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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Fortnight |
Financial year so far |
Year-on-year |
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2002 |
2001-2002 |
2002-2003 |
2001 |
2002 |
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Item |
Mar. 31# |
Oct. 4# |
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 |
16,54,471 |
15,903 |
1.0 |
1,10,120 |
8.4 |
1,54,468 |
10.3 |
2,05,404 |
16.9 |
2,31,130 |
16.2 |
|
(14.8) |
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[16,11,879] |
[1,11,876] |
[7.5] |
[1,88,538] |
[13.2] |
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Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
2,41,399 |
2,49,994 |
–693 |
–0.3 |
10,564 |
5.0 |
8,594 |
3.6 |
20,324 |
10.2 |
29,879 |
13.6 |
(ii) |
Demand deposits with banks |
1,78,284 |
1,86,510 |
7,741 |
4.3 |
2,234 |
1.3 |
8,226 |
4.6 |
18,524 |
12.4 |
18,006 |
10.7 |
(iii) |
Time deposits with banks@ |
10,77,470 |
12,14,084 |
8,421 |
0.7 |
97,397 |
10.4 |
1,36,614 |
12.7 |
1,66,161 |
19.2 |
1,82,917 |
17.7 |
[11,71,492] |
[94,022] |
[8.7] |
[1,40,325] |
[13.6] |
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(iv) |
"Other" deposits with Reserve Bank |
2,850 |
3,883 |
434 |
12.6 |
–75 |
–2.1 |
1,034 |
36.3 |
395 |
12.5 |
329 |
9.2 |
Sources (i+ii+iii+iv-v) |
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(i) |
Net Bank credit to Government (a+b) |
5,86,466 |
6,28,872 |
–2,714 |
–0.4 |
51,900 |
10.1 |
42,406 |
7.2 |
82,074 |
17.0 |
65,017 |
11.5 |
(a) Reserve Bank |
1,52,178 |
1,24,113 |
–4,074 |
–3.2 |
3,493 |
2.3 |
–28,065 |
–18.4 |
–1,916 |
–1.2 |
–33,256 |
–21.1 |
|
(b) Other Banks |
4,34,288 |
5,04,759 |
1,360 |
0.3 |
48,407 |
13.5 |
70,470 |
16.2 |
83,990 |
26.0 |
98,274 |
24.2 |
|
(ii) |
Bank credit to commercial sector (a+b) |
7,56,265 |
8,41,603 |
11,354 |
1.4 |
29,771 |
4.4 |
85,338 |
11.3 |
77,122 |
12.2 |
1,32,614 |
18.7 |
(a) Reserve Bank |
5,929 |
2,972 |
46 |
1.6 |
–5,583 |
–42.0 |
–2,956 |
–49.9 |
–4,893 |
–38.8 |
–4,731 |
–61.4 |
|
(b) Other Banks |
7,50,336 |
8,38,631 |
11,308 |
1.4 |
35,354 |
5.3 |
88,294 |
11.8 |
82,015 |
13.2 |
1,37,344 |
19.6 |
|
(iii) |
Net foreign exchange assets of banking sector |
3,14,733 |
3,57,052 |
2,993 |
0.8 |
22,344 |
8.9 |
42,320 |
13.4 |
62,104 |
29.6 |
84,889 |
31.2 |
(iv) |
Government's currency liabilities to the public |
6,366 |
6,661 |
— |
— |
451 |
8.4 |
295 |
4.6 |
839 |
16.9 |
857 |
14.8 |
(v) |
Banking sector's net non-monetary liabilities |
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other than time deposits |
1,63,828 |
1,79,718 |
–4,270 |
–2.3 |
–5,654 |
–4.2 |
15,891 |
9.7 |
16,735 |
15.1 |
52,246 |
41.0 |
|
of which : Net non-monetary liabilities of RBI |
1,01,220 |
1,11,554 |
235 |
0.2 |
14,158 |
17.8 |
10,334 |
10.2 |
21,239 |
29.4 |
18,051 |
19.3 |
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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 |