(Rs. crore)

Outstanding as on

Variation over

2002

Fortnight

Financial year so far

Year-on-year

2001-2002

2002-2003

2001

2002

Item

Mar. 31#

Jun. 14#

Amount %

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

14,97,133

 16,14,911

4,981

0.3

60,747

4.6

1,17,779

7.9

2,10,311

18.1

2,40,945

17.5

(15.9)

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,41,441

2,61,631

4,160

1.6

19,754

9.4

20,191

8.4

25,306

12.4

32,327

14.1

(ii)

Demand deposits with banks

1,76,917

1,79,921

–1,465

–0.8

–3,017

–1.8

3,005

1.7

18,906

13.1

16,669

10.2

(iii)

Time deposits with banks@

10,75,930

11,71,009

2,187

0.2

44,446

4.8

95,078

8.8

1,67,414

20.6

1,92,792

19.7

(iv)

"Other" deposits with Reserve Bank

2,845

2,350

99

4.4

–436

–12.0

–495

–17.4

–1,314

–29.2

–843

  –26.4

Sources (i+ii+iii+iv-v)

(i)

Net Bank credit to Government (a+b)

5,85,516

6,33,299

5,311

0.8

40,766

8.0

47,784

8.2

80,147

17.0

80,578

14.6

(a) Reserve Bank

1,52,178

1,66,991

7,290

4.6

18,295

11.9

14,813

9.7

14,464

9.2

–5,181

–3.0

(b) Other Banks

4,33,338

4,66,308

–1,979

–0.4

22,471

6.3

32,971

7.6

65,683

20.9

85,759

22.5

(ii)

Bank credit to commercial sector (a+b)

7,54,209

8,09,694

41

—

940

0.1

55,485

7.4

89,170

15.1

1,29,536

19.0

(a) Reserve Bank

5,929

2,980

–114

–3.7

–2,120

–16.0

–2,949

–49.7

–2,167

–16.2

–8,187

–73.3

(b) Other Banks

7,48,280

8,06,715

155

—

3,060

0.5

58,434

7.8

91,337

15.8

1,37,723

20.6

(iii)

Net foreign exchange assets of banking sector

3,14,733

3,27,843

1,846

0.6

5,636

2.3

13,110

4.2

51,424

25.2

72,387

28.3

(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

other than time deposits

1,63,550

1,62,151

2,216

1.4

–13,270

–10.0

–1,400

–0.9

11,225

10.3

42,294

35.3

of which : Net non-monetary liabilities of RBI

1,01,224

1,15,283

1,975

1.7

6,581

8.3

14,059

13.9

8,345

10.8

29,357

34.2

@ : 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 exclusive of IMDs.
Government Balances as on March 31, 2002 are after closure of accounts.
The monetary aggregates since May 3, 2002 include the impact of the merger of the ICICI with the ICICI Bank.