5.1.1 Statistical presentation

• Data are disseminated in crore of rupees (1 crore=10 million) on the analytical accounts of the banking sector, covering the accounts of the Reserve Bank of India (RBI), the commercial banks, and the cooperative banks.
• Data are disseminated on the following:

1. M3, including currency with the public, demand and time deposits of commercial and cooperative banks, and "other" deposits with the RBI. (Broad money comprises only the monetary liabilities of the banking sector.)
2. Net domestic credit to general government, comprising the credit of both the RBI and the commercial and cooperative banks. (The data cover credit to the central government and the state governments. Local governments are not permitted to borrow.)
3. Domestic credit to the "commercial" sector, covering the credit of both the RBI and the commercial and cooperative banks. (The "commercial" sector comprises the entire non-banking non-government sector which includes both the private sector and the non-banking public enterprises.)
4. Net foreign exchange assets (that is, the net foreign position) of the RBI and commercial and cooperative banks. (The net foreign positions are not defined strictly on a residency basis, particularly for deposits.)

4.1.1 Periodicity

4.1.2 Timeliness

5.1.3 Advance release calendar

An advance release calendar which provides notice of the precise release dates is disseminated on the Reserve Bank of India's Internet website under the heading "Statistics".

5.1.4 Simultaneous release

The data are released simultaneously to all interested parties by publishing the relevant issue of the RBI's Weekly Statistical Supplement and by concurrently posting the data on the RBI's Internet website (http://www.rbi.org.in/) under the heading "Statistics/Weekly".

0.1.1 Responsibility for collecting, processing, and disseminating statistics

Reserve Bank of India

The data are compiled and disseminated under the terms and conditions of the Reserve Bank of India Act 1934 and the Banking Regulation Act 1949.

- Section 43 of the RBI Act requires the RBI to publish every two weeks a consolidated statement showing the aggregate liabilities and assets of all scheduled banks, based on the returns and information received from banks.

Analytical accounts of the banking sector

Section 53 (1) of the RBI Act requires the RBI to provide a weekly statement of accounts of the Issue Department and the Banking Department of the RBI to the Central Government in the form prescribed by the Government, which subsequently publishes the information in the Gazette of India.

0.1.2 Data sharing and coordination among data producing agencies

Various Departments of the Reserve Bank of India collect the required data. Coordination and data sharing amongst the Departments are adequate.

0.1.3 Confidentiality of individual reporters' data

Reserve Bank of India

Under the terms and conditions of the Reserve Bank of India Act 1934 and the Banking Regulation Act 1949:

- Section 45E of the RBI Act requires the RBI to maintain the confidentiality of the data collected from banks.

- Section 28 of the Banking Regulation Act also requires the RBI to respect the confidentiality of the data collected from banks. This information, however, can be published or disclosed in the public interest in a consolidated form or in accordance with the practice and usage customary among bankers or as required by any law.

0.1.4 Ensuring statistical reporting

Reserve Bank of India

Under the terms and conditions of the Reserve Bank of India Act 1934 and the Banking Regulation Act 1949:

- Section 53 (1) of the RBI Act requires the RBI to provide a weekly statement of accounts of the Issue Department and the Banking Department of the RBI to the Central Government in the form prescribed by the Government, which subsequently publishes the information in the Gazette of India.

Analytical accounts of the banking sector

0.2.1 Staff, facilities, computing resources, and financing

0.2.2 Ensuring efficient use of resources

0.3.1 Monitoring user requirements

0.4.1 Quality policy

0.4.2 Quality monitoring

1.1.1 Impartiality of statistics

1.1.2 Selection of sources, methodology, and modes of dissemination

1.1.3 Commenting on erroneous interpretation and misuse of statistics

1.2.1 Disclosure of terms and conditions for statistical collection, processing, and dissemination

Reserve Bank of India

The RBI Act 1934 and the Banking Regulation Act 1949 are published in Hindi and English, and copies can be obtained from the Controller of Publications, Government of India, Ministry of Law, Justice and Company Affairs, New Delhi, 110001.

1.3.1 Guidelines for staff behavior

1.2.2 Internal governmental access to statistics prior to release

Reserve Bank of India

1.2.3 Attribution of statistical products

• Data are released by the Reserve Bank through its publications and are also placed on its website.
  
• Detailed analysis is presented in various publications of the Reserve Bank on a periodic basis (see 1.1.3).

4.3.1 Revision schedule

4.3.2 Identification of preliminary and/or revised data

The status of the data is indicated in the various publications. Provisional data are indicated accordingly.

1.2.4 Advance notice of major changes in methodology, source data, and statistical techniques.

5.2.1 Dissemination of documentation on concepts, scope, classifications, basis of recording, data sources, and statistical techniques

Notes on the methodology are published in the Reserve Bank of India Bulletin. More detailed explanations of methodology are published from time to time as supplements to the Bulletin; these are available from the contact person on request.

4.2.1 Internal consistency

4.2.2 Temporal consistency

• A largely consistent time series has been published in "Handbook of Monetary Economics" (published in February 2006).
• The monthly Reserve Bank of India Bulletin publishes detailed time series data broken down by component and by sector, as follows:

1. fortnightly data for the reference month and the corresponding month of the previous fiscal year;
2. monthly data for the four months preceding the reference month; and
3. annual data for the first fiscal year of the decade, and for the 3 fiscal years preceding the current fiscal year.

• The annual Handbook of Statistics on the Indian Economy publishes time series data on the components and sources of money stock.

5.1.2 Dissemination media and format

Data are disseminated both in hard copy and on the Reserve Bank's website.