7. Money Stock : Components and Sources - ଆରବିଆଇ - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) |
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Outstanding |
Variation over |
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Item |
Financial year so far |
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|
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1998 |
1999 |
Fortnight |
1997-98 |
1998-99 |
Year |
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|
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Mar. 31# |
Mar. 26# |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
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|
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
|
|
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M3 |
8,27,209 |
9,75,200 |
18,004 |
1.9 |
1,26,572 |
18.0 |
1,47,991 |
17.9 |
1,46,780 |
17.7 |
|
Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
1,46,004 |
1,70,659 |
-2,688 |
-1.6 |
14,775 |
11.2 |
24,655 |
16.9 |
23,797 |
16.2 |
(ii) |
Demand deposits with banks |
1,17,937 |
1,30,267 |
10,932 |
9.2 |
12,569 |
11.9 |
12,330 |
10.5 |
12,364 |
10.5 |
(iii) |
Time deposits with banks |
5,59,728 |
6,70,130 @ |
8,436 |
1.3 |
99,111 |
21.5 |
1,10,402 |
19.7 |
1,09,786 |
19.6 |
(iv) |
"Other" deposits with Reserve Bank |
3,541 |
4,144 |
1,325 |
47.0 |
117 |
3.7 |
603 |
17.0 |
833 |
25.2 |
Sources (i+ii+iii+iv-v) |
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(i) |
Net bank credit to Government (a+b) |
3,30,592 |
3,84,085 |
-3,698 |
-1.0 |
34,196 |
11.8 |
53,493 |
16.2 |
61,269 |
19.0 |
(a) Reserve Bank |
1,35,160 |
1,49,952 |
-6,103 |
-3.9 |
3,204 |
2.6 |
14,792 |
10.9 |
22,567 |
17.7 |
|
(b) Other Banks |
1,95,432 |
2,34,133 |
2,404 |
1.0 |
30,993 |
18.8 |
38,701 |
19.8 |
38,701 |
19.8 |
|
(ii) |
Bank credit to commercial sector (a+b) |
4,32,738 |
4,83,201 |
10,803 |
2.3 |
56,159 |
14.9 |
50,463 |
11.7 |
50,735 |
11.7 |
(a) Reserve Bank |
8,186 |
8,485 |
-268 |
-3.1 |
1,768 |
28.3 |
299 |
3.7 |
470 |
5.9 |
|
(b) Other Banks |
4,24,552 |
4,74,717 |
11,072 |
2.4 |
54,392 |
14.7 |
50,165 |
11.8 |
50,265 |
11.8 |
|
(iii) |
Net foreign exchange assets of banking sector |
1,26,569 |
1,44,402 |
2,601 |
1.8 |
18,623 |
17.7 |
17,833 |
14.1 |
20,283 |
16.3 |
(iv) |
Government's currency liabilities to the public |
3,352 |
3,705 |
|
|
434 |
14.9 |
353 |
10.5 |
353 |
10.5 |
(v) |
Banking sector's net non-monetary liabilities |
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other than time deposits |
66,042 |
40,193 |
-8,297 |
-17.1 |
-17,160 |
-24.0 |
-25,849 |
-39.1 |
-14,141 |
-26.0 |
|
of which : Net non-monetary liabilities of R.B.I. |
43,282 |
59,807 |
-316 |
-0.5 |
9,009 |
25.6 |
16,525 |
38.2 |
15,614 |
35.3 |
|
|
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@ : Includes Rs. 17,945 crore on account of proceeds from Resurgent India Bonds (RIBs). Excluding these proceeds, the year-on-year M3 growth rate in column 11 would work out to be 15.6 per cent. |