7. Money Stock : Components and Sources - ఆర్బిఐ - 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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Financial year so far |
Year-on-year |
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2003 |
Fortnight |
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2002-2003 |
2003-2004 |
2002 |
2003 |
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Item |
Mar. 31# |
Aug. 8# |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
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M3 |
17,25,222 |
18,18,091 |
7,794 |
0.4 |
1,33,063 |
8.9 |
92,869 |
5.4 |
2,37,542 |
17.0 |
1,86,673 |
11.4 |
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[16,95,551] |
[94,855] |
[6.3] |
[1,99,334] |
[14.3] |
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Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
2,70,983 |
2,86,044 |
2,224 |
0.8 |
13,532 |
5.6 |
15,061 |
5.6 |
30,910 |
13.8 |
31,717 |
12.5 |
|
(ii) |
Demand deposits with banks |
1,98,602 |
2,00,460 |
–1,427 |
–0.7 |
–6,172 |
–3.4 |
1,858 |
0.9 |
11,250 |
7.0 |
27,432 |
15.9 |
|
(iii) |
Time deposits with banks@ |
12,52,396 |
13,27,152 |
7,398 |
0.6 |
1,25,001 |
11.6 |
74,756 |
6.0 |
1,95,277 |
19.4 |
1,26,639 |
10.5 |
|
[12,22,725] |
[86,793] |
[8.1] |
[1,57,069] |
[15.6] |
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(iv) |
"Other" deposits with Reserve Bank |
3,242 |
4,436 |
–402 |
–8.3 |
701 |
24.6 |
1,194 |
36.8 |
105 |
3.0 |
885 |
24.9 |
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Sources (i+ii+iii+iv-v) |
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(i) |
Net Bank credit to Government (a+b) |
6,78,059 |
7,16,342 |
–1,112 |
–0.2 |
57,956 |
9.8 |
38,284 |
5.6 |
84,465 |
15.0 |
68,822 |
10.6 |
|
(a) Reserve Bank |
1,20,679 |
85,716 |
–10,990 |
–11.4 |
1,959 |
1.3 |
–34,963 |
–29.0 |
–11,921 |
–7.2 |
–68,421 |
–44.4 |
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(b) Other Banks |
5,57,379 |
6,30,626 |
9,878 |
1.6 |
55,997 |
12.8 |
73,247 |
13.1 |
96,386 |
24.3 |
1,37,243 |
27.8 |
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(ii) |
Bank credit to commercial sector (a+b) |
9,06,612 |
9,10,075 |
1,367 |
0.2 |
63,122 |
8.3 |
3,464 |
0.4 |
1,31,267 |
19.0 |
87,306 |
10.6 |
|
(a) Reserve Bank |
3,048 |
3,447 |
502 |
17.0 |
–2,991 |
–50.5 |
399 |
13.1 |
–5,335 |
-64.5 |
510 |
17.4 |
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(b) Other Banks |
9,03,564 |
9,06,628 |
865 |
0.1 |
66,113 |
8.8 |
3,065 |
0.3 |
1,36,602 |
20.0 |
86,796 |
10.6 |
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(iii) |
Net foreign exchange assets of banking sector |
3,93,715 |
4,26,712 |
–743 |
–0.2 |
32,251 |
10.4 |
32,997 |
8.4 |
88,514 |
34.7 |
83,426 |
24.3 |
|
(iv) |
Government's currency liabilities to the public |
7,071 |
7,073 |
— |
— |
300 |
4.7 |
1 |
— |
1,026 |
18.2 |
407 |
6.1 |
|
(v) |
Banking sector's net non-monetary liabilities |
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other than time deposits |
2,60,234 |
2,42,111 |
–8,281 |
–3.3 |
20,565 |
12.2 |
–18,123 |
–7.0 |
67,730 |
55.9 |
53,288 |
28.2 |
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of which : Net non-monetary liabilities of RBI |
1,27,141 |
1,18,983 |
–4,714 |
–3.8 |
18,474 |
18.3 |
–8,159 |
–6.4 |
26,762 |
28.8 |
–710 |
–0.6 |
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@ : 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 |
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Millennium Deposits (IMDs), since November 17, 2000. |
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Figures in [ ] exclude the impact of mergers since May 3, 2002. |
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Government Balances as on March 31, 2003 are after closure of accounts. |