7. Money Stock : Components and Sources - ஆர்பிஐ - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) |
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Outstanding as on |
Variation over |
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Item |
Financial year so far |
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1998 |
1999 |
Fortnight |
1997-98 |
1998-99 |
Year |
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Mar. 31# |
Jan. 29# |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
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|
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M3 |
8,25,389 |
9,37,481 |
2,814 |
0.3 |
79,832 |
11.4 |
1,12,091 |
13.6 |
1,55,801 |
19.9 |
|
Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
1,45,182 |
1,65,046 |
-2,110 |
-1.3 |
11,217 |
8.5 |
19,864 |
13.7 |
21,742 |
15.2 |
(ii) |
Demand deposits with banks |
1,18,435 |
1,18,051 |
2,035 |
1.8 |
-1,349 |
-1.3 |
-385 |
-0.3 |
14,065 |
13.5 |
(iii) |
Time deposits with banks |
5,58,167 |
6,51,252 @ |
3,102 |
0.5 |
69,669 |
15.1 |
93,085 |
16.7 |
1,20,350 |
22.7 |
(iv) |
"Other" deposits with Reserve Bank |
3,604 |
3,132 |
-212 |
295 |
-472 |
-357 |
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Sources (i+ii+iii+iv-v) |
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(i) |
Net bank credit to Government (a+b) |
3,30,619 |
3,82,688 |
52 |
|
29,983 |
10.4 |
52,068 |
15.7 |
64,085 |
20.1 |
(a) Reserve Bank |
1,35,160 |
1,51,796 |
-1,444 |
6,388 |
16,636 |
21,226 |
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(b) Other Banks |
1,95,460 |
2,30,892 |
1,496 |
23,595 |
35,432 |
42,858 |
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(ii) |
Bank credit to commercial sector (a+b) |
4,32,190 |
4,62,443 |
-3,345 |
-0.7 |
35,834 |
9.5 |
30,253 |
7.0 |
50,302 |
12.2 |
(a) Reserve Bank |
8,186 |
8,401 |
-4,185 |
1,558 |
215 |
596 |
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(b) Other Banks |
4,24,004 |
4,54,042 |
839 |
34,276 |
30,038 |
49,706 |
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(iii) |
Net foreign exchange assets of banking sector |
1,26,569 |
1,39,985 |
207 |
0.1 |
13,331 |
12.6 |
13,416 |
10.6 |
21,158 |
17.8 |
(iv) |
Gover nment's currency liabilities to the public |
3,120 |
3,561 |
|
312 |
441 |
331 |
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(v) |
Banking sector's net non-monetary liabilities |
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other than time deposits |
67,110 |
51,196 |
-5,901 |
-372 |
-15,913 |
-19,926 |
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of which : Net non-monetary liabilities of R.B.I. |
43,219 |
60,779 |
-398 |
7,144 |
17,561 |
18,451 |
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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 17.6 per cent. |