(Rs. crore)

Outstanding as on

Variation over

Financial year so far

Year-on-year

2003

Fortnight

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

Jun. 13#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,24,578

17,98,176

7,966

0.4

1,05,271

7.0

73,598

4.3

2,28,044

16.6

1,92,902

12.0

[16,94,907]

[64,938]

[4.3]

[1,87,711]

[13.6]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,71,662

2,94,082

4,538

1.6

20,658

8.6

22,419

8.3

32,716

14.3

32,024

12.2

(ii)

Demand deposits with banks

1,96,473

2,01,158

–1,998

–1.0

–2,306

–1.3

4,685

2.4

13,496

8.3

25,180

14.3

(iii)

Time deposits with banks@

12,53,169

13,00,184

5,160

0.4

87,398

8.1

47,014

3.8

1,82,654

18.6

1,35,316

11.6

[12,23,498]

[47,065]

[4.4]

[1,42,321]

[14.5]

(iv)

"Other" deposits with Reserve Bank

3,273

2,752

266

10.7

–478

–16.8

–521

–15.9

–823

–25.8

381

16.1

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

(i)

Net Bank credit to Government (a+b)

6,74,352

7,09,641

307

—

51,643

8.8

35,288

5.2

84,930

15.4

71,531

11.2

(a) Reserve Bank

1,20,102

1,19,304

–4,241

–3.4

14,813

9.7

–798

–0.7

–5,181

–3.0

–47,687

–28.6

(b) Other Banks

5,54,250

5,90,337

4,548

0.8

36,830

8.5

36,086

6.5

90,111

23.7

1,19,218

25.3

(ii)

Bank credit to commercial sector (a+b)

9,04,489

9,11,862

–406

—

55,639

7.4

7,373

0.8

1,29,495

19.0

99,958

12.3

(a) Reserve Bank

3,048

3,027

19

0.6

–2,949

–49.7

–21

–0.7

–8,187

–73.3

48

1.6

(b) Other Banks

9,01,440

9,08,835

–425

—

58,588

7.8

7,394

0.8

1,37,682

20.5

99,910

12.4

(iii)

Net foreign exchange assets of banking sector

3,99,235

4,25,919

2,348

0.6

9,412

3.0

26,684

6.7

68,689

26.9

1,01,774

31.4

(iv)

Government's currency liabilities to the public

6,910

6,910

—

—

93

1.5

—

—

971

17.7

450

7.0

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,407

2,56,155

–5,717

–2.2

11,516

7.0

–4,252

–1.6

56,042

47.0

80,812

46.1

of which : Net non-monetary liabilities of RBI

1,26,533

1,33,553

1,584

1.2

14,043

13.9

7,020

5.5

29,336

34.1

18,291

15.9

@ : 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 before closure of accounts.