(Rs. crore)

Source

Outstandings as on March 31/Reporting Fridays of the Month/Last Reporting Friday of the Month

2006-07

2007-08

2008-09

April 11, 2008

April 25, 2008

1

2

3

4

5

6

1.

Net Bank Credit to Government (A+B)

8,34,235

9,05,847

12,83,165

8,88,632

9,06,376

A.

RBI’s net credit to Government (i-ii)

2,423

-1,13,209

69,913

-1,72,832

-1,60,485

(i)

Claims on Government (a+b)

97,512

1,16,194

1,58,132

23,971

28,649

(a) Central Government (1)

97,184

1,14,725

1,57,488

23,011

28,179

(b) State Governments

328

1,468

644

960

471

(ii)

Government deposits with RBI (a+b)

95,089

2,29,403

88,218

1,96,803

1,89,135

(a) Central Government

95,048

2,29,361

88,177

1,96,762

1,89,093

(b) State Governments

41

41

41

41

41

B.

Other Banks’ Credit to Government

8,31,812

10,19,056

12,13,252

10,61,464

10,66,861

2.

Bank Credit to Commercial Sector(A+B)

21,30,078

25,77,137

30,12,673

25,45,765

25,38,694

A.

RBI’s credit to commercial sector (2)

1,537

1,788

13,820

1,383

1,383

B.

Other banks’ credit to commercial sector (i+ii+iii)

21,28,541

25,75,349

29,98,853

25,44,382

25,37,311

(i)

Bank credit by commercial banks

19,31,189

23,61,914

27,70,012

23,32,808

23,25,134

(ii)

Bank credit by co-operative banks

1,78,229

1,96,695

2,07,464

1,95,031

1,95,491

(iii)

Investments by commercial and co-operative banks in other securities

19,123

16,740

21,376

16,543

16,686

3.

Net Foreign Exchange Assets of Banking Sector (A+B)

9,13,179

12,95,131

13,22,847

13,04,576

13,13,863

A.

RBIs net foreign exchange assets (i-ii)(3)

8,66,153

12,36,130

12,80,116

12,45,574

12,54,862

(i)

Gross foreign assets

8,66,170

12,36,147

12,80,133

12,45,592

12,54,879

(ii)

Foreign liabilities

17

17

17

17

17

B.

Other banks’ net foreign exchange assets

47,026

59,001

42,731

59,001

59,001

4.

Government’s Currency Liabilities to the Public

8,161

9,224

9,984

9,224

9,319

5.

Banking Sector’s net Non-monetary Liabilities Other than Time Deposits (A+B)

5,69,660

7,69,767

8,70,165

7,21,279

7,28,445

A.

Net non-monetary liabilities of RBI(3)

1,77,019

2,10,221

3,96,289

2,09,968

2,17,239

B.

Net non-monetary liabilities of other banks(residual)

3,92,641

5,59,546

4,73,877

5,11,311

5,11,206

M₃ (1+2+3+4-5)

33,15,993

40,17,573

47,58,504

40,26,918

40,39,807

No. 11: Sources of Money Stock (M₃) (Concld.)

(Rs.crore)

Source

Outstandings as on March 31/Reporting Fridays of the Month/Last Reporting Friday of the Month

December 2008

January 2009

February 2009

March 2009

April 10, 2009

April 24, 2009

1

7

8

9

10

11

12

1.

Net Bank Credit to Government (A+B)

11,02,280

11,77,182

11,97,044

12,83,165

12,87,682

13,35,940

A.

RBI’s net credit to Government (i-ii)

-31,632

-46,952

-39,791

69,913

-8,967

51,150

(i)

Claims on Government (a+b)

88,560

61,954

62,342

1,58,132

62,320

1,21,508

(a) Central Government (1)

88,255

61,174

62,099

1,57,488

61,063

1,20,777

(b) State Governments

305

779

243

644

1,257

731

(ii)

Government deposits with RBI (a+b)

1,20,192

1,08,906

1,02,133

88,218

71,287

70,358

(a) Central Government

1,20,151

1,08,864

1,02,091

88,177

71,246

70,317

(b) State Governments

41

41

41

41

41

41

B.

Other Banks’ Credit to Government

11,33,913

12,24,134

12,36,834

12,13,252

12,96,648

12,84,790

2.

Bank Credit to Commercial Sector(A+B)

28,56,874

28,58,871

29,01,670

30,12,673

30,16,045

29,89,128

A.

RBI’s credit to commercial sector (2)

1,381

4,399

6,841

13,820

13,370

13,036

B.

Other banks’ credit to commercial sector (i+ii+iii)

28,55,494

28,54,472

28,94,830

29,98,853

30,02,675

29,76,092

(i)

Bank credit by commercial banks

26,43,734

26,37,780

26,68,090

27,70,012

27,71,441

27,46,175

(ii)

Bank credit by co-operative banks

1,96,917

2,03,199

2,05,624

2,07,464

2,09,610

2,08,040

(iii)

Investments by commercial and co-operative banks in other securities

14,843

13,493

21,115

21,376

21,625

21,877

3.

Net Foreign Exchange Assets of Banking Sector (A+B)

12,36,799

12,57,323

13,03,156

13,22,847

13,02,691

13,03,950

A.

RBI’s net foreign exchange assets
(i-ii)(3)

11,94,068

12,14,592

12,60,424

12,80,116

12,59,959

12,61,219

(i)

Gross foreign assets

11,94,086

12,14,609

12,60,442

12,80,133

12,59,977

12,61,236

(ii)

Foreign liabilities

17

17

17

17

17

17

B.

Other banks’ net foreign exchange assets

42,731

42,731

42,731

42,731

42,731

42,731

4.

Government’s Currency Liabilities to the Public

9,841

9,817

9,984

9,984

9,984

9,984

5.

Banking Sector’s net Non-monetary Liabilities Other than Time Deposits (A+B)

7,69,109

7,49,702

7,69,144

8,70,165

7,62,490

7,57,074

A.

Net non-monetary liabilities of RBI(3)

2,98,807

3,13,735

3,56,854

3,96,289

3,71,541

3,78,114

B.

Net non-monetary liabilities of other banks(residual)

4,70,302

4,35,967

4,12,290

4,73,877

3,90,949

3,78,960

M3 (1+2+3+4-5)

44,36,686

45,53,490

46,42,710

47,58,504

48,53,911

48,81,928

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 to the last working day of the fiscal year.
2.Government Balances as on March 31, 2009 are before closure of accounts.
3.Net Foreign Exchange Assets of the RBI includes investments in foreign currency denominated bonds issued by IIFC (UK) since March 20, 2009. Also see ‘Notes on Tables’.