7. Money Stock : Components and Sources - RBI - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) |
|||||||||||||
Outstanding as on |
Variation over |
||||||||||||
2004
|
Fortnight
|
Financial year so far |
Year-on-year |
||||||||||
2003-2004 |
2004-2005 |
2003 |
2004 |
||||||||||
Item |
Mar. 31# |
Apr. 2# |
Amount % |
Amount |
% |
Amount |
% |
Amount |
% |
Amount |
% |
||
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
|
M3 | 20,00,349 |
20,39,871 |
39,198 |
2.0 |
42,974 |
2.5 |
39,521 |
2.0 |
2,26,622 |
14.8 |
2,77,694 |
15.8 |
|
[1,97,220] |
[12.8] |
||||||||||||
Components (i+ii+iii+iv) |
|||||||||||||
(i) |
Currency with the Public |
3,16,758 |
3,15,464 |
–2,528 |
–0.8 |
3,476 |
1.3 |
–1,294 |
–0.4 |
28,771 |
11.7 |
40,606 |
14.8 |
(ii) |
Demand deposits with banks |
2,51,371 |
2,73,300 |
21,929 |
8.7 |
16,883 |
8.5 |
21,929 |
8.7 |
25,295 |
13.4 |
58,627 |
27.3 |
(iii) |
Time deposits with banks @ |
14,27,179 |
14,46,813 |
19,634 |
1.4 |
22,033 |
1.8 |
19,634 |
1.4 |
1,71,377 |
15.6 |
1,77,992 |
14.0 |
[1,41,975] |
[12.9] |
||||||||||||
(iv) |
"Other" deposits with Reserve Bank |
5,041 |
4,294 |
163 |
3.9 |
583 |
18.0 |
–747 |
–14.8 |
1,180 |
44.6 |
469 |
12.3 |
Sources (i+ii+iii+iv-v) |
|||||||||||||
(i) |
Net Bank credit to Government (a+b) |
7,44,616 |
7,23,693 |
–851 |
–0.1 |
4,727 |
0.7 |
–20,923 |
–2.8 |
81,562 |
13.6 |
44,536 |
6.6 |
(a) Reserve Bank |
47,555 |
23,279 |
–4,204 |
–15.3 |
–14,703 |
–12.2 |
–24,276 |
–51.0 |
–38,060 |
–26.4 |
–82,697 |
–78.0 |
|
(b) Other Banks |
6,97,061 |
7,00,413 |
3,353 |
0.5 |
19,431 |
3.5 |
3,353 |
0.5 |
1,19,622 |
26.4 |
1,27,232 |
22.2 |
|
(ii) |
Bank credit to commercial sector (a+b) |
10,11,074 |
10,44,016 |
32,960 |
3.3 |
11,256 |
1.3 |
32,941 |
3.3 |
1,33,692 |
17.4 |
1,40,671 |
15.6 |
(a) Reserve Bank |
2,061 |
2,073 |
31 |
1.5 |
–37 |
–1.2 |
12 |
0.6 |
–186 |
–5.8 |
–938 |
–31.1 |
|
(b) Other Banks |
10,09,013 |
10,41,942 |
32,929 |
3.3 |
11,293 |
1.3 |
32,929 |
3.3 |
1,33,878 |
17.5 |
1,41,609 |
15.7 |
|
(iii) |
Net foreign exchange assets of banking sector |
5,15,304 |
5,18,193 |
–10,100 |
–1.9 |
–2,557 |
–0.6 |
2,889 |
0.6 |
77,672 |
24.8 |
1,27,036 |
32.5 |
(iv) |
Government's currency liabilities to the public |
7,291 |
7,291 |
— |
— |
— |
— |
— |
— |
705 |
11.1 |
220 |
3.1 |
(v) |
Banking sector's net non-monetary liabilities |
||||||||||||
other than time deposits |
2,77,936 |
2,53,321 |
–17,189 |
–6.4 |
–29,548 |
–11.9 |
–24,614 |
–8.9 |
67,009 |
44.2 |
34,768 |
15.9 |
|
of which : Net non-monetary liabilities of RBI |
1,10,310 |
1,10,248 |
–18,152 |
–14.1 |
–5,274 |
–4.1 |
–62 |
–0.1 |
16,649 |
15.8 |
–11,620 |
–9.5 |
|
@ :Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. Note : Government Balances as on March 31, 2004 are before closure of accounts. |