(Amount in Rupees crore)

Outstanding as

Variations

Item

on March 31,

April-June

2001 P

2000-01P

1999-2000

2001-02P

2000-01P

Absolute

Per cent

Absolute

Per cent

Absolute

Per cent

Absolute

Per cent

1

2

3

4

5

6

7

8

9

10

I.

Broad Money (M₃) (1+2+3)

13,11,583

1,87,409

16.7

1,43,214

14.6

63,451

4.8

52,982

4.7

1.

Currency with the Public

2,09,562

20,480

10.8

20,138

11.9

12,310

5.9

8,507

4.5

2.

Aggregate Deposits with

Banks (a+b)

10,98,391

1,66,333

17.8

1,23,779

15.3

50,783

4.6

42,861

4.6

a)

Demand Deposits

1,66,599

16,918

11.3

13,293

9.7

1,898

1.1

1,494

1.0

b)

Time Deposits $

9,31,792

1,49,414

19.1

1,10,486

16.4

48,884

5.2

41,367

5.3

3.

'Other' Deposits with the RBI

3,630

596

19.6

-703

-18.8

359

9.9

1,615

53.2

II.

Narrow Money (M₁)[I.1+I.2(a)+I.3]

3,79,791

37,994

11.1

32,728

10.6

14,567

3.8

11,615

3.4

III.

Sources of Money Stock (M₃)

(1+2+3+4-5)

1.

Net Bank Credit to Government

5,12,380

71,002

16.1

54,702

14.1

39,878

7.8

29,088

6.6

(A+B)

A.

Net RBI credit to Government

1,53,877

5,613

3.8

-4,275

-2.8

15,742

10.2

8,303

5.6

(a+b)

a. Net RBI credit to

1,46,534

6,705

4.8

-5,587

-3.8

19,523

13.3

14,393

10.3

Central Government

b. Net RBI credit to

7,343

-1,092

-12.9

1,312

18.4

-3,781

-51.5

-6,089

-72.2

State Governments

B.

Other banks' credit to

3,58,504

65,389

22.3

58,977

25.2

24,136

6.7

20,784

7.1

Government

2.

Bank Credit to

6,73,216

86,652

14.8

90,574

18.3

4,271

0.6

21,646

3.7

Commercial Sector (a+b)

a)

RBI's credit to

13,287

-1,983

-13.0

3,044

24.9

-3,111

-23.4

-3,153

-20.6

commercial sector

b)

Other banks' credit to

6,59,929

88,635

15.5

87,530

18.1

7,382

1.1

24,799

4.3

commercial sector

3.

Net Foreign Exchange Assets of

2,49,820

44,172

21.5

27,794

15.6

7,187

2.9

927

0.5

Banking Sector (a+b)

a)

RBI's net foreign

1,97,175

31,295

18.9

27,927

20.2

7,187

3.6

-1,824

-1.1

exchange assets

b)

Other banks' net foreign

52,645

12,877

32.4

-132

-0.3

0

0.0

2,751

6.9

exchange assets

4.

Government's Currency Liabilities

5,354

776

16.9

732

19.0

0

0.0

182

4.0

to the Public

5.

Banking Sector's Net

1,29,186

15,192

13.3

30,588

36.7

-12,115

-9.4

-1,139

-1.0

Non-Monetary Liabilities

other than Time Deposits (a+b)

a)

Net non-monetary liabilities

79,345

9,123

13.0

9,682

16.0

7,086

8.9

7,605

10.8

of RBI

b)

Net non-monetary liabilities

49,841

6,069

13.9

20,906

91.4

-19,201

-38.5

-8,744

-20.0

of other banks (residual)

Memo Items : Select Monetary Ratios

1.

M₃ Multiplier

4.32

2.

Bankers' Reserves to Aggregate

7.4

Deposits Ratio

3.

Currency to Aggregate Deposits Ratio

19.1

P Provisional.

$

$ Includes Resurgent India Bonds worth Rs. 17,945 crore since August 28, 1998 and India Millennium Deposits worth Rs. 25,662 crore since November 17, 2000.

Note :

Revised in line with the new accounting standards and consistent with the methodology suggested by the Working Group on Money Supply : Analytics and Methodology of Compilation (Chairman: Dr. Y.V. Reddy), June 1998. The revision is in respect of pension and provident funds with commercial banks which are classified as other demand and time liabilities and includes those banks which have reported such changes so far.