(Rs. crore)

Outstanding

Variation over

as on

Financial year so far

Year-on-year

2003

Fortnight

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

Apr. 18#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,24,578

17,77,470

7,203

0.4

42,183

2.8

52,892

3.1

1,91,572

14.2

2,35,284

15.3

[16,94,907]

[17,47,799]

[2,05,613]

[13.3]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,71,662

2,84,036

10,656

3.9

10,721

4.4

12,373

4.6

31,515

14.3

31,915

12.7

(ii)

Demand deposits with banks

1,96,473

2,08,985

–6,810

–3.2

1,320

0.7

12,512

6.4

12,077

7.2

29,381

16.4

(iii)

Time deposits with banks@

12,53,169

12,81,358

4,122

0.3

30,632

2.8

28,189

2.2

1,48,773

15.5

1,73,257

15.6

[12,23,498]

[12,51,687]

[1,43,586]

[13.0]

(iv)

"Other" deposits with Reserve Bank

3,273

3,091

–765

–19.8

–490

–17.2

–182

–5.6

–792

–25.1

731

31.0

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

(i)

Net Bank credit to Government (a+b)

6,74,352

7,05,768

32,431

4.8

18,529

3.2

31,416

4.7

73,413

13.8

1,00,773

16.7

(a) Reserve Bank

1,20,102

1,27,259

21,283

20.1

7,924

5.2

7,157

6.0

3,081

2.0

–32,843

–20.5

(b) Other Banks

5,54,250

5,78,509

11,148

2.0

10,605

2.4

24,259

4.4

70,332

18.8

1,33,616

30.0

(ii)

Bank credit to commercial sector (a+b)

9,04,489

9,14,921

–14,656

–1.6

9,712

1.3

10,433

1.2

83,406

12.2

1,48,945

19.4

(a) Reserve Bank

3,048

3,001

–10

–0.3

–467

–7.9

–47

–1.5

–6,256

–53.4

–2,460

–45.0

(b) Other Banks

9,01,440

9,11,920

–14,646

–1.6

10,179

1.4

10,480

1.2

89,662

13.4

1,51,405

19.9

(iii)

Net foreign exchange assets of banking sector

3,99,235

4,01,374

4,697

1.2

1,479

0.5

2,139

0.5

63,332

25.0

85,162

26.9

(iv)

Government's currency liabilities to the public

6,910

6,910

—

—

17

0.3

—

—

970

17.9

526

8.2

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,407

2,51,503

15,269

6.5

–12,447

–7.6

–8,904

–3.4

29,549

24.3

1,00,122

66.1

of which : Net non-monetary liabilities of RBI

1,26,533

1,23,917

2,080

1.7

7,156

7.1

–2,616

–2.1

24,905

29.8

15,541

14.3

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