7. Money Stock : Components and Sources - आरबीआई - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) | |||||||||||||||||
Outstanding as on | Variation over | ||||||||||||||||
Item | Financial year so far | ||||||||||||||||
1998 | Fortnight | 1997-98 | 1998-99 | Year | |||||||||||||
Mar. 31# | Dec. 4# | Amount | % | Amount | % | Amount | % | Amount | % | ||||||||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | |||||||
M3 | 8,25,389 | 9,21,653 | 4,033 | 0.4 | 70,486 | 10.0 | 96,264 | 11.7 | 1,49,319 | 19.3 | |||||||
Components (i+ii+iii+iv) | |||||||||||||||||
(i) | Currency with the Public | 1,45,182 | 1,61,108 | 2,389 | 1.5 | 13,803 | 10.4 | 15,925 | 11.0 | 15,218 | 10.4 | ||||||
(ii) | Demand deposits with banks | 1,18,435 | 1,14,429 | -1,176 | -1.0 | -3,463 | -3.3 | -4,007 | -3.4 | 12,558 | 12.3 | ||||||
(iii) | Time deposits with banks | 5,58,167 | 6,42,580@ | 2,941 | 0.5 | 60,096 | 13.0 | 84,413 | 15.1 | 1,21,251 | 23.3 | ||||||
(iv) | "Other" deposits with Reserve Bank | 3,604 | 3,536 | -122 | 50 | -68 | 292 | ||||||||||
Sources (i+ii+iii+iv-v) | |||||||||||||||||
(i) | Net bank credit to Gover nment (a+b) | 3,30,619 | 3,79,866 | 1,109 | 0.3 | 33,406 | 11.6 | 49,246 | 14.9 | 57,840 | 18.0 | ||||||
(a) Reserve Bank | 1,35,160 | 1,51,082 | -371 | -443 | 15,922 | 27,343 | |||||||||||
(b) Other Banks | 1,95,460 | 2,28,784 | 1,480 | 33,849 | 33,324 | 30,496 | |||||||||||
(ii) | Bank credit to commercial sector (a+b) | 4,32,190 | 4,46,862 | 1,130 | 0.3 | 11,859 | 3.2 | 14,672 | 3.4 | 58,695 | 15.1 | ||||||
(a) Reserve Bank | 8,186 | 8,319 | 17 | 1,670 | 134 | 402 | |||||||||||
(b) Other Banks | 4,24,004 | 4,38,543 | 1,113 | 10,189 | 14,538 | 58,294 | |||||||||||
(iii) | Net foreign exchange assets of banking sector | 1,26,569 | 1,36,514 | 519 | 0.4 | 10,914 | 10.3 | 9,944 | 7.9 | 20,104 | 17.3 | ||||||
(iv) | Government's currency liabilities to the public | 3,120 | 3,522 | | 283 | 402 | 321 | ||||||||||
(v) | Banking sector's net non-monetary liabilities | ||||||||||||||||
other than time deposits | 67,110 | 45,111 | -1,275 | -14,024 | -21,999 | -12,359 | |||||||||||
of which : Net non-monetary liabilities of R.B.I. | 43,219 | 57,967 | 1,144 | 4,563 | 14,748 | 18,221 | |||||||||||
@ : 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 17.0 per cent. |