(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#

Sep. 19#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,37,660

2,034

0.1

1,43,132

9.6

1,12,437

6.5

2,33,581

16.6

1,96,173

12.0

[16,95,551]

[1,06,000]

[7.1]

[1,96,449]

[14.0]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,83,472

–1,809

–0.6

10,153

4.2

12,489

4.6

32,469

14.9

32,525

13.0

(ii)

Demand deposits with banks

1,98,602

2,02,933

–3,117

–1.5

–747

–0.4

4,331

2.2

16,318

10.1

24,481

13.7

(iii)

Time deposits with banks@

12,52,396

13,46,782

6,741

0.5

1,33,097

12.4

94,386

7.5

1,84,633

18.0

1,38,173

11.4

[12,22,725]

[95,965]

[8.9]

[1,47,501]

[14.4]

(iv)

"Other" deposits with Reserve Bank

3,242

4,474

219

5.1

630

22.1

1,231

38.0

161

4.8

995

28.6

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,08,258

–8,696

–1.2

45,238

7.7

30,199

4.5

73,979

13.2

73,456

11.6

(a) Reserve Bank

1,20,679

63,082

–10,017

–13.7

–23,991

–15.8

–57,597

–47.7

–23,843

–15.7

–65,105

–50.8

(b) Other Banks

5,57,379

6,45,176

1,320

0.2

69,229

15.8

87,796

15.8

97,822

23.9

1,38,560

27.4

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,17,514

3,301

0.4

69,770

9.2

10,903

1.2

1,31,358

18.8

88,098

10.6

(a) Reserve Bank

3,048

3,014

36

1.2

–3,002

–50.6

–35

–1.1

–7,575

–72.1

87

3.0

(b) Other Banks

9,03,564

9,14,501

3,265

0.4

72,772

9.7

10,937

1.2

1,38,933

20.2

88,011

10.6

(iii)

Net foreign exchange assets of banking sector

3,93,715

4,43,311

5,382

1.2

38,072

12.2

49,596

12.6

78,378

29.0

94,204

27.0

(iv)

Government's currency liabilities to the public

7,071

7,179

—

—

424

6.7

108

1.5

985

17.0

389

5.7

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,234

2,38,602

–2,048

–0.9

10,371

6.2

–21,632

–8.3

51,120

40.1

59,973

33.6

of which : Net non-monetary liabilities of RBI

1,27,141

1,15,122

5,350

4.9

10,069

9.9

–12,019

–9.5

19,500

21.2

3,833

3.4

@ : 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.