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 | ||||||||||||
2005 | Fortnight | ||||||||||||
2004-2005 | 2005-2006 | 2004 | 2005 | ||||||||||
Item | Mar. 31# | Apr. 1# | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | |
22,69,156 | 23,15,061 | 47,007 | 2.1 | 44,787 | 2.2 | 45,905 | 2.0 | 2,88,866 | 16.4 | 2,61,745 | 12.7 | ||
M3 | |||||||||||||
(22,65,587) | (23,11,492) | (2,58,176) | (12.6) | ||||||||||
Components (i+ii+iii+iv) | |||||||||||||
(i) | Currency with the Public | 3,57,424 | 3,56,111 | –1,309 | –0.4 | –1,232 | –0.4 | –1,313 | –0.4 | 39,523 | 14.4 | 41,936 | 13.3 |
(ii) | Demand deposits with banks | 2,97,088 | 3,15,502 | 18,414 | 6.2 | 21,203 | 8.2 | 18,414 | 6.2 | 63,796 | 29.6 | 36,286 | 13.0 |
(iii) | Time deposits with banks @ | 16,08,161 | 16,37,123 | 28,963 | 1.8 | 25,564 | 1.8 | 28,963 | 1.8 | 1,85,000 | 14.6 | 1,81,571 | 12.5 |
(16,04,592) | (16,33,554) | (1,78,002) | (12.2) | ||||||||||
(iv) | "Other" deposits with Reserve Bank | 6,483 | 6,324 | 939 | 17.4 | –747 | –14.6 | –159 | –2.5 | 547 | 14.3 | 1,952 | 44.7 |
Sources (i+ii+iii+iv-v) | |||||||||||||
(i) | Net Bank credit to Government (a+b) | 7,62,496 | 7,54,978 | 10,308 | 1.4 | –10,808 | –1.5 | –7,518 | –1.0 | 50,596 | 7.4 | 22,120 | 3.0 |
(7,50,303) | (7,42,785) | (9,927) | (1.4) | ||||||||||
(a) Reserve Bank | –12,197 | –27,662 | 2,361 | –21,628 | –15,465 | –82,697 | –50,941 | ||||||
(b) Other Banks | 7,74,694 | 7,82,640 | 7,947 | 1.0 | 10,821 | 1.5 | 7,947 | 1.0 | 1,33,293 | 23.1 | 73,061 | 10.3 | |
(ii) | Bank credit to commercial sector (a+b) | 12,75,027 | 13,25,355 | 50,329 | 3.9 | 32,862 | 3.2 | 50,329 | 3.9 | 1,39,942 | 15.3 | 2,72,019 | 25.8 |
(12,42,345) | (12,92,673) | (2,39,337) | (22.7) | ||||||||||
(a) Reserve Bank | 1,389 | 1,389 | — | — | 12 | 0.6 | — | — | –938 | –31.1 | –684 | –33.0 | |
(b) Other Banks | 12,73,637 | 13,23,966 | 50,329 | 4.0 | 32,850 | 3.2 | 50,329 | 4.0 | 1,40,880 | 15.5 | 2,72,703 | 25.9 | |
(iii) | Net foreign exchange assets of banking sector | 6,51,998 | 6,50,646 | –3,096 | –0.5 | 2,889 | 0.5 | –1,352 | –0.2 | 1,38,318 | 35.4 | 1,21,171 | 22.9 |
(iv) | Government's currency liabilities to the public | 7,436 | 7,436 | — | — | — | — | — | — | 225 | 3.2 | 141 | 1.9 |
(v) | Banking sector's net non-monetary liabilities | ||||||||||||
other than time deposits | 4,27,801 | 4,23,355 | 10,534 | 2.6 | –19,844 | –6.9 | –4,446 | –1.0 | 40,214 | 17.5 | 1,53,706 | 57.0 | |
of which : Net non-monetary liabilities of RBI | 1,25,548 | 1,23,209 | –7,230 | –5.5 | 2,585 | 2.4 | –2,339 | –1.9 | –11,698 | –9.6 | 13,039 | 11.8 | |
@: Includes Rs.25,662 crore on account of proceeds from India Millennium Deposits (IMDs), since November 17, 2000. |