Money Stock : Components and Sources

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Date: May 07, 2010

(Rs. crore)
Item	Outstanding as on		Variation over
	2010		Fortnight		Financial year so far				Year-on-year
	2010		Fortnight		2009-2010		2010-2011		2009		2010
	Mar. 31#	Apr. 23#	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
1	2	3	4	5	6	7	8	9	10	11	12	13
M₃	55,79,567	56,22,402	–17,652	–0.3	1,24,682	2.6	42,834	0.8	8,64,141	21.4	7,20,650	14.7
Components (i+ii+iii+iv)
(i) Currency with the Public	7,68,048	7,98,421	13,822	1.8	20,851	3.1	30,373	4.0	97,689	16.6	1,11,293	16.2
(ii) Demand Deposits with Banks	7,14,157	6,47,290	–30,171	–4.5	–22,589	–3.9	–66,867	–9.4	45,309	8.8	88,364	15.8
(iii) Time Deposits with Banks	40,93,577	41,73,133	–752	—	1,22,276	3.5	79,557	1.9	7,17,610	24.5	5,27,153	14.5
(iv) "Other" Deposits with
Reserve Bank	3,785	3,557	–552	–13.4	4,145	74.4	–228	–6.0	3,533	57.1	–6,160	–63.4
Sources (i+ii+iii+iv-v)
(i) Net Bank Credit to Government (a+b)	16,68,258	16,92,435	40,544	2.5	60,949	4.8	24,177	1.4	4,39,338	48.9	3,53,762	26.4
(a) Reserve Bank	2,20,218	1,89,716	58,189		–10,430		–30,502		2,11,635		1,38,566
(b) Other Banks	14,48,041	15,02,720	–17,645	–1.2	71,379	5.9	54,679	3.8	2,27,703	21.5	2,15,196	16.7
(ii) Bank Credit to Commercial Sector (a+b)	34,83,253	34,55,002	–29,190	–0.8	–38,901	–1.3	–28,251	–0.8	4,43,575	17.5	4,73,387	15.9
(a) Reserve Bank	1,328	1,328	—	—	–784	—	—	—	11,653	—	–11,708	—
(b) Other Banks	34,81,925	34,53,674	–29,190	–0.8	–38,117	–1.3	–28,251	–0.8	4,31,922	17.0	4,85,095	16.3
(iii) Net Foreign Exchange Assets of Banking Sector*	12,75,039	12,61,708	2,473	0.2	–18,897	–1.4	–13,331	–1.0	19,424	1.5	–71,579	–5.4
(iv) Government's Currency Liabilities to the Public	10,919	10,919	—	—	66	0.7	—	—	801	8.6	798	7.9
(v) Banking Sector's Net Non-Monetary Liabilities	8,57,902	7,97,662	31,479	4.1	–1,21,466	–13.7	–60,240	–7.0	38,996	5.4	35,719	4.7
of which :
Net Non-Monetary Liabilities of RBI	3,10,301	2,93,640	5,636	2.0	–9,881	–2.5	–16,661	–5.4	1,60,807	74.0	–84,407	–22.3
* : Includes investments in foreign currency denominated bonds issued by IIFC(UK) since March 20, 2009. Note : Government Balances as on March 31, 2010 are before closure of accounts.