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Document - 8. Monetary Survey () or PDF - 8. Monetary Survey ()
8. Monetary Survey
Date : Nov 24, 2025
(₹ Crore)
Item 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
Monetary Aggregates          
NM1 (1.1+1.2.1+1.3) 6584081 6127353 6857897 6865254 6828092
NM2 (NM1 + 1.2.2.1) 15768688 14929483 16376038 16454216 16377198
NM3 (NM2 +1.2.2.2 + 1.4 = 2.1 + 2.2 + 2.3 – 2.4 – 2.5) 27909568 26567267 28871731 28990627 28906851
1 Components          
1.1 Currency with the Public 3630751 3392284 3715737 3719370 3706688
1.2 Aggregate Deposits of Residents 23250261 22201272 24183940 24344358 24225137
1.2.1 Demand Deposits 2840023 2640984 3032516 3035554 3004901
1.2.2 Time Deposits of Residents 20410239 19560288 21151424 21308804 21220236
1.2.2.1 Short-term Time Deposits 9184607 8802130 9518141 9588962 9549106
1.2.2.1.1 Certificates of Deposits (CDs) 527375 467853 494788 495811 495098
1.2.2.2 Long-term Time Deposits 11225631 10758158 11633283 11719842 11671130
1.3 'Other' Deposits with RBI 113307 94085 109645 110330 116503
1.4 Call/Term Funding from Financial Institutions 915248 879626 862409 816569 858523
2 Sources          
2.1 Domestic Credit 28802443 26693009 29305221 29627521 29479531
2.1.1 Net Bank Credit to the Government 8510825 7626155 8585943 8747071 8490309
2.1.1.1 Net RBI credit to the Government 1508105 921112 1511706 1607508 1324495
2.1.1.2 Credit to the Government by the Banking System 7002720 6705043 7074237 7139564 7165814
2.1.2 Bank Credit to the Commercial Sector 20291618 19066853 20719277 20880449 20989222
2.1.2.1 RBI Credit to the Commercial Sector 38246 10589 13069 9833 15669
2.1.2.2 Credit to the Commercial Sector by the Banking System 20253372 19056265 20706208 20870616 20973552
2.1.2.2.1 Other Investments (Non-SLR Securities) 1208294 1162164 1253713 1268387 1264028
2.2 Government's Currency Liabilities to the Public 36632 34594 38057 38438 38438
2.3 Net Foreign Exchange Assets of the Banking Sector 5605462 5546567 5986001 6074543 6102612
2.3.1 Net Foreign Exchange Assets of the RBI 5550947 5629250 5870992 5985014 6010871
2.3.2 Net Foreign Currency Assets of the Banking System 54514 -82683 115008 89529 91741
2.4 Capital Account 4481192 4437226 5156447 5270609 5291812
2.5 Other items (net) 2053777 1269677 1301101 1479265 1421919
Note: NM2 and NM3 do not include FCNR (B) deposits.
2.4: Consist of paid-up capital and reserves.
2.5: includes other demand and time liabilities of the banking system.

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