(1) During 2008-09, broad money stock (M3) (up to January 16, 2009) increased by 12.7 per cent as compared to 14.7 per cent during the corresponding period of the last year. Similarly, Net foreign exchange assets (NFA) of banking sector (up to January 16, 2009) have decreased by (-) 3.9 per cent as compared to an increase of 25.6 per cent in the same period last year.
|
Items |
Outstanding as on (Rs. crore) |
% Variations |
|
Financial year so far a |
Year-on-year |
|
Mar 31, 08 |
Jan 16, 09 |
07-08 |
08-09 |
2007 |
2008 |
|
| M3(I+II+III+IV) |
4006722 |
4514800 |
14.7 |
12.7 |
23.7 |
18.7 |
|
| I. Currency with the public |
567476 |
637529 |
12.7 |
12.3 |
15.3 |
17.2 |
|
| II. Demand deposits with banks |
474408 |
497303 |
5.4 |
-13.4 |
25.9 |
-0.8 |
|
| III. Time deposits with banks |
2855769 |
3374676 |
17.2 |
18.2 |
25.2 |
22.5 |
|
| IV. Other deposits with RBI |
9069 |
5292 |
-36.5 |
-41.6 |
-14.8 |
11.2 |
|
| Sources (1+2+3+4-5) |
|
| 1. Net bank credit to Govt. (A+B) |
907077 |
1158577 |
1.1 |
27.7 |
4.0 |
37.3 |
|
| A. RBI's net credit to Govt. |
-113209 |
-28137 |
- |
- |
- |
- |
|
| B. Other bank credit to Govt. |
1020286 |
1186714 |
20.2 |
16.3 |
25.1 |
18.7 |
|
| 2. Bank credit to commercial sector |
2569912 |
2870496 |
11.4 |
11.7 |
20.8 |
20.9 |
|
| 3. Net foreign exchange assets of banking sector |
1295131 |
1244322 |
25.6 |
-3.9 |
34.7 |
8.5 |
|
| 4. Government's currency liabilities to the public |
9324 |
9787 |
9.6 |
5.0 |
10.3 |
8.1 |
|
| 5. Banking sector's net non-monetary
liabilities other than time deposits |
774723 |
768382 |
-0.1 |
-0.8 |
1.6 |
35.1 |
|
| a Cumulative reference period from April 1 till date in Col. (3) |
Source: Ministry of Finance
(2) During 2008-09 (up to January 16, 2009), gross bank credit increased by 12.0 per cent compared to an increase of 12.1 per cent during the corresponding period of last year. Similarly, non-food credit (up to January 16, 2009) increased by 12.0 per cent compared to an increase of 12.8 per cent during the corresponding period of last year.
|
Items |
Outstanding as on (Rs. Crore) |
% Variations |
| Financial year so far |
Year-on-year |
| Mar28,
08 |
Jan 16, 09 |
2007-08 |
2008-09 |
2007 |
2008 |
|
| 1. Bank credit |
2361913 |
2645160 |
12.1 |
12.0 |
22.4 |
22.1 |
|
| Food credit |
44399 |
49695 |
-15.8 |
11.9 |
-4.9 |
26.8 |
|
| Non-Food credit |
2317514 |
2595465 |
12.8 |
12.0 |
23.1 |
22.1 |
|
| 2. Aggregate deposit |
3196940 |
3630079 |
15.8 |
13.5 |
26.5 |
20.0 |
|
| Demand deposit |
524310 |
449383 |
6.0 |
-14.3 |
27.9 |
-1.4 |
|
| Time deposits |
2672630 |
3180697 |
17.7 |
19.0 |
26.2 |
23.8 |
|
| 3. Investments in Govt.
and other approved securities |
971715 |
1040456 |
20.5 |
17.4 |
26.0 |
19.6 |
|
| Government securities |
958662 |
1122820 |
21.2 |
17.1 |
26.8 |
19.4 |
|
| Other approved securities |
13053 |
17636 |
-14.6 |
35.1 |
-14.7 |
33.6 |
Source: Ministry of Finance
(3) As on January 16, 2008, Bank Rate was 6.00 per cent, the same as on the corresponding date of last year. Call money rates (borrowing) were in the range of 2.00/4.50 per cent as compared with 3.50/5.20 per cent on the corresponding date of last year.
|
Item/week ended |
2008 |
2009 |
| January 18 |
January 16 |
|
| Bank Rate |
6.00 |
6.00 |
|
| IDBI1 |
10.25 |
10.25 |
|
| Prime Lending Rate2 |
12.75-13.25 |
12.00-12.50 |
|
| Deposit Rate3 |
8.00-9.00 |
8.50-9.00 |
|
| Call Money Rate4 (Low/High) |
|
| Borrowings |
3.50/5.20 |
2.00/4.50 |
|
| Lending |
3.50/5.20 |
2.00/4.50 |
1. Minimum Term Lending Rate (MTLR)
2. Prime Lending Rate relates to five major Banks
3. Deposit Rate relates to major banks for term deposits of more than one-year maturity.
4. Call money rates are based on data covering 90-95 per cent of total transactions reported by major participants.
Source: Ministry of Finance
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