(Rs. crore)

Outstanding as on

Variation over

2003

Financial year so far

Year-on-year

Mar. 31#

May 30#

Fortnight

2002-2003

2003-2004

2002

2003

Item

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,24,578

17,90,209

2,550

0.1

1,05,199

7.0

65,631

3.8

2,31,848

16.9

1,85,008

11.5

[16,94,907]

[64,199]

[4.3]

[1,90,848]

[13.9]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,71,662

2,89,544

–4,141

–1.4

16,048

6.6

17,882

6.6

30,953

13.7

32,097

12.5

(ii)

Demand deposits with banks

1,96,473

2,03,156

2,192

1.1

3,137

1.8

6,683

3.4

16,539

10.0

21,735

12.0

(iii)

Time deposits with banks@

12,53,169

12,95,023

4,707

0.4

86,591

8.0

41,854

3.3

1,84,212

18.8

1,30,963

11.3

[12,23,498]

[45,591]

[4.2]

[1,43,212]

[14.6]

(iv)

"Other" deposits with Reserve Bank

3,273

2,486

–208

–7.7

–578

–20.3

–788

–24.1

145

6.8

214

9.4

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

(i)

Net Bank credit to Government (a+b)

6,74,352

7,09,333

–4,758

–0.7

46,736

8.0

34,981

5.2

86,602

15.8

76,131

12.0

(a) Reserve Bank

1,20,102

1,23,545

–3,331

–2.6

7,523

4.9

3,443

2.9

–379

–0.2

–36,156

–22.6

(b) Other Banks

5,54,250

5,85,788

–1,426

–0.2

39,213

9.0

31,538

5.7

86,980

22.5

1,12,287

23.7

(ii)

Bank credit to commercial sector (a+b)

9,04,489

9,12,268

–412

—

56,873

7.5

7,780

0.9

1,33,914

19.7

99,130

12.2

(a) Reserve Bank

3,048

3,008

85

2.9

–2,835

–47.8

–40

–1.3

–5,330

–63.3

–86

–2.8

(b) Other Banks

9,01,440

9,09,260

–497

–0.1

59,708

8.0

7,820

0.9

1,39,245

20.8

99,216

12.2

(iii)

Net foreign exchange assets of banking sector

3,99,235

4,23,570

9,086

2.2

7,566

2.4

24,336

6.1

67,807

26.6

1,01,271

31.4

(iv)

Government's currency liabilities to the public

6,910

6,910

—

—

93

1.5

—

—

971

17.7

450

7.0

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,407

2,61,873

1,366

0.5

6,071

3.7

1,465

0.6

57,446

51.1

91,974

54.1

of which : Net non-monetary liabilities of RBI

1,26,533

1,31,970

2,322

1.8

12,068

11.9

5,437

4.3

28,513

33.6

18,681

16.5

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