7. Money Stock : Components and Sources - RBI - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) |
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Outstanding |
Variation over |
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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# |
July 2# |
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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|
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M3 | 9,66,149* |
10,13,979 |
3,221* |
0.3 |
36,796* |
4.5 |
47,829* |
5.0 |
1,56,899* |
18.3 |
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Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
1,70,119 |
1,82,174 |
-2,968 |
-1.6 |
10,124 |
6.9 |
12,055 |
7.1 |
26,046 |
16.7 |
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(ii) |
Demand deposits with banks |
1,30,267 |
1,27,567 |
2,693 |
2.2 |
-3,070 |
-2.6 |
-2,700 |
-2.1 |
12,700 |
11.1 |
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(iii) |
Time deposits with banks |
6,61,952 |
6,98,892@ |
3,273 |
0.5 |
28,756 |
5.2 |
36,941 |
5.6 |
1,17,333 |
20.2 |
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(iv) |
"Other" deposits with Reserve Bank |
3,812 |
5,346 |
223 |
4.4 |
986 |
27.8 |
1,534 |
40.2 |
820 |
18.1 |
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Sources (i+ii+iii+iv-v) |
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(i) |
Net bank credit to Government (a+b) |
3,86,672 |
4,15,838 |
3,733 |
0.9 |
36,008 |
10.9 |
29,165 |
7.5 |
49,238 |
13.4 |
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(a) Reserve Bank |
1,52,539 |
1,57,779 |
1,811 |
1.2 |
13,671 |
10.1 |
5,240 |
3.4 |
8,948 |
6.0 |
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(b) Other Banks |
2,34,133 |
2,58,059 |
1,923 |
0.8 |
22,337 |
11.4 |
23,925 |
10.2 |
40,290 |
18.5 |
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(ii) |
Bank credit to commercial sector (a+b) |
4,86,942 |
4,94,339 |
5,063 |
1.0 |
2,056 |
0.5 |
7,396 |
1.5 |
59,545 |
13.7 |
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(a) Reserve Bank |
12,226 |
10,986 |
1,654 |
17.7 |
242 |
3.0 |
-1,240 |
-10.1 |
2,558 |
30.4 |
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(b) Other Banks |
4,74,717 |
4,83,353 |
3,409 |
0.7 |
1,813 |
0.4 |
8,636 |
1.8 |
56,987 |
13.4 |
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(iii) |
Net foreign exchange assets of banking sector |
1,48,633 |
1,53,848 |
-368 |
-0.2 |
-902 |
-0.7 |
5,215 |
3.5 |
28,180 |
22.4 |
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(iv) |
Government's currency liabilities to the public |
3,705 |
3,846 |
|
|
130 |
3.9 |
141 |
3.8 |
364 |
10.5 |
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(v) |
Banking sector's net non-monetary liabilities |
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other than time deposits |
59,803 |
53,891 |
5,207 |
10.7 |
495 |
0.7 |
-5,911 |
-9.9 |
-19,571 |
-26.6 |
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of which : Net non-monetary liabilities of R.B.I. |
60,464 |
65,037 |
1,986 |
3.2 |
15,043 |
34.8 |
4,572 |
7.6 |
6,711 |
11.5 |
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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. |