Appendix Table III.3 : Variations in Money Stock - ఆర్బిఐ - Reserve Bank of India
Appendix Table III.3 : Variations in Money Stock
(Amount in Rupees crore) |
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Outstanding as |
Variations |
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Item |
on March 31, |
April-June |
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2001 P |
2000-01P |
1999-2000 |
2001-02P |
2000-01P |
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Absolute |
Per cent |
Absolute |
Per cent |
Absolute |
Per cent |
Absolute |
Per cent |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
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I. |
Broad Money (M3) (1+2+3) |
13,11,583 |
1,87,409 |
16.7 |
1,43,214 |
14.6 |
63,451 |
4.8 |
52,982 |
4.7 |
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1. |
Currency with the Public |
2,09,562 |
20,480 |
10.8 |
20,138 |
11.9 |
12,310 |
5.9 |
8,507 |
4.5 |
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2. |
Aggregate Deposits with |
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Banks (a+b) |
10,98,391 |
1,66,333 |
17.8 |
1,23,779 |
15.3 |
50,783 |
4.6 |
42,861 |
4.6 |
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a) |
Demand Deposits |
1,66,599 |
16,918 |
11.3 |
13,293 |
9.7 |
1,898 |
1.1 |
1,494 |
1.0 |
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b) |
Time Deposits $ |
9,31,792 |
1,49,414 |
19.1 |
1,10,486 |
16.4 |
48,884 |
5.2 |
41,367 |
5.3 |
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3. |
'Other' Deposits with the RBI |
3,630 |
596 |
19.6 |
-703 |
-18.8 |
359 |
9.9 |
1,615 |
53.2 |
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II. |
Narrow Money (M1)[I.1+I.2(a)+I.3] |
3,79,791 |
37,994 |
11.1 |
32,728 |
10.6 |
14,567 |
3.8 |
11,615 |
3.4 |
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III. |
Sources of Money Stock (M3) |
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(1+2+3+4-5) |
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1. |
Net Bank Credit to Government |
5,12,380 |
71,002 |
16.1 |
54,702 |
14.1 |
39,878 |
7.8 |
29,088 |
6.6 |
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(A+B) |
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A. |
Net RBI credit to Government |
1,53,877 |
5,613 |
3.8 |
-4,275 |
-2.8 |
15,742 |
10.2 |
8,303 |
5.6 |
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(a+b) |
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a. Net RBI credit to |
1,46,534 |
6,705 |
4.8 |
-5,587 |
-3.8 |
19,523 |
13.3 |
14,393 |
10.3 |
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Central Government |
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b. Net RBI credit to |
7,343 |
-1,092 |
-12.9 |
1,312 |
18.4 |
-3,781 |
-51.5 |
-6,089 |
-72.2 |
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State Governments |
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B. |
Other banks' credit to |
3,58,504 |
65,389 |
22.3 |
58,977 |
25.2 |
24,136 |
6.7 |
20,784 |
7.1 |
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Government |
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2. |
Bank Credit to |
6,73,216 |
86,652 |
14.8 |
90,574 |
18.3 |
4,271 |
0.6 |
21,646 |
3.7 |
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Commercial Sector (a+b) |
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a) |
RBI's credit to |
13,287 |
-1,983 |
-13.0 |
3,044 |
24.9 |
-3,111 |
-23.4 |
-3,153 |
-20.6 |
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commercial sector |
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b) |
Other banks' credit to |
6,59,929 |
88,635 |
15.5 |
87,530 |
18.1 |
7,382 |
1.1 |
24,799 |
4.3 |
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commercial sector |
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3. |
Net Foreign Exchange Assets of |
2,49,820 |
44,172 |
21.5 |
27,794 |
15.6 |
7,187 |
2.9 |
927 |
0.5 |
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Banking Sector (a+b) |
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a) |
RBI's net foreign |
1,97,175 |
31,295 |
18.9 |
27,927 |
20.2 |
7,187 |
3.6 |
-1,824 |
-1.1 |
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exchange assets |
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b) |
Other banks' net foreign |
52,645 |
12,877 |
32.4 |
-132 |
-0.3 |
0 |
0.0 |
2,751 |
6.9 |
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exchange assets |
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4. |
Government's Currency Liabilities |
5,354 |
776 |
16.9 |
732 |
19.0 |
0 |
0.0 |
182 |
4.0 |
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to the Public |
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5. |
Banking Sector's Net |
1,29,186 |
15,192 |
13.3 |
30,588 |
36.7 |
-12,115 |
-9.4 |
-1,139 |
-1.0 |
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Non-Monetary Liabilities |
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other than Time Deposits (a+b) |
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a) |
Net non-monetary liabilities |
79,345 |
9,123 |
13.0 |
9,682 |
16.0 |
7,086 |
8.9 |
7,605 |
10.8 |
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of RBI |
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b) |
Net non-monetary liabilities |
49,841 |
6,069 |
13.9 |
20,906 |
91.4 |
-19,201 |
-38.5 |
-8,744 |
-20.0 |
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of other banks (residual) |
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Memo Items : Select Monetary Ratios |
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1. |
M3 Multiplier |
4.32 |
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2. |
Bankers' Reserves to Aggregate |
7.4 |
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Deposits Ratio |
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3. |
Currency to Aggregate Deposits Ratio |
19.1 |
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P Provisional. |
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$ |
$ Includes Resurgent India Bonds worth Rs. 17,945 crore since August 28, 1998 and India Millennium Deposits worth Rs. 25,662 crore since November 17, 2000. |
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Note : |
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 (Chairman: Dr. Y.V. Reddy), 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. |