1. Reserve Bank of India - Liabilities and Assets

(Rs.crore)

2002

2003

Variation

Item

Jul. 26

Jul. 18

Jul. 25#

Week

Year

1

2

3

4

5

6

Loans and advances

Central Government

8,196

2,528

8,359

5,831

163

State Governments

4,412

5,423

3,176

–2,247

–1,236

(1) Includes foreign securities, balances held abroad and investments in foreign shares/bonds.
(2) Effective October 17, 1990, gold is valued close to international market price.
(3) Excludes investments in foreign shares and bonds and in Government of India rupee securities.

2. Foreign Exchange Reserves

Variation over

Item

As on Jul. 25, 2003

Week

End-March 2003

End-December 2002

Year

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

Rs.
Crore

US$
Mn.

1

2

3

4

5

6

7

8

9

10

11

Total Reserves

3,92,026

84,904

3,140

803

33,746

9,476

53,677

14,459

1,00,591

25,037

of which :

(a)Foreign Currency Assets

3,74,819

81,200

3,140

802*

33,343

9,310

53,045

14,206

99,703

24,673

(b)Gold

17,182

3,698

—

—

397

164

640

254

910

368

(c) SDRs

25

6

—

1

6

2

–8

–1

–22

–4

Memo Item : RTP**

4,507

976

42

10

1,317

304

1,326

314

1,324

322

* : Foreign currency assets expressed in US dollar terms include the effect of appreciation/depreciation of non-US currencies (such as Euro, Sterling, Yen) held in reserves. For details, please refer to the Current Statistics section of the RBI Bulletin.
** : Foreign exchange reserves do not include India's Reserve Tranche Position (RTP) with the International Monetary Fund (IMF).
RTP may change, from time to time, due to India's transactions under the Financial Transaction Plan with the IMF as well as changes in SDR exchange ratesvis-a-vis rupee and US dollar.

3. Scheduled Commercial Banks - Business in India

(Rs. crore)

Outstanding

Variation over

Item

as on 2003

Financial year so far

Year-on-year

Jul. 11#

Fortnight

2002-2003

2003-2004

2002

2003

1

2

3

4

5

6

7

Liabilities to Others

Aggregate deposits@

13,43,120

–55

96,609

62,266

1,83,950

1,43,150

(—)

(8.8)

(4.9)

(18.1)

(11.9)

[9.1]

[5.0]

[18.9]

[12.4]

Demand

1,75,471

–4,794

–2,192

5,182

10,734

24,615

Time@

11,67,649

4,740

98,801

57,085

1,73,215

1,18,535

Bank Credit

7,25,574

–7,243

62,548

–3,641

1,28,363

73,304

(–1.0)

(10.6)

(–0.5)

(24.5)

(11.2)

Food Credit

43,588

–6,478

5,485

–5,891

8,685

–15,875

Non-food credit

6,81,986

–765

57,063

2,250

1,19,679

89,179

@ : 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 italics are percentage variations net of RIBs and IMDs as the case may be.
Figures in brackets denote percentage variation in the relevant period.
Note: Includes the impact of mergers since May 3, 2002.

5. Accommodation Provided by Scheduled Commercial Banks to Commercial Sector in the form of Bank Credit and Investments in Shares/Debentures/Bonds/Commercial Paper etc.

(Rs. crore)

2003 - 2004

2002 - 2003

Outstanding

Variations

Outstanding

Variations

Item

as on 2003

(3) - (2)

as on 2002

(6) - (5)

Mar. 21

Jul. 11

Mar. 22

Jul. 12

1

2

3

4

5

6

7

4. Total (1B + 2 + 3)

7,72,695

7,71,216

–1,479

6,17,650

6,80,348

62,698

@ : Upto June 27, 2003. @@ : Upto June 30, 2003. + : Upto June 28, 2002. ++ : Upto June 30, 2002.
Notes :
1. Data on investments are based on Statutory Section 42(2) Returns.
2. Figures in brackets are percentage variations.
3. Includes the impact of mergers since May 3, 2002.

7. Money Stock : Components and Sources

(Rs. crore)

Variation over

Outstanding

Financial year so far

Year-on-year

as on 2003

Fortnight

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

Jul. 11#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,09,151

3,192

0.2

1,17,693

7.9

83,928

4.9

2,29,223

16.5

1,93,102

11.9

[16,95,551]

[78,585]

[5.2]

[1,90,115]

[13.7]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,90,141

2,263

0.8

17,511

7.3

19,158

7.1

32,798

14.5

31,836

12.3

(ii)

Demand deposits with banks

1,98,602

2,03,410

–4,689

–2.3

–3,293

–1.8

4,809

2.4

12,392

7.6

27,504

15.6

(iii)

Time deposits with banks@

12,52,396

13,11,024

5,205

0.4

1,02,309

9.5

58,628

4.7

1,83,913

18.5

1,33,203

11.3

[12,22,725]

[63,201]

[5.9]

[1,44,805]

[14.6]

(iv)

"Other" deposits with Reserve Bank

3,242

4,576

413

9.9

1,167

41.0

1,334

41.1

119

3.1

559

13.9

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,19,132

6,072

0.9

57,645

9.8

41,074

6.1

86,938

15.5

71,922

11.1

(a) Reserve Bank

1,20,679

98,421

–17,808

–15.3

17,234

11.3

–22,258

–18.4

2,707

1.6

–70,991

–41.9

(b) Other Banks

5,57,379

6,20,711

23,880

4.0

40,412

9.2

63,332

11.4

84,231

21.4

1,42,913

29.9

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,07,293

–7,200

–0.8

59,097

7.8

681

0.1

1,30,014

18.9

88,549

10.8

(a) Reserve Bank

3,048

2,964

–12

–0.4

–3,000

–50.6

–85

–2.8

–7,093

–70.8

35

1.2

(b) Other Banks

9,03,564

9,04,329

–7,188

–0.8

62,097

8.2

766

0.1

1,37,107

20.2

88,514

10.8

@ : 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 after closure of accounts.