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No. 11 : SOURCES OF MONEY STOCK (M3)
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(Rs. crore) |
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Outstandings as on March 31/reporting Fridays of the |
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month/Last Reporting Friday of the month |
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Source |
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2002-03 |
2003-04 |
2004-05 |
November 12, |
November 26, |
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2004 |
2004 |
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1 |
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2 |
3 |
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5 |
6 |
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1. |
Net Bank Credit to Government (A+B) |
6,76,523 |
7,42,904 |
7,57,906 |
7,53,926 |
7,54,582 |
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(7,45,713) |
(7,41,733) |
(7,42,389) |
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A. |
RBI’s net credit to Government (i-ii) |
1,20,679 |
44,907 |
-17,975 |
30,737 |
18,204 |
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(i) |
Claims on Government (a+b) |
1,24,210 |
52,295 |
61,970 |
97,325 |
76,796 |
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(a) Central Government (1) |
1,16,515 |
44,307 |
56,687 |
93,618 |
72,542 |
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(b) State Governments |
7,695 |
7,988 |
5,283 |
3,708 |
4,254 |
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(ii) |
Government deposits with RBI (a+b) |
3,531 |
7,387 |
79,945 |
66,588 |
58,592 |
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(a) Central Government |
3,531 |
7,387 |
79,945 |
66,237 |
58,490 |
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(b) State Governments |
— |
— |
— |
351 |
101 |
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B. |
Other Banks’ Credit to Government |
5,55,844 |
6,97,996 |
7,75,880 |
7,23,189 |
7,36,378 |
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2. |
Bank Credit to Commercial Sector(A+B) |
8,98,981 |
10,16,151 |
12,80,540 |
11,74,961 |
11,80,231 |
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(12,47,658) |
(11,42,079) |
(11,47,349) |
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A. |
RBI’s credit to commercial sector (2) |
3,048 |
2,061 |
1,390 |
2,409 |
1,890 |
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B. |
Other banks’ credit to commercial sector (i+ii+iii) |
8,95,932 |
10,14,089 |
12,79,150 |
11,72,552 |
11,78,341 |
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(i) |
Bank credit by commercial banks |
7,29,215 |
8,40,785 |
11,00,428 |
9,99,347 |
10,07,098 |
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(ii) |
Bank credit by co-operative banks |
1,37,869 |
1,46,094 |
1,54,448 |
1,46,327 |
1,45,689 |
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(iii) |
Investments by commercial and |
28,848 |
27,211 |
24,274 |
26,879 |
25,555 |
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co-operative banks in other securities |
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3. |
Net Foreign Exchange Assets of Banking Sector (A+B) |
3,93,715 |
5,26,586 |
6,49,255 |
5,90,199 |
6,03,338 |
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A. |
RBI’s net foreign exchange assets (i-ii)(3) |
3,58,244 |
4,84,413 |
6,12,790 |
5,52,420 |
5,65,559 |
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(i) |
Gross foreign assets |
3,58,261 |
4,84,431 |
6,12,808 |
5,52,437 |
5,65,577 |
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(ii) |
Foreign liabilities |
17 |
17 |
17 |
17 |
17 |
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B. |
Other banks’ net foreign exchange assets |
35,471 |
42,173 |
36,465 |
37,779 |
37,779 |
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4. |
Government’s Currenc Liabilities to the Public |
7,071 |
7,296 |
7,448 |
7,361 |
7,374 |
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5. |
Banking Sector’s net Non-monetary Liabilities |
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Other than Time Deposits (A+B) |
2,58,330 |
2,87,261 |
4,41,210 |
3,95,262 |
4,10,679 |
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A. |
Net non-monetary liabilities of RBI(3) |
1,27,141 |
1,07,585 |
1,19,776 |
1,38,854 |
1,42,811 |
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B. |
Net non-monetary liabilities of other banks(residual) |
1,31,188 |
1,79,676 |
3,21,434 |
2,56,407 |
2,67,868 |
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(1+2+3+4-5) |
17,17,960 |
20,05,676 |
22,53,938 |
21,31,185 |
21,34,846 |
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M3 |
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(16,88,289) |
(19,88,415) |
(22,33,164) |
(21,10,411) |
(21,14,072 ) |
No. 11 : SOURCES OF MONEY STOCK (M3) (C oncld.)
