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Document - 7. Sources of Money Stock (M<sub>3</sub>) () or PDF - 7. Sources of Money Stock (M<sub>3</sub>) ()
7. Sources of Money Stock (M3)
Date : Nov 24, 2025
(₹ Crore)
Sources Outstanding as on March 31/last reporting Fortnights of the month/reporting Fortnights
2024-25 2024 2025
Sep. 20 Aug. 22 Sep. 05 Sep. 19
1 2 3 4 5
1 Net Bank Credit to Government 8510825 7626155 8585943 8747071 8490309
1.1 RBI's net credit to Government (1.1.1–1.1.2) 1508105 921112 1511706 1607508 1324495
1.1.1 Claims on Government 1591591 1340430 1795840 1815543 1805435
1.1.1.1 Central Government 1558903 1313984 1768377 1771473 1772990
1.1.1.2 State Governments 32688 26447 27463 44070 32445
1.1.2 Government deposits with RBI 83485 419318 284134 208035 480940
1.1.2.1 Central Government 83443 419275 284091 207993 480898
1.1.2.2 State Governments 42 42 43 42 42
1.2 Other Banks' Credit to Government 7002720 6705043 7074237 7139564 7165814
2 Bank Credit to Commercial Sector 19068129 17889364 19449509 19600218 19709575
2.1 RBI's credit to commercial sector 38246 10589 13069 9833 15669
2.2 Other banks' credit to commercial sector 19029883 17878775 19436439 19590385 19693906
2.2.1 Bank credit by commercial banks 18243972 17125052 18646842 18800686 18902861
2.2.2 Bank credit by co-operative banks 766659 734471 769722 769542 770470
2.2.3 Investments by commercial and co-operative banks in other securities 19252 19252 19876 20158 20575
3 Net Foreign Exchange Assets of Banking Sector (3.1 + 3.2) 6148527 5991648 6467254 6581276 6597919
3.1 RBIs net foreign exchange assets (3.1.1 - 3.1.2) 5550947 5629250 5870992 5985014 6010871
3.1.1 Gross foreign assets 5550956 5629252 5870987 5985005 6010860
3.1.2 Foreign liabilities 9 2 -5 -9 -11
3.2 Other banks' net foreign exchange assets 597580 362398 596262 596262 587048
4 Government's Currency Liabilities to the Public 36632 34594 38057 38057 38438
5 Banking Sector's Net Non-monetary Liabilities 6477524 5587438 6232262 6490610 6485961
5.1 Net non-monetary liabilities of RBI 2147427 1957330 2288911 2431271 2463314
5.2 Net non-monetary liabilities of other banks (residual) 4330098 3630108 3943351 4059339 4022647
M3(1+2+3+4–5) 27286589 25954324 28308502 28476013 28350281
Note: 3.1: Include foreign currency denominated bonds issued by IIFC (UK).

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