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 |
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2001-2002 |
2002-2003 |
2001 |
2002 |
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Item |
Mar. 31# |
Dec. 27# |
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 |
16,80,070 |
–1,619 |
–0.1 |
1,38,513 |
10.5 |
1,80,068 |
12.0 |
1,79,321 |
14.1 |
2,28,337 |
15.7 |
|
[16,37,478] |
[1,37,476] |
[9.2] |
[1,85,745] |
[12.8] |
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Components (i+ii+iii+iv) |
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(i) |
Currency with the Public |
2,41,399 |
2,61,383 |
–3,342 |
–1.3 |
20,201 |
9.6 |
19,984 |
8.3 |
25,903 |
12.7 |
31,631 |
13.8 |
(ii) |
Demand deposits with banks |
1,78,284 |
1,88,607 |
2,369 |
1.3 |
6,446 |
3.9 |
10,323 |
5.8 |
10,944 |
6.8 |
15,891 |
9.2 |
(iii) |
Time deposits with banks@ |
10,77,470 |
12,27,518 |
–308 |
— |
1,12,975 |
12.1 |
1,50,049 |
13.9 |
1,42,145 |
15.7 |
1,80,772 |
17.3 |
[11,84,926] |
[1,07,457] |
[10.0] |
[1,38,180] |
[13.2] |
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(iv) |
"Other" deposits with Reserve Bank |
2,850 |
2,562 |
–339 |
–11.7 |
–1,110 |
–30.6 |
–288 |
–10.1 |
330 |
15.1 |
42 |
1.7 |
Sources (i+ii+iii+iv-v) |
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(i) |
Net Bank credit to Government (a+b) |
5,86,466 |
6,36,765 |
–17,032 |
–2.6 |
60,205 |
11.8 |
50,299 |
8.6 |
79,239 |
16.1 |
64,605 |
11.3 |
(a) Reserve Bank |
1,52,178 |
1,10,760 |
–12,262 |
–10.0 |
–5,893 |
–3.8 |
–41,418 |
–27.2 |
466 |
0.3 |
–37,224 |
–25.2 |
|
(b) Other Banks |
4,34,288 |
5,26,005 |
–4,769 |
–0.9 |
66,098 |
18.5 |
91,717 |
21.1 |
78,773 |
22.8 |
1,01,829 |
24.0 |
|
(ii) |
Bank credit to commercial sector (a+b) |
7,56,265 |
8,54,947 |
2,983 |
0.4 |
48,857 |
7.2 |
98,682 |
13.0 |
70,138 |
10.7 |
1,26,871 |
17.4 |
(a) Reserve Bank |
5,929 |
2,963 |
3 |
0.1 |
–2,457 |
–18.5 |
–2,965 |
–50.0 |
–2,694 |
–19.9 |
–7,866 |
–72.6 |
|
(b) Other Banks |
7,50,336 |
8,51,984 |
2,981 |
0.4 |
51,314 |
7.7 |
1,01,648 |
13.5 |
72,832 |
11.3 |
1,34,737 |
18.8 |
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(iii) |
Net foreign exchange assets of banking sector |
3,14,733 |
3,83,872 |
7,936 |
2.1 |
33,055 |
13.2 |
69,139 |
22.0 |
48,240 |
20.6 |
1,00,997 |
35.7 |
(iv) |
Government's currency liabilities to the public |
6,366 |
6,851 |
— |
— |
723 |
13.5 |
485 |
7.6 |
1,011 |
20.0 |
774 |
12.7 |
(v) |
Banking sector's net non-monetary liabilities |
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other than time deposits |
1,63,828 |
2,02,364 |
–4,494 |
–2.2 |
4,328 |
3.3 |
38,537 |
23.5 |
19,307 |
16.3 |
64,910 |
47.2 |
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of which : Net non-monetary liabilities of RBI |
1,01,220 |
1,20,932 |
1,472 |
1.2 |
17,438 |
22.0 |
19,713 |
19.5 |
15,000 |
18.3 |
24,149 |
25.0 |
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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 [ ] exclude the impact of mergers since May 3, 2002. |