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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as on |
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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. 15# |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
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M3 |
8,25,389 |
9,34,666 |
8,703 |
0.9 |
78,507 |
11.2 |
1,09,277 |
13.2 |
1,54,311 |
19.8 |
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Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
1,45,182 |
1,67,155 |
6,727 |
4.2 |
13,207 |
10.0 |
21,973 |
15.1 |
21,862 |
15.0 |
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(ii) |
Demand deposits with banks |
1,18,435 |
1,16,016 |
-600 |
-0.5 |
-2,497 |
-2.4 |
-2,419 |
-2.0 |
13,179 |
12.8 |
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(iii) |
Time deposits with banks |
5,58,167 |
6,48,150 @ |
2,695 |
0.4 |
67,099 |
14.5 |
89,983 |
16.1 |
1,19,818 |
22.7 |
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(iv) |
"Other" deposits with Reserve Bank |
3,604 |
3,344 |
-119 |
698 |
-260 |
-547 |
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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 |
3,82,636 |
2,514 |
0.7 |
30,493 |
10.6 |
52,017 |
15.7 |
63,523 |
19.9 |
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(a) Reserve Bank |
1,35,160 |
1,53,240 |
2,722 |
3,164 |
18,080 |
25,895 |
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(b) Other Banks |
1,95,460 |
2,29,396 |
-207 |
27,329 |
33,937 |
37,628 |
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(ii) |
Bank credit to commercial sector (a+b) |
4,32,190 |
4,65,788 |
9,812 |
2.2 |
27,843 |
7.4 |
33,598 |
7.8 |
61,638 |
15.3 |
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(a) Reserve Bank |
8,186 |
12,585 |
4,228 |
1,574 |
4,400 |
4,764 |
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(b) Other Banks |
4,24,004 |
4,53,203 |
5,584 |
26,269 |
29,199 |
56,874 |
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(iii) |
Net foreign exchange assets of banking sector1,26,569 |
1,39,778 |
1,680 |
1.2 |
12,893 |
12.2 |
13,209 |
10.4 |
21,389 |
18.1 |
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(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 |
57,097 |
5,303 |
-6,967 |
-10,012 |
-7,429 |
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of which : Net non-monetary liabilities of R.B.I. |
43,219 |
61,177 |
2,476 |
10,340 |
17,959 |
15,654 |
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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 17.5 per cent. |