7. Money Stock : Components and Sources - ربی - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) |
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|
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Outstanding |
Variation over |
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Item |
as on |
Financial year so far |
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1999 |
Fortnight |
1998-99 |
1999-2000 |
Year |
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|
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Mar. 31# |
Jun. 4# |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
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|
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
|
|
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M3 |
9,74,328 |
10,04,792 |
4,135 |
0.4 |
27,170 |
3.3 |
30,464 |
3.1 |
1,50,414 |
17.6 |
|
Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
1,70,119 |
1,85,763 |
435 |
0.2 |
15,021 |
10.3 |
15,644 |
9.2 |
24,739 |
15.4 |
(ii) |
Demand deposits with banks |
1,30,267 |
1,24,458 |
-1,060 |
-0.8 |
-6,718 |
-5.7 |
-5,808 |
-4.5 |
13,240 |
11.9 |
(iii) |
Time deposits with banks |
6,70,130 |
6,91,736@ |
4,948 |
0.7 |
19,886 |
3.6 |
21,606 |
3.2 |
1,12,122 |
19.3 |
(iv) |
"Other" deposits with Reserve Bank |
3,812 |
2,835 |
-188 |
-6.2 |
-1,018 |
-28.8 |
-978 |
-25.6 |
313 |
12.4 |
Sources (i+ii+iii+iv-v) |
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(i) |
Net bank credit to Government (a+b) |
3,86,672 |
4,07,466 |
2,619 |
0.6 |
26,310 |
8.0 |
20,794 |
5.4 |
50,564 |
14.2 |
(a) Reserve Bank |
1,52,539 |
1,54,952 |
-227 |
-0.1 |
7,696 |
5.7 |
2,413 |
1.6 |
12,096 |
8.5 |
|
(b) Other Banks |
2,34,133 |
2,52,514 |
2,846 |
1.1 |
18,614 |
9.5 |
18,381 |
7.9 |
38,468 |
18.0 |
|
(ii) |
Bank credit to commercial sector (a+b) |
4,86,942 |
4,87,350 |
-1,215 |
-0.2 |
-2,998 |
-0.7 |
407 |
0.1 |
57,610 |
13.4 |
(a) Reserve Bank |
12,226 |
10,818 |
617 |
6.0 |
212 |
2.6 |
-1,408 |
-11.5 |
2,420 |
28.8 |
|
(b) Other Banks |
4,74,717 |
4,76,532 |
-1,832 |
-0.4 |
-3,210 |
-0.8 |
1,816 |
0.4 |
55,190 |
13.1 |
|
(iii) |
Net foreign exchange assets of banking sector |
1,48,633 |
1,54,194 |
542 |
0.4 |
2,217 |
1.8 |
5,561 |
3.7 |
25,407 |
19.7 |
(iv) |
Government's currency liabilities to the public |
3,705 |
3,705 |
|
|
85 |
2.5 |
|
|
267 |
7.8 |
(v) |
Banking sector's net non-monetary |
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liabilities other than time deposits |
51,624 |
47,922 |
-2,188 |
-4.4 |
-1,556 |
-2.4 |
-3,703 |
-7.2 |
-16,565 |
-25.7 |
|
of which : Net non-monetary liabilities of R.B.I. |
60,464 |
61,967 |
498 |
0.8 |
8,973 |
20.7 |
1,502 |
2.5 |
9,711 |
18.6 |
|
|
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@ : 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 15.5 per cent. |