(Rs. crore)

Outstanding

Variation over

as on

Item

1999

Fortnight

1998-99

1999-2000

Year

Mar. 31#

May 21#

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

M3

9,74,328

10,00,657

1,671

0.2

21,966

2.7

26,329

2.7

1,51,482

17.8

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,70,119

1,85,329

-340

-0.2

13,483

9.2

15,210

8.9

25,842

16.2

(ii)

Demand deposits with banks

1,30,267

1,25,518

133

0.1

-6,066

-5.1

-4,749

-3.6

13,648

12.2

(iii)

Time deposits with banks

6,70,130

6,86,788@

1,921

0.3

15,613

2.8

16,658

2.5

1,11,447

19.4

(iv)

"Other" deposits with Reserve Bank

3,812

3,022

-43

-1.4

-1,063

-30.0

-790

-20.7

545

22.0

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

(i)

Net bank credit to Government (a+b)

3,86,672

4,04,847

-687

-0.2

17,598

5.3

18,175

4.7

56,657

16.3

(a) Reserve Bank

1,52,539

1,55,179

-2,924

-1.8

6,952

5.1

2,640

1.7

13,067

9.2

(b) Other Banks

2,34,133

2,49,668

2,238

0.9

10,646

5.4

15,535

6.6

43,591

21.2

(ii)

Bank credit to commercial sector (a+b)

4,86,942

4,88,564

-2,771

-0.6

-2,538

-0.6

1,622

0.3

58,365

13.6

(a) Reserve Bank

12,226

10,200

-2,296

-18.4

182

2.2

-2,025

-16.6

1,833

21.9

(b) Other Banks

4,74,717

4,78,364

-475

-0.1

-2,720

-0.6

3,647

0.8

56,531

13.4

(iii)

Net foreign exchange assets of banking sector1,48,633

1,53,652

2,154

1.4

475

0.4

5,019

3.4

26,608

20.9

(iv)

Government's currency liabilities to the public

3,705

3,705

—

—

85

2.5

—

—

267

7.8

(v)

Banking sector's net non-monetary liabilities

other than time deposits

51,624

50,110

-2,976

-5.6

-6,347

-9.6

-1,514

-2.9

-9,586

-16.1

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

60,464

61,469

-176

-0.3

5,889

13.6

1,004

1.7

12,297

25.0

@ :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 15.7 per cent.