7. Money Stock : Components and Sources
81897603
(Rs. crore)
Variation over
Outstanding as on
Financial year so far
Year-on-year
2000
2001
Fortnight
1999-2000
2000-2001
2000
2001
Item
Mar. 31#
Mar. 9#
Amount
%
Amount
%
Amount
%
Amount
%
Amount
%
1
2
3
4
5
6
7
8
9
10
11
12
13
M3
11,17,202
12,92,898
10,989
0.9
1,33,987*
13.7
1,75,696
15.7
1,56,607*
16.3
1,77,891
16.0
(13.4)
(13.7)
Components (i+ii+iii+iv)
(i)
Currency with the Public
1,88,705
2,13,688
5,605
2.7
26,996
16.0
24,983
13.2
22,735
13.1
17,748
9.1
(ii)
Demand deposits with banks
1,48,806
1,57,277
2,082
1.3
5,981
4.4
8,471
5.7
22,375
18.6
14,909
10.5
(iii)
Time deposits with banks@
7,76,581
9,19,135
3,438
0.4
1,02,325
15.2
1,42,554
18.4
1,11,799
16.9
1,44,919
18.7
(iv)
"Other" deposits with Reserve Bank
3,109
2,797
137
4.7
1,314
34.6
312
10.0
302 10.8
315
12.7
Sources (i+ii+iii+iv-v)
(i)
Net Bank credit to Government sector (a+b)
4,41,754
5,07,768
6,425
1.3
58,270
15.1
66,015
14.9
56,713
14.6
62,822
14.1
(a) Reserve Bank
1,48,264
1,55,504
3,137
2.1
1,459
1.0
7,240
4.9
2,057
1.3
1,506
1.0
(b) Other Banks
2,93,490
3,52,265
3,287
0.9
56,811
24.3
58,775
20.0
58,770
25.3
61,316
21.1
(ii)
Bank credit to commercial sector (a+b)
5,78,538
6,57,562
1,437
0.2
67,161
13.5
79,024
13.7
86,413
18.1
94,411
16.8
(a) Reserve Bank
15,270
11,948
577
5.1
3,732
30.5
3,322
21.8
259
3.0
3,454
40.7
(b) Other Banks
5,63,268
6,45,614
860
0.1
70,894
14.7
82,346
14.6
86,672
18.5
90,957
16.4
(iii)
Net foreign exchange assets of banking sector
2,05,648
2,42,815
1,161
0.5
17,787
10.0
37,167
18.1
25,108
14.7
47,174
24.1
(iv)
Government's currency liabilities to the public
4,262
4,905
682
17.7
644
15.1
733
19.3
377
8.3
(v)
Banking sector's net non-monetary liabilities
other than time deposits
1,13,000
1,20,153
1,966
1.6
9,913
11.9
7,153
6.3
12,361
15.3
26,893
28.8
of which : Net non-monetary liabilities of R.B.I.
70,147
82,707
421
0.5
10,131
16.8
12,560
17.9
10,454
17.4
12,095
17.1
* : 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 (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. @ : Includes Rs. 17,945 crore on account of proceeds from Resurgent India Bonds (RIBs), since August 28,1998 and Rs. 25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Figures in parentheses are net of IMDs.