11. Sources of money stock (M3) - RBI - Reserve Bank of India
11. Sources of money stock (M3)
(Rs. crore) |
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Source |
Outstandings as on March 31/Reporting Fridays of the Month/Last Reporting Friday of the Month |
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2006-07 |
2007-08 |
2008-09 |
March 14, 2008 |
March 28, 2008 |
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1 |
2 |
3 |
4 |
5 |
6 |
|||
1. |
Net Bank Credit to Government (A+B) |
8,34,235 |
9,05,847 |
12,83,165 |
8,68,424 |
8,50,767 |
||
|
A. |
RBI’s net credit to Government (i-ii) |
2,423 |
-1,13,209 |
69,913 |
-1,61,454 |
-1,68,235 |
|
|
|
(i) |
Claims on Government (a+b) |
97,512 |
1,16,194 |
1,58,132 |
56,079 |
83,843 |
|
|
|
(a) Central Government (1) |
97,184 |
1,14,725 |
1,57,488 |
56,079 |
83,843 |
|
|
|
(b) State Governments |
328 |
1,468 |
644 |
- |
- |
|
|
(ii) |
Government deposits with RBI (a+b) |
95,089 |
2,29,403 |
88,218 |
2,17,532 |
2,52,078 |
|
|
|
(a) Central Government |
95,048 |
2,29,361 |
88,177 |
2,17,491 |
2,52,037 |
|
|
|
(b) State Governments |
41 |
41 |
41 |
41 |
41 |
|
B. |
Other Banks’ Credit to Government |
8,31,812 |
10,19,056 |
12,13,252 |
10,29,877 |
10,19,003 |
|
2. |
Bank Credit to Commercial Sector(A+B) |
21,30,078 |
25,77,137 |
30,12,673 |
24,88,232 |
25,75,581 |
||
|
A. |
RBI’s credit to commercial sector (2) |
1,537 |
1,788 |
13,820 |
1,383 |
1,879 |
|
|
B. |
Other banks’ credit to commercial sector (i+ii+iii) |
21,28,541 |
25,75,349 |
29,98,853 |
24,86,849 |
25,73,703 |
|
|
|
(i) |
Bank credit by commercial banks |
19,31,189 |
23,61,914 |
27,70,012 |
22,77,640 |
23,61,914 |
|
|
(ii) |
Bank credit by co-operative banks |
1,78,229 |
1,96,695 |
2,07,464 |
1,92,507 |
1,95,030 |
|
|
(iii) |
Investments by commercial and co-operative banks in other securities |
19,123 |
16,740 |
21,376 |
16,703 |
16,759 |
3. |
Net Foreign Exchange Assets of Banking Sector (A+B) |
9,13,179 |
12,95,131 |
13,22,847 |
12,67,628 |
12,96,718 |
||
|
A. |
RBI’s net foreign exchange assets (i-ii)(3) |
8,66,153 |
12,36,130 |
12,80,116 |
12,37,461 |
12,37,716 |
|
|
|
(i) |
Gross foreign assets |
8,66,170 |
12,36,147 |
12,80,133 |
12,37,479 |
12,37,734 |
|
|
(ii) |
Foreign liabilities |
17 |
17 |
17 |
17 |
17 |
|
B. |
Other banks’ net foreign exchange assets |
47,026 |
59,001 |
42,731 |
30,167 |
59,001 |
|
4. |
Government’s Currency Liabilities to the Public |
8,161 |
9,224 |
9,984 |
9,137 |
9,224 |
||
5. |
Banking Sector’s net Non-monetary |
5,69,660 |
7,69,767 |
8,70,165 |
7,43,591 |
7,21,762 |
||
|
A. |
Net non-monetary liabilities of RBI(3) |
1,77,019 |
2,10,221 |
3,96,289 |
2,23,048 |
2,15,505 |
|
|
B. |
Net non-monetary liabilities of other |
3,92,641 |
5,59,546 |
4,73,877 |
5,20,543 |
5,06,257 |
|
M3 (1+2+3+4-5) |
33,15,993 |
40,17,573 |
47,58,504 |
38,89,830 |
40,10,528 |
No. 11: Sources of Money Stock (M3) (Concld.) |
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(Rs.crore) |
|||||||||
Source |
Outstandings as on March 31/Reporting Fridays of the Month/Last Reporting Friday of the Month |
