RBI balance sheet presents a stable picture

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rbi gateMumbai: A central bank balance sheet is a reflection of its various functions, particularly its role as a monetary authority and as banker to the Government and banks. The structure of assets and liabilities of the Reserve Bank are, more or less, in line with the balance sheet followed by most central banks. The accounts of the Reserve Bank are, however, bifurcated into the Issue Department, reflecting the currency issue function and the Banking Department, accounting for all other central banking functions (such as banker to the Government and banks) in terms of Section 23(1) of the Reserve Bank of India Act, 1934, following the recommendations of the Hilton Young Commission (1926).

Weekly Statistical Supplement (WSS) is a premier publication of the Bank which is published on weekly basis as a supplement of RBI Monthly Bulletin since 1986. It contains high frequency current data and is released every Friday at 5.00 PM

Reserve Bank of India – latest Weekly Statistical Supplement (WSS)

1. Reserve Bank of India – Liabilities and Assets
(` Billion)
Item 2014 2015 Variation
Feb. 28 Feb. 20 Feb. 27 Week Year
1 2 3 4 5
4 Loans and advances
4.1 Central Government
4.2 State Governments 3.14 14.19 5.61 –8.57 2.47

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Foreign Exchange Reserves

Forex Exchange Reserves (FER) comprises Foreign Currency Assets (FCA), Gold, Special Drawing Rights and Reserve Tranche Position. Reports on management of FER are published by RBI on half-yearly basis for bringing about more transparency and enhancing the level of disclosure.

Table below provides the picture of foreign exchange reserve Friday along with variations over week.

2. Foreign Exchange Reserves
Item As on February 27, 2015 Variation over
Week End-March 2014 Year
` Bn. US$ Mn. ` Bn. US$ Mn. ` Bn. US$ Mn. ` Bn. US$ Mn.
1 2 3 4 5 6 7 8
1 Total Reserves 20,903.3 338,079.4 106.4 3,886.3 2,619.5 33,856.2 2,631.8 43,719.2
1.1 Foreign Currency Assets 19,304.9 312,200.1 110.1 3,902.3 2,695.8 35,840.8 2,737.8 45,298.1
1.2 Gold 1,246.5 20,183.2 –49.7 –1,383.6 –55.6 –794.8
1.3 SDRs 251.2 4,065.8 –2.6 –11.4 –17.1 –397.8 –26.2 –402.9
1.4 Reserve Position in the IMF 100.7 1,630.3 –1.1 –4.6 –9.5 –203.2 –24.2 –381.2

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Scheduled Commercial Banks
Business in India

In order to enable the Reserve Bank of India to monitor and ensure compliance of the statutory provisions regarding maintenance of minimum cash reserves(CRR) and Statutory Liquidity Ratio (SLR), every scheduled bank is required to furnish in the prescribed form called Form A return along with Annexure A and B to the Reserve Bank of India on a fortnightly basis on reporting Fridays and Last Fridays of the month statement showing its liabilities and assets in India as at the close of business on Friday in terms of Section 42(2) of the Reserve Bank of India Act, 1934. This return provides up-to-date information on deposits, advances and investments etc of banks.

4. Scheduled Commercial Banks – Business in India
(` Billion)
Item Outstanding as on Feb. 20, 2015 Variation over
Fortnight Financial year so far Year-on-year
2013-14 2014-15 2014 2015
1 2 3 4 5 6
2 Liabilities to Others
2.1 Aggregate Deposits 84,748.2 119.0 8,261.6 7,692.6 10,114.7 8,982.2
2.1a Growth (Per cent) 0.1 12.2 10.0 15.4 11.9
2.1.1 Demand 7,690.8 109.7 255.4 551.6 573.4 812.4
2.1.2 Time 77,057.5 9.4 8,006.2 7,141.1 9,541.3 8,169.8
2.2 Borrowings 2,250.6 70.7 40.9 40.3 125.8 –6.9
2.3 Other Demand and Time Liabilities 4,462.8 –144.7 256.7 79.5 385.0 89.7
7 Bank Credit 64,533.9 118.7 5,853.7 4,592.9 7,185.7 6,075.5
7.1a Growth (Per cent) 0.2 11.1 7.7 14.0 10.4
7a.1 Food Credit 997.4 –32.4 101.5 12.6 –3.6 –68.3
7a.2 Non-food credit 63,536.5 151.1 5,752.3 4,580.3 7,189.3 6,143.8

