5. Accommodation Provided by Scheduled Commercial Banks to Commercial Sector in the form of Bank Credit and Investments in Shares/Debentures/Bonds/Commercial Paper etc.

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Date: January 02, 1999

							(Rs. crore)

			1998-99				1997-98
			Outstanding		Variations		Outstanding		Variations
			as on		(3) - (2)		as on		(6) - (5)
		*Item*	1998				1997
			Mar. 27	Dec. 18			Mar. 28	Dec. 19
		1	2	3	4		5	6	7

1.	Bank Credit		3,24,079	3,38,953	14,874		2,78,401	2,91,111	12,710
					(4.6)				(4.6)

	A.	Food Credit	12,485	15,987	3,502		7,597	12,026	4,429

	B.	Non-Food Credit	3,11,594	3,22,966	11,372		2,70,805	2,79,085	8,280
					(3.6)				(3.1)

2.	Investments £		33,084	43,692	@	10,608	19,411	31,760+	12,349

	A.	Commercial Paper	2,066	4,481	2,416		652	5,775	5,123

	B.	Bonds/Debentures/Preference Shares issued by	29,548	37,483	7,935		17,573	24,646	7,073

		a. Public Sector Undertakings	20,016	23,078	3,062		15,209	18,399	3,190

		b. Private Corporate Sector	9,532	14,405	4,873		2,363	6,247	3,883

	C.	Equity Shares issued by PSUs and Private	1,427	1,664	237		1,158	1,309	152
		Corporate Sector

	D.	Loans to Corporates against shares held by them to enable them to meet the promoters' contribution to the equity of new companies in anticipation of raising resources	44	64	20		29	31	2

3.	Bills rediscounted with Financial Institutions		229	628	@@	399	1,029	573++	-456

4.	Total of (1B + 2 + 3)		3,44,907	3,67,286	22,379		2,91,245	3,11,418	20,174

	*	:	Subject to changes as a result of introduction of common valuation method and uniform classification.
	@	:	Upto November 20, 1998. @@ : Upto October 31,1998.	+ : Upto November 21, 1997.	++ : Upto October 31, 1997.
	£	:	In view of inadequate availability of latest data, the information about investments have been repeated.

Note :	1.		Figures in brackets are percentage variations.
	2.		Data on Investments are Provisional and Tentative.