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(Rs. crore) |
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Outstanding as on March 31/Reporting Fridays of the |
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month/Last Reporting Friday of the month |
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Source |
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Jul. |
Aug. |
Sep. |
Oct. |
Nov. 11, |
Nov. 25, |
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2005 |
2005 |
2005 |
2005 |
2005 |
2005 |
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7 |
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11 |
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1. |
Net Bank Credit to Government (A+B) |
7,69,647 |
7,64,270 |
7,54,547 |
7,69,959 |
7,70,866 |
7,72,397 |
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(7,57,454) |
(7,52,077) |
(7,42,354) |
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A. |
RBI’s net credit to Government (i-ii) |
-7,509 |
-25,508 |
-33,950 |
-19815 |
-7,013 |
-7,872 |
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(i) |
Claims on Government (a+b) |
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64,409 |
47,082 |
47,592 |
51,576 |
74,637 |
69,903 |
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(a) Central Government (1) |
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63,950 |
46,652 |
47,592 |
51,497 |
74,579 |
69,669 |
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(b) State Governments |
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459 |
429 |
— |
80 |
58 |
234 |
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(ii) Government deposits with RBI (a+b) |
71,918 |
72,590 |
81,542 |
71,391 |
81,649 |
77,774 |
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(a) Central Government |
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71,877 |
72,309 |
81,500 |
71,350 |
81,608 |
77,733 |
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(b) State Governments |
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41 |
281 |
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41 |
41 |
41 |
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B. |
Other Banks’ Credit to Government |
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7,77,156 |
7,89,778 |
7,88,497 |
7,89,773 |
7,77,879 |
7,80,269 |
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2. |
Bank Credit to Commercial Sector(A+B) |
13,63,262 |
13,84,578 |
14,40,498 |
14,68,157 |
14,84,561 |
14,92,086 |
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(13,30,380) |
(13,51,696) |
(14,07,616) |
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A. |
RBI’s credit to commercial sector (2) |
1,387 |
1,387 |
1,387 |
1,387 |
1,846 |
1,387 |
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B. |
Other banks’ credit to commercial sector (i+ii+iii) |
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13,61,875 |
13,83,191 |
14,39,111 |
14,66,770 |
14,82,714 |
14,90,699 |
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(i) |
Bank credit by commercial banks |
11,79,910 |
12,00,948 |
12,56,141 |
12,84,400 |
13,00,232 |
13,05,860 |
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(ii) |
Bank credit by co-operative banks |
1,53,927 |
1,53,840 |
1,55,290 |
1,54,733 |
1,54,866 |
1,57,679 |
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(iii) |
Investments by commercial and |
28,038 |
28,403 |
27,681 |
27,637 |
27,616 |
27,160 |
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co-operative banks in other securities |
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3. |
Net Foreign Exchange Assets of Banking Sector (A+B) |
6,27,708 |
6,55,496 |
6,60,700 |
6,78,974 |
6,82,642 |
6,82,212 |
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A. |
RBI’s net foreign exchange assets(i-ii)(3) |
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5,90,027 |
6,17,814 |
6,23,018 |
6,41,293 |
6,44,961 |
6,44,530 |
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(i) |
Gross foreign assets |
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5,90,044 |
6,17,832 |
6,23,036 |
6,41,310 |
6,44,978 |
6,44,547 |
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(ii) |
Foreign liabilities |
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17 |
17 |
17 |
17 |
17 |
17 |
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B. |
Other banks’ net foreign exchange assets |
37,682 |
37,682 |
37,682 |
37,682 |
37,682 |
37,682 |
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4. |
Government’s Currency Liabilities to the Public |
7,521 |
7,521 |
7,521 |
7,521 |
7,521 |
7,521 |
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5. |
Banking Sector’s net Non-monetary Liabilities |
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Other than Time Deposits (A+B) |
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3,92,349 |
4,06,454 |
3,93,934 |
4,37,915 |
4,44,467 |
4,53,351 |
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A. |
Net non-monetary liabilities of RBI(3) |
98,059 |
1,00,624 |
1,06,373 |
1,24,214 |
1,28,630 |
1,27,214 |
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B. |
Net non-monetary liabilities of other banks(residual) |
2,94,290 |
3,05,831 |
2,87,561 |
3,13,701 |
3,15,837 |
3,26,137 |
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(1+2+3+4-5) |
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23,75,789 |
24,05,411 |
24,69,332 |
24,86,696 |
25,01,123 |
25,00,865 |
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M3 |
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(23,55,015) |
(23,84,637) |
(24,48,558) |
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Note : Figures in brackets ( ) exclude the impact of mergers and conversion
since May 3, 2002 and October 11, 2004, respectively.
Also see ‘Notes on Tables’. |
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