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6. Money Stock: Components and Sources
(` Billion)
Item Outstanding as on Variation over
2014 2015 Fortnight Financial Year so far Year-on-Year
2013-14 2014-15 2014 2015
Mar. 31 Feb. 20 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 94,973.3 104,382.4 226.6 0.2 9,738.4 11.6 9,409.1 9.9 11,895.8 14.6 10,745.8 11.5
1 Components
1.1 Currency with the Public 12,483.4 13,721.5 98.7 0.7 983.2 8.6 1,238.1 9.9 1,136.4 10.1 1,327.7 10.7
1.2 Demand Deposits with Banks 8,043.9 8,644.2 110.5 1.3 250.5 3.3 600.3 7.5 632.6 8.8 861.4 11.1
1.3 Time Deposits with Banks 74,426.3 81,929.8 13.0 8,522.0 13.1 7,503.5 10.1 10,126.8 16.0 8,484.9 11.6
1.4 ‘Other’ Deposits with Reserve Bank 19.7 86.9 4.4 5.3 –17.3 –53.4 67.3 342.3 71.8 476.2
2 Sources (2.1+2.2+2.3+2.4-2.5)
2.1 Net Bank Credit to Government 30,386.0 31,354.0 –33.4 3,185.9 11.8 968.0 3.2 3,581.4 13.4 1,078.0 3.6
2.1.1 Reserve Bank 6,987.1 4,632.6 –132.8 683.7 –2,354.5 658.7 –1,956.9
2.1.2 Other Banks 23,398.9 26,721.4 99.3 0.4 2,502.2 11.8 3,322.5 14.2 2,922.7 14.1 3,034.9 12.8
2.2 Bank Credit to Commercial Sector 64,424.8 69,220.6 137.1 0.2 6,306.4 11.1 4,795.8 7.4 7,687.0 13.9 6,235.6 9.9
2.2.1 Reserve Bank 88.4 60.5 4.7 48.3 –27.8 59.6 –18.3
2.2.2 Other Banks 64,336.4 69,160.1 132.4 0.2 6,258.2 11.0 4,823.7 7.5 7,627.5 13.8 6,253.8 9.9

 


Liquidity Operations by RBI

Liquidity management refers to appropriate level of liquidity and overall monetary conditions. For a central bank, the concept of liquidity management typically refers to the framework and set of instruments that the central bank follows in steering the amount of bank reserves in order to anchor the money market interest rates around the policy rate. The importance of central bank liquidity management lies in its ability to exercise considerable influence and control over short-term interest rates and thereby affecting the entire interest rate term structure, which is important to monetary policy transmission. Central bank liquidity management has short-term effects on financial markets. However, the medium-term implications for the real sector and the inflation situation are particularly important.

8. Liquidity Operations by RBI
(` Billion)
Date Liquidity Adjustment Facility MSF Standing Liquidity Facilities OMO (Outright) Net Injection (+)/ Absorption (-) (1+3+5+6+8-2-4-7)
Repo Reverse Repo Term Repo/ Overnight Variable Rate Repo Term Reverse Repo/ Overnight Variable Rate Reverse Repo Sale Purchase
1 2 3 4 5 6 7 8 9
Feb. 23, 2015 201.31 37.75 215.16 3.10 –0.30 381.52
Feb. 24, 2015 183.01 39.73 305.11 80.92 0.69 368.16
Feb. 25, 2015 187.01 37.09 200.02 3.05 352.99
Feb. 26, 2015 152.00 172.33 150.02 0.70 130.39
Feb. 27, 2015 82.74 91.00 155.01 112.70 1.85 35.90

The table contains information on daily injection/ absorption of liquidity by the RBI in the market through LAF (Repo, Term-Repo, Reverse Repo and MSF), and Standing Liquidity Facilities & Open market operations (OMO). OMO (overnight) excludes RBI’s agency operation.

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