(Rs. crore)

Outstanding as on

Variation over

Item

Financial year so far

Year-on-year

1999

Fortnight

1998-99

1999-2000

1998

1999

Mar.31#

Sep. 24#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M3

9,72,204

10,40,411

8,080

0.8

74,090

9.0

68,206

7.0

1,51,170

20.3

1,44,989*

16.2

(6.8)

(7.1)

(17.9)

(16.5)

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,69,382

1,76,875

-4,103

-2.3

5,909

4.1

7,492

4.4

16,106

11.9

25,387

16.8

(ii)

Demand deposits with banks

1,35,111

1,29,541

4,492

3.6

-1,015

-0.9

-5,570

-4.1

14,137

13.6

11,831

10.1

(iii)

Time deposits with banks@

6,63,890

7,29,456

7,431

1.0

69,014

12.5

65,566

9.9

1,21,341

24.2

1,06,954

17.2

(iv)

"Other" deposits with Reserve Bank

3,821

4,540

260

6.1

181

5.1

719

18.8

-414

-10.0

818

22.0

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

(i)

Net bank credit to Government (a+b)

3,87,151

4,22,843

-3,229

-0.8

36,671

11.1

35,691

9.2

64,494

21.3

55,575

15.1

(a) Reserve Bank

1,52,539

1,50,977

-4,846

-3.1

1,260

0.9

-1,562

-1.0

22,726

20.0

14,558

10.7

(b) Other Banks

2,34,612

2,71,865

1,617

0.6

35,411

18.1

37,253

15.9

41,768

22.1

41,017

17.8

(ii)

Bank credit to commercial sector (a+b)

4,90,363

5,02,854

1,551

0.3

6,934

1.6

12,490

2.5

62,478

16.5

62,610

14.2

(a) Reserve Bank

12,226

9,778

-2,588

-20.9

-4

—

-2,448

-20.0

638

8.5

1,596

19.5

(b) Other Banks

4,78,138

4,93,076

4,140

0.8

6,937

1.6

14,939

3.1

61,840

16.7

61,015

14.1

(iii)

Net foreign exchange assets of banking sector

1,64,362

1,69,907

-54

—

15,870

11.5

5,544

3.4

39,749

34.8

15,942

10.4

(iv)

Government's currency liabilities to the public

3,846

4,079

—

—

244

7.3

233

6.1

463

14.8

483

13.4

(v)

Banking sector's net non-monetary liabilities

other than time deposits

73,519

59,272

-9,812

-14.2

-14,371

-17.1

-14,247

-19.4

16,015

29.9

-10,380

-14.9

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

60,455

64,277

677

1.1

12,665

29.3

3,821

6.3

21,763

63.7

8,329

14.9

@:

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 variations net of RIBs.