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 |
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# |
Aug. 9# |
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 |
15,00,003 |
16,24,154 |
5,878 |
0.4 |
77,519 |
5.9 |
1,24,151 |
8.3 |
2,07,568 |
17.5 |
2,33,415 |
16.8 |
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(15.4) |
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[15,81,562] |
[81,559] |
[5.4] |
[1,90,823] |
[13.7] |
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Components (I+ii+iii+iv) |
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(i) |
Currency with the Public |
2,41,399 |
2,53,717 |
2,554 |
1.0 |
13,829 |
6.6 |
12,317 |
5.1 |
23,594 |
11.8 |
30,338 |
13.6 |
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(ii) |
Demand deposits with banks |
1,78,284 |
1,75,252 |
–2,274 |
–1.3 |
–4,427 |
–2.7 |
–3,032 |
–1.7 |
20,021 |
14.1 |
13,410 |
8.3 |
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(iii) |
Time deposits with banks@ |
10,77,470 |
11,91,648 |
5,824 |
0.5 |
68,300 |
7.3 |
1,14,179 |
10.6 |
1,64,590 |
19.7 |
1,89,577 |
18.9 |
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[11,49,056] |
[71,587] |
[6.6] |
[1,46,985] |
[14.7] |
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(iv) |
"Other" deposits with Reserve Bank |
2,850 |
3,537 |
–227 |
–6.0 |
–183 |
–5.1 |
687 |
24.1 |
–636 |
–15.6 |
90 |
2.6 |
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Sources (i+ii+iii+iv-v) |
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(i) |
Net Bank credit to Government (a+b) |
5,86,466 |
6,43,978 |
4,093 |
0.6 |
50,980 |
10.0 |
57,512 |
9.8 |
78,859 |
16.3 |
81,043 |
14.4 |
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(a) Reserve Bank |
1,52,178 |
1,54,137 |
–1,195 |
–0.8 |
12,181 |
7.9 |
1,959 |
1.3 |
1,563 |
1.0 |
–11,921 |
–7.2 |
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(b) Other Banks |
4,34,288 |
4,89,841 |
5,288 |
1.1 |
38,799 |
10.8 |
55,553 |
12.8 |
77,295 |
24.2 |
92,964 |
23.4 |
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(ii) |
Bank credit to commercial sector (a+b) |
7,56,265 |
8,21,297 |
75 |
— |
10,221 |
1.5 |
65,032 |
8.6 |
83,721 |
13.8 |
1,31,858 |
19.1 |
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(a) Reserve Bank |
5,929 |
2,938 |
13 |
0.4 |
–5,014 |
–37.7 |
–2,991 |
–50.5 |
–4,173 |
–33.5 |
–5,335 |
–64.5 |
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(b) Other Banks |
7,50,336 |
8,18,360 |
63 |
— |
15,234 |
2.3 |
68,024 |
9.1 |
87,894 |
14.8 |
1,37,193 |
20.1 |
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(iii) |
Net foreign exchange assets of banking sector |
3,14,733 |
3,42,857 |
722 |
0.2 |
4,952 |
2.0 |
28,124 |
8.9 |
48,742 |
23.7 |
88,085 |
34.6 |
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(iv) |
Government's currency liabilities to the public |
6,366 |
6,456 |
— |
— |
286 |
5.3 |
89 |
1.4 |
814 |
16.9 |
816 |
14.5 |
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(v) |
Banking sector's net non-monetary |
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liabilities other than time deposits |
1,63,828 |
1,90,434 |
–987 |
–0.5 |
–11,079 |
–8.3 |
26,607 |
16.2 |
4,567 |
3.9 |
68,387 |
56.0 |
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of which : Net non-monetary liabilities of RBI |
1,01,220 |
1,19,708 |
–1,635 |
–1.3 |
13,586 |
17.1 |
18,488 |
18.3 |
11,468 |
14.1 |
26,776 |
28.8 |
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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 |