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 |
||||
2007-08 |
2008-09 |
2009-10 |
Mar. 8, |
Mar. 22, |
|
1 |
2 |
3 |
4 |
5 |
6 |
1. Net Bank Credit to Government (A+B) |
8,99,518 |
12,77,333 |
16,67,096 |
13,62,831 |
13,66,652 |
A. RBI’s net credit to Government (i-ii) |
-113,209 |
61,580 |
2,11,586 |
42,490 |
57,275 |
(i) Claims on Government (a+b) |
1,16,194 |
1,59,166 |
2,22,719 |
83,191 |
97,306 |
(a) Central Government (1) |
1,14,725 |
1,57,488 |
2,22,673 |
83,191 |
97,306 |
(b) State Governments |
1,468 |
1,678 |
46 |
0 |
0 |
(ii) Government deposits with RBI (a+b) |
2,29,403 |
97,586 |
11,134 |
40,702 |
40,032 |
(a) Central Government |
2,29,361 |
95,727 |
11,092 |
40,029 |
39,990 |
(b) State Governments |
41 |
1,859 |
41 |
673 |
41 |
B. Other Banks’ Credit to Government |
10,12,727 |
12,15,753 |
14,55,511 |
13,20,341 |
13,09,378 |
2. Bank Credit to Commercial Sector (A+B) |
25,78,990 |
30,14,893 |
34,92,781 |
29,89,998 |
29,72,511 |
A. RBI’s credit to commercial sector (2) |
1,788 |
13,820 |
1,328 |
12,779 |
12,995 |
B. Other banks’ credit to commercial sector (i+ii+iii) |
25,77,201 |
30,01,073 |
34,91,453 |
29,77,220 |
29,59,516 |
(i) Bank credit by commercial banks |
23,61,914 |
27,75,549 |
32,44,788 |
27,52,996 |
27,36,452 |
(ii) Bank credit by co-operative banks |
1,98,816 |
2,10,893 |
2,34,655 |
2,09,869 |
2,08,790 |
(iii) Investments by commercial and |
16,472 |
14,631 |
12,010 |
14,354 |
14,274 |
co-operative banks in other securities |
|
|
|
|
|
3. Net Foreign Exchange Assets of Banking Sector (A+B) |
12,95,131 |
13,52,184 |
12,81,469 |
13,28,730 |
13,00,114 |
A. RBI’s net foreign exchange assets (i-ii)(3) |
12,36,130 |
12,80,116 |
12,31,949 |
12,56,662 |
12,28,046 |
(i) Gross foreign assets |
12,36,147 |
12,80,133 |
12,31,966 |
12,56,679 |
12,28,063 |
(ii) Foreign liabilities |
17 |
17 |
17 |
17 |
17 |
B. Other banks’ net foreign exchange assets |
59,001 |
72,068 |
49,520 |
72,068 |
72,068 |
4. Government’s Currency Liabilities to the Public |
9,224 |
10,054 |
11,270 |
10,121 |
10,212 |
5. Banking Sector’s net Non-monetary Liabilities Other than Time Deposits (A+B) |
7,64,980 |
8,59,652 |
8,52,854 |
7,52,367 |
6,97,734 |
A. Net non-monetary liabilities of RBI(3) |
2,10,221 |
3,87,930 |
3,01,615 |
3,81,898 |
3,53,109 |
B. Net non-monetary liabilities of other banks(residual) |
5,54,759 |
4,71,723 |
5,51,239 |
3,70,469 |
3,44,625 |
M3 (1+2+3+4-5) |
40,17,883 |
47,94,812 |
55,99,762 |
49,39,313 |
49,51,755 |
No. 11: Sources of Money Stock (M3) (Concld.)
