7. Money Stock : Components and Sources - RBI - Reserve Bank of India
7. Money Stock : Components and Sources
(Rs. crore) | |||||||||||||
Outstanding as on | Variation over | ||||||||||||
Financial year so far | Year-on-year | ||||||||||||
2004 | Fortnight | ||||||||||||
2003-2004 | 2004-2005 | 2003 | 2004 | ||||||||||
Item | Mar. 31# | Oct. 15# | Amount % | Amount | % | Amount | % | Amount | % | Amount | % | ||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
20,03,102 | 21,23,514 | 12,754 | 0.6 | 1,35,836 | 7.9 | 1,20,411 | 6.0 | 1,94,870 | 11.7 | 2,69,718 | 14.5 | ||
M3 | |||||||||||||
(21,19,945) | (9,185) | (0.4) | (1,16,842) | (5.8) | (2,66,149) | (14.4) | |||||||
Components (i+ii+iii+iv) | |||||||||||||
(i) | Currency with the Public | 3,15,493 | 3,30,044 | 8,943 | 2.8 | 18,133 | 6.7 | 14,551 | 4.6 | 33,032 | 12.9 | 40,329 | 13.9 |
(ii) | Demand deposits with banks | 2,56,039 | 2,62,148 | 4,756 | 1.8 | 16,915 | 8.5 | 6,108 | 2.4 | 33,500 | 18.4 | 46,476 | 21.5 |
(iii) | Time deposits with banks @ | 14,26,451 | 15,24,775 | –575 | — | 1,00,567 | 8.1 | 98,323 | 6.9 | 1,28,138 | 10.5 | 1,79,829 | 13.4 |
(15,21,206) | (–4,144) | (–0.3) | (94,754) | (6.6) | (1,76,260) | (13.1) | |||||||
(iv) | "Other" deposits with Reserve Bank | 5,119 | 6,547 | –369 | –5.3 | 221 | 6.8 | 1,428 | 27.9 | 201 | 6.2 | 3,084 | 89.1 |
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net Bank credit to Government (a+b) | 7,45,499 | 7,55,114 | 15,181 | 2.1 | 42,146 | 6.2 | 9,615 | 1.3 | 78,556 | 12.3 | 36,445 | 5.1 |
(7,42,921) | (2,988) | (0.4) | (–2,578) | (–0.3) | (24,252) | (3.4) | |||||||
(a) Reserve Bank | 44,907 | 20,865 | 12,171 | 140.0 | –58,055 | –48.1 | –24,042 | –53.5 | –57,929 | –48.1 | –41,759 | –66.7 | |
(b) Other Banks | 7,00,591 | 7,34,249 | 3,010 | 0.4 | 1,00,201 | 18.0 | 33,657 | 4.8 | 1,36,486 | 26.3 | 78,204 | 11.9 | |
(ii) | Bank credit to commercial sector (a+b) | 10,17,902 | 11,53,509 | 34,893 | 3.1 | 35,147 | 3.9 | 1,35,607 | 13.3 | 95,930 | 11.4 | 2,19,381 | 23.5 |
(11,20,827) | (2,211) | (0.2) | (1,02,925) | (10.1) | (1,86,699) | (20.0) | |||||||
(a) Reserve Bank | 2,061 | 1,889 | — | — | –120 | –3.9 | –172 | –8.3 | –178 | –5.7 | –1,039 | –35.5 | |
(b) Other Banks | 10,15,841 | 11,51,620 | 34,893 | 3.1 | 35,267 | 3.9 | 1,35,779 | 13.4 | 96,108 | 11.5 | 2,20,420 | 23.7 | |
(iii) | Net foreign exchange assets of banking sector | 5,26,586 | 5,84,928 | 909 | 0.2 | 53,440 | 13.6 | 58,342 | 11.1 | 90,887 | 25.5 | 1,37,773 | 30.8 |
(iv) | Government's currency liabilities to the public | 7,296 | 7,339 | — | — | 157 | 2.2 | 44 | 0.6 | 378 | 5.5 | 111 | 1.5 |
(v) | Banking sector's net non-monetary liabilities | ||||||||||||
other than time deposits | 2,94,181 | 3,77,376 | 38,228 | 11.3 | –4,945 | –1.9 | 83,196 | 28.3 | 70,881 | 38.8 | 1,23,991 | 48.9 | |
of which : Net non-monetary liabilities of RBI | 1,07,585 | 1,35,685 | 1,590 | 1.2 | –10,069 | –7.9 | 28,100 | 26.1 | 5,638 | 5.1 | 18,612 | 15.9 | |
@: Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs),since November 17, 2000. |