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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Financial year so far |
Year-on-year |
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2002 |
Fortnight |
2001-2002 |
2002-2003 |
2001 |
2002 |
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Item |
Mar. 31# |
May 31# |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
|
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
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M3 |
14,97,133 |
16,09,930 |
8,422 |
0.5 |
56,723 |
4.3 |
1,12,798 |
7.5 |
2,09,047 |
18.0 |
2,39,987 |
17.5 |
|
(15.8) |
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Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
2,41,441 |
2,57,471 |
–3,731 |
–1.4 |
16,913 |
8.1 |
16,031 |
6.6 |
24,665 |
12.2 |
31,008 |
13.7 |
(ii) |
Demand deposits with banks |
1,76,917 |
1,81,387 |
3,342 |
1.9 |
–588 |
–0.4 |
4,470 |
2.5 |
18,518 |
12.6 |
15,705 |
9.5 |
(iii) |
Time deposits with banks@ |
10,75,930 |
11,68,821 |
8,841 |
0.8 |
41,901 |
4.5 |
92,891 |
8.6 |
1,66,246 |
20.5 |
1,93,150 |
19.8 |
(iv) |
"Other" deposits with Reserve Bank |
2,845 |
2,251 |
–30 |
–1.3 |
–1,503 |
–41.4 |
–594 |
–20.9 |
–382 |
–15.2 |
124 |
5.8 |
Sources (i+ii+iii+iv-v) |
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(i) |
Net Bank credit to Government (a+b) |
5,87,808 |
6,27,989 |
4,223 |
0.7 |
34,208 |
6.7 |
40,181 |
6.8 |
75,371 |
16.0 |
81,826 |
15.0 |
(a) Reserve Bank |
1,54,471 |
1,59,701 |
–9,363 |
–5.5 |
6,203 |
4.0 |
5,231 |
3.4 |
7,186 |
4.7 |
–379 |
–0.2 |
|
(b) Other Banks |
4,33,338 |
4,68,288 |
13,586 |
3.0 |
28,005 |
7.8 |
34,950 |
8.1 |
68,185 |
21.4 |
82,204 |
21.3 |
|
(ii) |
Bank credit to commercial sector (a+b) |
7,54,209 |
8,09,653 |
–862 |
–0.1 |
–2,151 |
–0.3 |
55,444 |
7.4 |
91,083 |
15.5 |
1,32,586 |
19.6 |
(a) Reserve Bank |
5,929 |
3,094 |
–1,862 –37.6 |
–4,862 |
–36.6 |
–2,835 |
–47.8 |
–2,207 |
–20.8 |
–5,330 |
–63.3 |
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(b) Other Banks |
7,48,280 |
8,06,559 |
1,000 |
0.1 |
2,711 |
0.4 |
58,279 |
7.8 |
93,291 |
16.2 |
1,37,916 |
20.6 |
|
(iii) |
Net foreign exchange assets of banking sector |
3,14,733 |
3,25,997 |
2,944 |
0.9 |
4,672 |
1.9 |
11,265 |
3.6 |
49,256 |
24.0 |
71,506 |
28.1 |
(iv) |
Government's currency liabilities to the public |
6,225 |
6,225 |
— |
— |
135 |
2.5 |
— |
— |
795 |
16.9 |
737 |
13.4 |
(v) |
Banking sector's net non-monetary liabilities |
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other than time deposits |
1,65,843 |
1,59,934 |
–2,117 |
–1.3 |
–19,858 |
–14.9 |
–5,908 |
–3.6 |
7,459 |
7.0 |
46,667 |
41.2 |
|
of which : Net non-monetary liabilities of RBI |
1,03,517 |
1,13,309 |
908 |
0.8 |
5,430 |
6.8 |
9,792 |
9.5 |
8,588 |
11.3 |
28,533 |
33.7 |
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@ : 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 |
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Millennium Deposits (IMDs), since November 17, 2000. |
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Figures in parentheses are exclusive of IMDs. |
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Government Balances as on March 31, 2002 are before closure of accounts. |
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The monetary aggregates since May 3, 2002 include the impact of the merger of the ICICI with the ICICI Bank. |