||||||||
November |
December |
January 2009 |
February |
March 13, 2009 |
March 27, 2009 |
||||
1 |
8 |
9 |
10 |
11 |
12 |
13 |
|||
1. |
Net Bank Credit to Government (A+B) |
10,55,253 |
11,02,280 |
11,77,182 |
11,97,044 |
12,28,861 |
12,46,097 |
||
|
A. |
RBI’s net credit to Government (i-ii) |
-61,506 |
-31,632 |
-46,952 |
-39,791 |
-3,278 |
32,845 |
|
|
|
(i) |
Claims on Government (a+b) |
81,002 |
88,560 |
61,954 |
62,342 |
84,941 |
1,22,068 |
|
|
|
(a) Central Government (1) |
80,964 |
88,255 |
61,174 |
62,099 |
84,941 |
1,22,068 |
|
|
|
(b) State Governments |
39 |
305 |
779 |
243 |
|
- |
|
|
(ii) |
Government deposits with RBI (a+b) |
1,42,508 |
1,20,192 |
1,08,906 |
1,02,133 |
88,219 |
89,223 |
|
|
|
(a) Central Government |
1,42,467 |
1,20,151 |
1,08,864 |
1,02,091 |
88,178 |
88,178 |
|
|
|
(b) State Governments |
41 |
41 |
41 |
41 |
41 |
1,045 |
|
B. |
Other Banks’ Credit to Government |
11,16,759 |
11,33,913 |
12,24,134 |
12,36,834 |
12,32,139 |
12,13,252 |
|
2. |
Bank Credit to Commercial Sector(A+B) |
28,43,044 |
28,56,874 |
28,58,871 |
29,01,670 |
29,23,100 |
30,09,987 |
||
|
A. |
RBI’s credit to commercial sector (2) |
1,514 |
1,381 |
4,399 |
6,841 |
8,103 |
11,134 |
|
|
B. |
Other banks’ credit to commercial sector (i+ii+iii) |
28,41,529 |
28,55,494 |
28,54,472 |
28,94,830 |
29,14,998 |
29,98,853 |
|
|
|
(i) |
Bank credit by commercial banks |
26,33,180 |
26,43,734 |
26,37,780 |
26,68,090 |
26,90,513 |
27,70,012 |
|
|
(ii) |
Bank credit by co-operative banks |
1,93,425 |
1,96,917 |
2,03,199 |
2,05,624 |
2,03,225 |
2,07,464 |
|
|
(iii) |
Investments by commercial and co-operative banks in other securities |
14,924 |
14,843 |
13,493 |
21,115 |
21,259 |
21,376 |
3. |
Net Foreign Exchange Assets of Banking Sector (A+B) |
12,45,691 |
12,36,799 |
12,57,323 |
13,03,156 |
13,22,711 |
13,14,447 |
||
|
A. |
RBI’s net foreign exchange assets (i-ii)(3) |
12,26,829 |
11,94,068 |
12,14,592 |
12,60,424 |
12,79,980 |
12,71,716 |
|
|
|
(i) |
Gross foreign assets |
12,26,847 |
11,94,086 |
12,14,609 |
12,60,442 |
12,79,997 |
12,71,734 |
|
|
(ii) |
Foreign liabilities |
17 |
17 |
17 |
17 |
17 |
17 |
|
B. |
Other banks’ net foreign exchange assets |
18,862 |
42,731 |
42,731 |
42,731 |
42,731 |
42,731 |
|
4. |
Government’s Currency Liabilities to the Public |
9,787 |
9,841 |
9,817 |
9,984 |
9,984 |
9,984 |
||
5. |
Banking Sector’s net Non-monetary Liabilities Other than Time Deposits (A+B) |
7,69,620 |
7,69,109 |
7,49,702 |
7,69,144 |
8,28,648 |
8,22,611 |
||
|
A. |
Net non-monetary liabilities of RBI(3) |
3,24,871 |
2,98,807 |
3,13,735 |
3,56,854 |
3,88,606 |
3,90,215 |
|
|
B. |
Net non-monetary liabilities of other banks(residual) |
4,44,749 |
4,70,302 |
4,35,967 |
4,12,290 |
4,40,042 |
4,32,396 |
|
M3 (1+2+3+4-5) |
43,84,156 |
44,36,686 |
45,53,490 |
46,42,710 |
46,56,009 |
47,57,905 |
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Note : 1. Monetary aggregates as at end-March incorporate data on i) scheduled commercial banks as on last reporting Friday and ii) the Reserve Bank of India pertaining |