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(Rs.crore) |
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Source |
Outstandings as on March 31/Reporting Fridays of the Month/Last Reporting Friday of the Month |
|||||
January |
February |
March |
April |
May 7, |
May 21, |
|
1 |
7 |
8 |
9 |
10 |
11 |
12 |
1. Net Bank Credit to Government (A+B) |
15,61,642 |
16,02,305 |
16,67,096 |
16,99,256 |
17,12,316 |
17,23,241 |
A. RBI’s net credit to Government (i-ii) |
90,212 |
1,51,876 |
2,11,586 |
1,89,716 |
2,14,461 |
2,12,485 |
(i) Claims on Government (a+b) |
1,02,202 |
1,61,814 |
2,22,719 |
1,92,595 |
2,17,340 |
2,12,944 |
(a) Central Government (1) |
1,01,424 |
1,60,747 |
2,22,673 |
1,92,073 |
2,16,744 |
2,12,944 |
(b) State Governments |
778 |
1,067 |
46 |
521 |
596 |
0 |
(ii) Government deposits with RBI (a+b) |
11,989 |
9,938 |
11,134 |
2,879 |
2,879 |
459 |
(a) Central Government |
11,948 |
7,959 |
11,092 |
2,838 |
2,837 |
418 |
(b) State Governments |
41 |
1,979 |
41 |
41 |
41 |
41 |
B. Other Banks’ Credit to Government |
14,71,429 |
14,50,429 |
14,55,511 |
15,09,541 |
14,97,855 |
15,10,756 |
2. Bank Credit to Commercial Sector (A+B) |
32,83,968 |
33,42,390 |
34,92,781 |
34,58,612 |
34,71,426 |
34,72,531 |
A. RBI’s credit to commercial sector (2) |
5,468 |
4,713 |
1,328 |
1,328 |
1,328 |
1,328 |
B. Other banks’ credit to commercial sector (i+ii+iii) |
32,78,500 |
33,37,677 |
34,91,453 |
34,57,284 |
34,70,098 |
34,71,203 |
(i) Bank credit by commercial banks |
30,31,224 |
30,92,750 |
32,44,788 |
32,15,279 |
32,27,771 |
32,30,178 |
(ii) Bank credit by co-operative banks |
2,34,765 |
2,33,013 |
2,34,655 |
2,28,919 |
2,30,041 |
2,28,575 |
(iii) Investments by commercial and co-operative banks in other securities |
12,511 |
11,914 |
12,010 |
13,086 |
12,285 |
12,450 |
3. Net Foreign Exchange Assets of Banking Sector (A+B) |
13,16,708 |
13,01,275 |
12,81,469 |
12,68,138 |
12,79,235 |
13,00,404 |
A. RBI’s net foreign exchange assets (i-ii)(3) |
12,73,618 |
12,58,185 |
12,31,949 |
12,18,618 |
12,29,715 |
12,50,884 |
(i) Gross foreign assets |
12,73,635 |
12,58,203 |
12,31,966 |
12,18,635 |
12,29,732 |
12,50,901 |
(ii) Foreign liabilities |
17 |
17 |
17 |
17 |
17 |
17 |
B. Other banks’ net foreign exchange assets |
43,090 |
43,090 |
49,520 |
49,520 |
49,520 |
49,520 |
4. Government’s Currency Liabilities to the Public |
11,054 |
11,168 |
11,270 |
11,401 |
11,401 |
11,508 |
5. Banking Sector’s net Non-monetary Liabilities Other than Time Deposits (A+B) |
8,10,557 |
8,12,962 |
8,52,854 |
8,01,200 |
8,01,029 |
8,34,193 |
A. Net non-monetary liabilities of RBI(3) |
3,54,675 |
3,39,698 |
3,01,615 |
2,93,570 |
2,96,456 |
3,16,810 |
B. Net non-monetary liabilities of other banks (residual) |
4,55,882 |
4,73,264 |
5,51,239 |
5,07,630 |
5,04,573 |
5,17,383 |
M3 (1+2+3+4-5) |
53,62,815 |
54,44,175 |
55,99,762 |
56,36,207 |
56,73,349 |
56,73,491 |
Notes : 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. |