(Amount in rupees crore)

Item

2003-04

2002-03

2001-02

July

March

    December

    September

June

March

1

2

3

4

5

6

7

1.

Export Credit Refinance

A) Limit

4,827

5,048

5,072

5,198

5,800

9,086

a)

Normal

2,413.5

2,524

2,536

3,467

3,869

6,060

b)

Backstop

2,413.5

2,524

2,536

1,731

1,931

3,026

B) Outstanding

3

85

34

12

336

3,194

a)

Normal

3

62

34

12

264

3,144

b)

Backstop

0

23

0

0

72

50

2.

Collateralised Lending Facility (CLF)

A) Limit

–

–

–

328

657

657

a)

Normal

–

–

–

219

438

438

b)

Backstop

–

–

–

109

219

219

B) Outstanding

–

–

–

0

0

23

a)

Normal

–

–

–

0

0

23

b)

Backstop

–

–

–

0

0

0

Memo Items :

1.

Aggregate Export Credit $

52,654

50,248

45,984

44,804

47,225

43,123

2.

Export Credit eligible for Refinance

32,180

33,655

33,817

34,652

38,669

35,461

3.

Aggregate Export Credit as percentage

of Net Bank Credit

7.13

6.8

6.7

6.8

7.3

7.4

$ Inclusive of Rupee export credit, pre-shipment credit in foreign currency (PCFC), rediscounting of export bills abroad (EBR) and overdue export credit.
Note :
1. Data pertain to the last reporting Friday of the month.
2. Effective April 1, 2002, ECR facility is being provided to the banks to the extent of 15 per cent of the outstanding export credit eligible for refinance as at the end of second precending fortnight. Apportiontment of normal and back-stop under ECR facility has been changed from initial ratio of two-third to one-third (i.e., 67:33) to one half (50:50) each effective from November 16, 2002.
3. CLF was being provided to the extent of 0.125 per cent of a bank’s average aggregate deposits during April 1997 - March 1998. Limits for the CLF were reduced by 50 per cent effective from July 27, 2002. CLF withdrawn effective from October 5, 2002.