7. Money Stock : Components and Sources - RBI - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) | |||||||||||
Outstanding | Variation over | ||||||||||
Item | Financial year so far | ||||||||||
1998 | 1999 | Fortnight | 1997-98 | 1998-99 | Year | ||||||
Mar. 31# | Feb. 26# | Amount | % | Amount | % | Amount | % | Amount | % | ||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | |
M3 | 8,25,389 | 9,45,506 | 1,383 | 0.1 | 94,207 | 13.4 | 1,20,116 | 14.6 | 1,49,450 | 18.8 | |
Components (i+ii+iii+iv) | |||||||||||
(i) | Currency with the Public | 1,45,182 | 1,68,019 | -2,184 | -1.3 | 12,748 | 9.7 | 22,837 | 15.7 | 23,184 | 16.0 |
(ii) | Demand deposits with banks | 1,18,435 | 1,17,914 | 724 | 0.6 | -92 | -0.1 | -521 | -0.4 | 12,672 | 12.0 |
(iii) | Time deposits with banks | 5,58,167 | 6,56,347 @ | 2,714 | 0.4 | 82,077 | 17.8 | 98,180 | 17.6 | 1,13,036 | 20.8 |
(iv) | "Other" deposits with Reserve Bank | 3,604 | 3,225 | 130 | -527 | -380 | 557 | ||||
Sources (i+ii+iii+iv-v) | |||||||||||
(i) | Net bank credit to Government (a+b) | 3,30,619 | 3,86,820 | 148 | | 32,982 | 11.4 | 56,201 | 17.0 | 65,218 | 20.3 |
(a) Reserve Bank | 1,35,160 | 1,54,369 | -2,699 | 6,311 | 19,209 | 23,878 | |||||
(b) Other Banks | 1,95,460 | 2,32,451 | 2,847 | 26,671 | 36,991 | 41,341 | |||||
(ii) | Bank credit to commercial sector (a+b) | 4,32,190 | 4,65,129 | 1,465 | 0.3 | 44,298 | 11.8 | 32,939 | 7.6 | 44,523 | 10.6 |
(a) Reserve Bank | 8,186 | 8,504 | -993 | 1,670 | 319 | 587 | |||||
(b) Other Banks | 4,24,004 | 4,56,624 | 2,458 | 42,628 | 32,620 | 43,936 | |||||
(iii) | Net foreign exchange assets of banking sector | 1,26,569 | 1,41,342 | 431 | 0.3 | 13,116 | 12.4 | 14,772 | 11.7 | 22,730 | 19.2 |
(iv) | Government's currency liabilities to the public | 3,120 | 3,561 | | 386 | 441 | 256 | ||||
(v) | Banking sector's net non-monetary liabilities | ||||||||||
other than time deposits | 67,110 | 51,346 | 661 | -3,426 | -15,764 | -16,723 | |||||
of which : Net non-monetary liabilities of R.B.I. | 43,219 | 59,932 | -776 | 8,579 | 16,713 | 16,169 | |||||
@ : Includes Rs. 17,945 crore on account of proceeds from Resurgent India Bonds (RIBs). Excluding these proceeds, the year-on-year M3 growth rate in column 11 would work out to be 16.5 per cent. |