7. Money Stock : Components and Sources - RBI - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) |
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|
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Outstanding |
Variation over |
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as on |
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|
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Item |
Financial year so far |
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1999 |
Fortnight |
1998-99 |
1999-2000 |
Year |
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|
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Mar. 31# |
Jun. 18# |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
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|
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
|
|
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M3 |
9,74,328 |
10,19,232 |
9,926 |
1.0 |
34,657 |
4.2 |
44,904 |
4.6 |
1,57,366 |
18.3 |
|
Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
1,70,119 |
1,85,142 |
-601 |
-0.3 |
12,113 |
8.3 |
15,023 |
8.8 |
27,025 |
17.1 |
(ii) |
Demand deposits with banks |
1,30,267 |
1,33,348 |
8,149 |
6.5 |
-4,849 |
-4.1 |
3,081 |
2.4 |
20,260 |
17.9 |
(iii) |
Time deposits with banks |
6,70,130 |
6,95,619@ |
98 |
|
26,592 |
4.8 |
25,489 |
3.8 |
1,09,299 |
18.6 |
(iv) |
"Other" deposits with Reserve Bank |
3,812 |
5,123 |
2,279 |
80.2 |
802 |
22.6 |
1,311 |
34.4 |
781 |
18.0 |
Sources (i+ii+iii+iv-v) |
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(i) |
Net bank credit to Government (a+b) |
3,86,672 |
4,12,104 |
5,051 |
1.2 |
30,067 |
9.1 |
25,432 |
6.6 |
51,446 |
14.3 |
(a) Reserve Bank |
1,52,539 |
1,55,968 |
1,016 |
0.7 |
15,182 |
11.2 |
3,429 |
2.2 |
5,627 |
3.7 |
|
(b) Other Banks |
2,34,133 |
2,56,136 |
4,034 |
1.6 |
14,885 |
7.6 |
22,003 |
9.4 |
45,819 |
21.8 |
|
(ii) |
Bank credit to commercial sector (a+b) |
4,86,942 |
4,89,276 |
23 |
|
-3,867 |
-0.9 |
2,333 |
0.5 |
60,405 |
14.1 |
(a) Reserve Bank |
12,226 |
9,332 |
-1,485 |
-13.7 |
254 |
3.1 |
-2,894 |
-23.7 |
893 |
10.6 |
|
(b) Other Banks |
4,74,717 |
4,79,943 |
1,509 |
0.3 |
-4,121 |
-1.0 |
5,227 |
1.1 |
59,512 |
14.2 |
|
(iii) |
Net foreign exchange assets of banking sector |
1,48,633 |
1,54,216 |
22 |
|
-336 |
-0.3 |
5,583 |
3.8 |
27,982 |
22.2 |
(iv) |
Government's currency liabilities to the public |
3,705 |
3,846 |
|
|
130 |
3.9 |
141 |
3.8 |
364 |
10.5 |
(v) |
Banking sector's net non-monetary liabilities |
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other than time deposits |
51,624 |
40,210 |
-4,830 |
-10.7 |
-8,663 |
-13.1 |
-11,414 |
-22.1 |
-17,169 |
-29.9 |
|
of which : Net non-monetary liabilities of R.B.I. |
60,464 |
63,051 |
1,093 |
1.8 |
10,671 |
24.7 |
2,586 |
4.3 |
9,097 |
16.9 |
|
|
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@ : Includes Rs. 17,945 crore on account of proceeds from Resurgent India Bonds (RIBs). Excluding these proceeds, the year-on-year M3 growth rate in column 11 would work out to be 16.2 per cent. |