7. Money Stock : Components and Sources - ربی - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) | |||||||||||||
Outstanding as on | Variation over | ||||||||||||
Financial year so far | Year-on-year | ||||||||||||
2004 | 2005 | Fortnight | |||||||||||
2003-2004 | 2004-2005 | 2004 | 2005 | ||||||||||
Item | Mar. 31# | Jan. 7# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
20,03,102 | 21,87,576 | 36,039 | 1.7 | 2,11,706 | 12.3 | 1,84,473 | 9.2 | 2,38,982 | 14.1 | 2,57,910 | 13.4 | ||
M3 | |||||||||||||
(21,84,007) | (1,80,904) | (9.0) | (2,54,341) | (13.2) | |||||||||
Components (i+ii+iii+iv) | |||||||||||||
(i) | Currency with the Public | 3,15,493 | 3,44,522 | 2,717 | 0.8 | 34,332 | 12.6 | 29,030 | 9.2 | 39,493 | 14.8 | 38,609 | 12.6 |
(ii) | Demand deposits with banks | 2,56,039 | 2,64,631 | 3,279 | 1.3 | 23,040 | 11.6 | 8,592 | 3.4 | 37,916 | 20.6 | 42,834 | 19.3 |
(iii) | Time deposits with banks @ | 14,26,451 | 15,73,928 | 30,215 | 2.0 | 1,54,261 | 12.4 | 1,47,476 | 10.3 | 1,60,993 | 13.0 | 1,75,288 | 12.5 |
(15,70,359) | (1,43,907) | (10.1) | (1,71,719) | (12.3) | |||||||||
(iv) | "Other" deposits with Reserve Bank | 5,119 | 4,495 | –173 | –3.7 | 74 | 2.3 | –624 | –12.2 | 580 | 21.2 | 1,179 | 35.5 |
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net Bank credit to Government (a+b) | 7,45,499 | 7,47,258 | 13,579 | 1.9 | 54,398 | 8.0 | 1,760 | 0.2 | 81,307 | 12.5 | 16,337 | 2.2 |
(7,35,065) | (–10,433) | (–1.4) | (4,144) | (0.6) | |||||||||
(a) Reserve Bank | 44,907 | –2,265 | –7,035 | — | –72,518 | — | –47,172 | — | –72,049 | — | –50,426 | — | |
(b) Other Banks | 7,00,591 | 7,49,523 | 20,614 | 2.8 | 1,26,917 | 22.8 | 48,932 | 7.0 | 1,53,356 | 29.0 | 66,763 | 9.8 | |
(ii) | Bank credit to commercial sector (a+b) | 10,17,902 | 12,21,955 | 10,549 | 0.9 | 76,693 | 8.5 | 2,04,053 | 20.0 | 1,12,957 | 13.1 | 2,46,281 | 25.2 |
(11,89,273) | (1,71,371) | (16.8) | (2,13,599) | (21.9) | |||||||||
(a) Reserve Bank | 2,061 | 1,890 | — | — | –892 | –29.3 | –172 | –8.3 | –845 | –28.2 | –267 | –12.4 | |
(b) Other Banks | 10,15,841 | 12,20,065 | 10,549 | 0.9 | 77,585 | 8.7 | 2,04,225 | 20.1 | 1,13,802 | 13.2 | 2,46,548 | 25.3 | |
(iii) | Net foreign exchange assets of banking sector | 5,26,586 | 5,97,376 | –8,543 | –1.4 | 1,09,592 | 27.8 | 70,790 | 13.4 | 1,20,160 | 31.4 | 94,069 | 18.7 |
(iv) | Government's currency liabilities to the public | 7,296 | 7,374 | — | — | 201 | 2.8 | 79 | 1.1 | 324 | 4.7 | 102 | 1.4 |
(v) | Banking sector's net non-monetary liabilities | ||||||||||||
other than time deposits | 2,94,181 | 3,86,388 | –20,453 | –5.0 | 29,179 | 11.3 | 92,208 | 31.3 | 75,766 | 35.8 | 98,880 | 34.4 | |
of which : Net non-monetary liabilities of RBI | 1,07,585 | 1,23,111 | –9,803 | –7.4 | 11,185 | 8.8 | 15,526 | 14.4 | 13,283 | 10.6 | –15,215 | –11.0 | |
@: Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. |