(Rs. crore)

Outstanding as on

Variation over

2003

Fortnight

Financial year so far

Year-on-year

2002-2003

2003-2004

2002

2003

Item

Mar. 31#

Oct. 3#

Amount

%

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

12

13

M₃

17,25,222

18,44,133

6,473

0.4

1,57,790

10.5

1,18,911

6.9

2,32,540

16.3

1,87,988

11.4

[16,95,551]

[1,21,377]

[8.1]

[1,96,127]

[13.8]

Components (i+ii+iii+iv)

(i)

Currency with the Public

2,70,983

2,84,237

766

0.3

9,736

4.0

13,255

4.9

30,296

13.8

33,707

13.5

(ii)

Demand deposits with banks

1,98,602

2,21,143

18,211

9.0

7,310

4.1

22,542

11.4

18,095

10.7

34,634

18.6

(iii)

Time deposits with banks@

12,52,396

13,33,758

–13,024

–1.0

1,39,681

13.0

81,362

6.5

1,83,790

17.8

1,18,565

9.8

[12,22,725]

[1,03,268]

[9.6]

[1,47,377]

[14.3]

(iv)

"Other" deposits with Reserve Bank

3,242

4,995

521

11.6

1,064

37.3

1,752

54.0

358

10.1

1,081

27.6

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

(i)

Net Bank credit to Government (a+b)

6,78,059

7,13,175

4,917

0.7

44,977

7.6

35,116

5.2

70,284

12.5

78,633

12.4

(a) Reserve Bank

1,20,679

76,431

13,348

21.2

–28,065

–18.4

–44,249

–36.7

–33,256

–21.1

–47,683

–38.4

(b) Other Banks

5,57,379

6,36,744

–8,431

–1.3

73,042

16.7

79,365

14.2

1,03,540

25.4

1,26,316

24.7

(ii)

Bank credit to commercial sector (a+b)

9,06,612

9,34,236

16,722

1.8

84,376

11.1

27,624

3.0

1,32,227

18.6

90,213

10.7

(a) Reserve Bank

3,048

2,990

–23

–0.8

–2,956

–49.9

–58

–1.9

–4,731

–61.4

18

0.6

(b) Other Banks

9,03,564

9,31,245

16,745

1.8

87,332

11.6

27,682

3.1

1,36,958

19.5

90,195

10.7

(iii)

Net foreign exchange assets of banking sector

3,93,715

4,35,610

–7,700

–1.7

41,064

13.2

41,896

10.6

79,936

29.4

83,511

23.7

(iv)

Government's currency liabilities to the public

7,071

7,179

—

—

424

6.7

108

1.5

985

17.0

389

5.7

(v)

Banking sector's net non-monetary liabilities

other than time deposits

2,60,234

2,46,067

7,465

3.1

13,051

7.8

–14,167

–5.4

50,891

39.0

64,759

35.7

of which : Net non-monetary liabilities of RBI

1,27,141

1,14,604

–518

–0.4

10,304

10.2

–12,537

–9.9

18,021

19.3

3,080

2.8

@ : Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Data reflect redemption ofResurgent India Bonds (RIBs) of Rs.22,693 crore, since October 1, 2003.
Figures in [ ] exclude the impact of mergers since May 3, 2002.