7. Money Stock : Components and Sources - ربی - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) | |||||||||||
Outstanding | Variation over | ||||||||||
as on | |||||||||||
Item | Financial year so far | ||||||||||
1999 | Fortnight | 1998-99 | 1999-2000 | Year | |||||||
Mar. 31# | Apr. 23# | Amount | % | Amount | % | Amount | % | Amount | % | ||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | |
M3 | 9,74,328 | 9,91,732 | 3,708 | 0.4 | 14,499 | 1.8 | 17,404 | 1.8 | 1,50,024 | 17.8 | |
Components (i+ii+iii+iv) | |||||||||||
(i) | Currency with the Public | 1,70,119 | 1,79,469 | 3,919 | 2.2 | 8,731 | 6.0 | 9,350 | 5.5 | 24,734 | 16.0 |
(ii) | Demand deposits with banks | 1,30,267 | 1,29,458 | -3,212 | -2.4 | -3,746 | -3.2 | -809 | -0.6 | 15,268 | 13.4 |
(iii) | Time deposits with banks | 6,70,130 | 6,79,606@ | 3,753 | 0.6 | 10,556 | 1.9 | 9,476 | 1.4 | 1,09,321 | 19.2 |
(iv) | "Other" deposits with Reserve Bank | 3,812 | 3,199 | -753 | -19.0 | -1,041 | -29.4 | -613 | -16.1 | 700 | 28.0 |
Sources (i+ii+iii+iv-v) | |||||||||||
(i) | Net bank credit to Government (a+b) | 3,84,266 | 3,98,872 | 3,271 | 0.8 | 7,216 | 2.2 | 14,607 | 3.8 | 61,065 | 18.1 |
(a) Reserve Bank | 1,50,132 | 1,55,963 | 2,450 | 1.6 | -5,944 | -4.4 | 5,831 | 3.9 | 26,748 | 20.7 | |
(b) Other Banks | 2,34,133 | 2,42,909 | 820 | 0.3 | 13,160 | 6.7 | 8,776 | 3.7 | 34,317 | 16.5 | |
(ii) | Bank credit to commercial sector (a+b) | 4,86,942 | 4,88,322 | 388 | 0.1 | -1,840 | -0.4 | 1,380 | 0.3 | 57,424 | 13.3 |
(a) Reserve Bank | 12,226 | 10,269 | 1,812 | 21.4 | 16 | 0.2 | -1,957 | -16.0 | 2,067 | 25.2 | |
(b) Other Banks | 4,74,717 | 4,78,053 | -1,424 | -0.3 | -1,856 | -0.4 | 3,337 | 0.7 | 55,357 | 13.1 | |
(iii) | Net foreign exchange assets of banking sector | 1,48,633 | 1,49,836 | -56 | | 315 | 0.2 | 1,203 | 0.8 | 22,951 | 18.1 |
(iv) | Government's currency liabilities to the public | 3,705 | 3,705 | | | 35 | 1.1 | | | 317 | 9.4 |
(v) | Banking sector's net non-monetary liabilities | ||||||||||
other than time deposits | 49,218 | 49,003 | -105 | -0.2 | -8,773 | -13.3 | -214 | -0.4 | -8,266 | -14.4 | |
of which : Net non-monetary liabilities of R.B.I. | 58,058 | 60,960 | -183 | -0.3 | 3,037 | 7.0 | 2,903 | 5.0 | 14,641 | 31.6 | |
@ : Includes Rs. 17,945 crore on account of proceeds from Resurgent India Bonds (RIBs). Excluding these proceeds, the year-on-year M3 growth rate in column 11 would work out to be 15.7 per cent. |