(Rs. crore)

Outstanding
as on

Variation over

Item

Financial year so far

1999

Fortnight

1998-99

1999-2000

Year

Mar. 31#

Apr. 9#

Amount

%

Amount

%

Amount

%

Amount

%

1

2

3

4

5

6

7

8

9

10

11

M3

9,74,328

9,88,024

12,823

1.3

9,873

1.2

13,696

1.4

1,50,942

18.0

Components (i+ii+iii+iv)

(i)

Currency with the Public

1,70,119

1,75,549

4,890

2.9

5,689

3.9

5,430

3.2

23,857

15.7

(ii)

Demand deposits with banks

1,30,267

1,32,670

2,403

1.8

-3,296

-2.8

2,403

1.8

18,029

15.7

(iii)

Time deposits with banks

6,70,130

6,75,853@

5,723

0.9

7,918

1.4

5,723

0.9

1,08,207

19.1

(iv)

"Other" deposits with Reserve Bank

3,812

3,952

-192

-4.6

-438

-12.4

139

3.7

849

27.3

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

(i)

Net bank credit to Government (a+b)

3,86,643

3,95,602

11,516

3.0

4,714

1.4

8,959

2.3

60,296

18.0

(a) Reserve Bank

1,52,509

1,53,513

3,561

2.4

-4,495

-3.3

1,003

0.7

22,848

17.5

(b) Other Banks

2,34,133

2,42,089

7,955

3.4

9,209

4.7

7,955

3.4

37,448

18.3

(ii)

Bank credit to commercial sector (a+b)

4,86,942

4,87,934

4,732

1.0

1,654

0.4

991

0.2

53,541

12.3

(a) Reserve Bank

12,226

8,457

-28

-0.3

-19

-0.2

-3,769

-30.8

290

3.6

(b) Other Banks

4,74,717

4,79,477

4,760

1.0

1,674

0.4

4,760

1.0

53,251

12.5

(iii)

Net foreign exchange assets of banking sector

1,48,633

1,49,892

5,490

3.8

565

0.4

1,259

0.8

22,758

17.9

(iv)

Government's currency liabilities to the public

3,705

3,705

—

—

—

—

—

—

352

10.5

(v)

Banking sector's net non-monetary liabilities

other than time deposits

51,595

49,108

8,915

22.2

-2,939

-4.5

-2,486

-4.8

-13,995

-22.2

of which : Net non-monetary liabilities of R.B.I.

60,435

61,144

1,337

2.2

2,492

5.8

709

1.2

15,369

33.6

@ : 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 15.9 per cent.