(ii)
Demand deposits with banks
1,64,551
1,77,602
13,051
7.9
6,324
4.2
13,051
7.9
24,691
18.8
21,597
13.8
(iii)
Time deposits with banks@
9,27,564
9,50,452
22,888
2.5
19,665
2.5
22,888
2.5
1,21,353
17.8
1,48,408
18.5
(iv)
"Other" deposits with Reserve Bank
4,320
4,273
1,210
39.5
1,286
41.4
47
1.1
460
11.7
122
2.8
Sources (i+ii+iii+iv-v)
(i)
Net Bank credit to Government sector (a+b)
5,13,022
5,04,994
2,912
0.6
14,217
3.2
8,028
1.6
56,678
14.2
49,399
10.8
(a) Reserve Bank
1,55,556
1,49,510
4,894
3.4
5,915
4.0
6,046
3.9
11,164
7.3
7,161
5.0
(b) Other Banks
3,57,467
3,55,485
1,982
0.6
20,132
6.9
1,982
0.6
67,842
27.6
42,238
13.5
(ii)
Bank credit to commercial sector (a+b)
6,70,378
6,84,545
18,077
2.7
3,660
0.6
14,167
2.1
96,930
19.6
94,321
16.0
(a) Reserve Bank
13,287
9,072
305
3.2
6,979
45.7
4,215
31.7
167
2.0
782
9.4
(b) Other Banks
6,57,092
6,75,473
18,381
2.8
10,640
1.9
18,381
2.8
97,097
20.0
93,539
16.1
(iii)
Net foreign exchange assets of banking sector
2,44,320
2,46,182
3,065
1.3
612
0.3
1,862
0.8
27,147
15.2
39,922
19.4
(iv)
Government's currency liabilities to the public
4,905
4,905
316
7.4
732
19.0
327
7.1
(v)
Banking sector's net non-monetary liabilities
other than time deposits
1,27,059
96,599
13,883
12.6
14,319
12.6
30,460
24.0
16,229
19.5
3,001
3.0
of which : Net non-monetary liabilities of R.B.I.
80,334
81,399
494
0.6
3,408
4.9
1,064
1.3
12,394
20.3
7,844
10.7
* : 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. @ : 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 parentheses are net of IMDs.