7. Money Stock : Components and Sources - ربی - 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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2003 |
Fortnight |
Financial year so far |
Year-on-year |
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2002-2003 |
2003-2004 |
2002 |
2003 |
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Item |
Mar. 31# |
Jul. 11# |
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 |
18,09,151 |
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] |
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Components (i+ii+iii+iv) |
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(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] |
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(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) |
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(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 |
|
(iii) |
Net foreign exchange assets of banking sector |
3,93,715 |
4,19,715 |
3,291 |
0.8 |
26,839 |
8.6 |
26,001 |
6.6 |
85,666 |
34.0 |
81,842 |
24.2 |
(iv) |
Government's currency liabilities to the public |
7,071 |
7,073 |
— |
— |
168 |
2.6 |
1 |
— |
969 |
17.4 |
538 |
8.2 |
(v) |
Banking sector's net non-monetary liabilities |
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other than time deposits |
2,60,234 |
2,44,062 |
–1,028 |
–0.4 |
26,056 |
15.5 |
–16,172 |
–6.2 |
74,365 |
62.0 |
49,749 |
25.6 |
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of which : Net non-monetary liabilities of RBI |
1,27,141 |
1,21,524 |
–5,199 |
–4.1 |
20,344 |
20.1 |
–5,618 |
–4.4 |
31,024 |
34.3 |
–39 |
— |
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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 |