| | | | | | | | | | | (Rs. crore) |
| | | Outstanding | | Variation over | | | as on
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| | Item | | | | | | Financial year so far
| | | | | 1998
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| Fortnight
| 1997-98
| 1998-99
| Year
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| | | Mar. 31# | Nov. 6# | | Amount | % | Amount | % | Amount | % | Amount | % |
| | 1 | 2 | 3 | | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| M3 | | 8,25,389 | 9,15,943 | | 869 | 0.1 | 72,068 | 10.3 | 90,554 | 11.0 | 1,42,027 | 18.4 | Components (i+ii+iii+iv) | | | | | | | | | | | | (i) | Currency with the Public | 1,45,182 | 1,59,116 | | -349 | 0.2 | 15,761 | 11.9 | 13,934 | 9.6 | 11,267 | 7.6 | (ii) | Demand deposits with | | | | | | | | | | | | | banks | 1,18,435 | 1,16,056 | | 387 | 0.3 | -4,286 | -4.1 | -2,380 | -2.0 | 15,008 | 14.9 | (iii) | Time deposits with banks | 5,58,167 | 6,37,313 | @ | 939 | 0.1 | 58,883 | 12.8 | 79,146 | 14.2 | 1,17,197 | 22.5 | (iv) | "Other" deposits with | | | | | | | | | | | | | Reserve Bank | 3,604 | 3,458 | | -108 | | 1,709 | | -146 | 1,445 | | | | | Sources (i+ii+iii+iv-v) | | | | | | | | | | | | (i) | Net bank credit to | | | | | | | | | | | | | Government (a+b) | 3,30,619 | 3,77,621 | | 6,840 | 1.8 | 31,278 | 10.8 | 47,002 | 14.2 | 57,723 | 18.0 | | (a) Reserve Bank | 1,35,160 | 1,51,195 | | 2,325 | | -2,088 | | 16,035 | | 29,101 | | | (b) Other Banks | 1,95,460 | 2,26,426 | | 4,515 | | 33,366 | | 30,967 | | 28,621 | | | | | | | | | | | | | | | (ii) | Bank credit to commercial | | | | | | | | | | | | | sector (a+b) | 4,32,190 | 4,47,004 | | 8 | - | 12,175 | 3.2 | 14,814 | 3.4 | 58,522 | 15.1 | | (a) Reserve Bank | 8,186 | 8,249 | | 21 | | 1,615 | | 64 | | 387 | | | (b) Other Banks | 4,24,004 | 4,38,755 | | -13 | | 10,560 | | 14,750 | | 58,134 | | | | | | | | | | | | | | | (iii) | Net foreign exchange assets | | | | | | | | | | | | | of banking sector | 1,26,569 | 1,35,757 | | -285 | -0.2 | 14,783 | 14.0 | 9,187 | 7.3 | 15,478 | 12.9 | (iv) | Government's currency | | | | | | | | | | | | | liabilities to the public | 3,120 | 3,522 | | - | | 257 | | 402 | | 347 | | (v) | Banking sector's net non- | | | | | | | | | | | | | monetary liabilities | | | | | | | | | | | | | other than time deposits | 67,110 | 47,961 | | 5,694 | | -13,575 | | -19,149 | | -9,958 | | | of which : Net non-monetary | | | | | | | | | | | | | liabilities of R.B.I. | 43,219 | 57,091 | | -349 | | 584 | | 13,873 | | 21,323 | |
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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 16.0 per cent. |
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