7. Money Stock : Components and Sources - RBI - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) |
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Outstanding as on |
Variation over |
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Item |
Financial year so far |
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1998 |
1999 |
Fortnight |
1997-98 |
1998-99 |
Year |
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Mar.31# |
Jan. 1# |
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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8,25,389 |
9,25,963 |
710 |
0.1 |
73,048 |
10.4 |
1,00,574 |
12.2 |
1,51,067 |
19.5 |
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M3 |
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Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
1,45,182 |
1,60,429 |
-1,855 |
-1.1 |
9,384 |
7.1 |
15,246 |
10.5 |
18,958 |
13.4 |
(ii) |
Demand deposits with banks |
1,18,435 |
1,16,616 |
1,720 |
1.5 |
-1,031 |
-1.0 |
-1,819 |
-1.5 |
12,313 |
11.8 |
(iii) |
Time deposits with banks |
5,58,167 |
6,45,455@ |
1,401 |
0.2 |
64,691 |
14.0 |
87,288 |
15.6 |
1,19,531 |
22.7 |
(iv) |
"Other" deposits with Reserve Bank |
3,604 |
3,463 |
-556 |
4 |
-141 |
266 |
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Sources (i+ii+iii+iv-v) |
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(i) |
Net bank credit to Government (a+b) |
3,30,619 |
3,80,122 |
-514 |
-0.1 |
29,080 |
10.1 |
49,502 |
15.0 |
62,422 |
19.6 |
(a) Reserve Bank |
1,35,160 |
1,50,519 |
1,257 |
1,195 |
15,359 |
25,143 |
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(b) Other Banks |
1,95,460 |
2,29,603 |
-1,771 |
27,885 |
34,144 |
37,279 |
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(ii) |
Bank credit to commercial sector (a+b) |
4,32,190 |
4,55,976 |
5,873 |
1.3 |
25,982 |
6.9 |
23,786 |
5.5 |
53,687 |
13.3 |
(a) Reserve Bank |
8,186 |
8,357 |
10 |
1,505 |
171 |
605 |
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(b) Other Banks |
4,24,004 |
4,47,619 |
5,864 |
24,477 |
23,615 |
53,082 |
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(iii) |
Net foreign exchange assets of banking sector |
1,26,569 |
1,38,098 |
1,048 |
0.8 |
12,644 |
12.0 |
11,529 |
9.1 |
19,958 |
16.9 |
(iv) |
Government's currency liabilities to the public |
3,120 |
3,561 |
|
311 |
441 |
332 |
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(v) |
Banking sector's net non-monetary liabilities |
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other than time deposits |
67,110 |
51,794 |
5,698 |
-5,031 |
-15,315 |
-14,669 |
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of which : Net non-monetary liabilities of R.B.I. |
43,219 |
58,702 |
-296 |
7,764 |
15,483 |
15,754 |
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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 17.2 per cent. |