RBI Bulletin


Search Archives
Section

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 : Jun 22, 2026
(₹ Crore)
Sources Outstanding as on March 31/last reporting Fortnights of the month/reporting Fortnights
2025-26 2025 2026
Apr. 18 Mar. 31 Apr. 15 Apr. 30
1 2 3 4 5
1. Net Bank Credit to Government 9369275 8623867 9369275 9584025 9488213
1.1 RBI’s net credit to Government (1.1.1–1.1.2) 2079086 1626509 2079086 2372065 2233395
1.1.1 Claims on Government 2291566 1654545 2291566 2372119 2279835
1.1.1.1 Central Government 2259059 1617753 2259059 2339433 2264982
1.1.1.2 State Governments 32507 36792 32507 32685 14853
1.1.2 Government deposits with RBI 212480 28036 212480 54 46440
1.1.2.1 Central Government 212436 27993 212436 11 46397
1.1.2.2 State Governments 43 42 43 43 43
1.2 Other Banks’ Credit to Government 7290189 6997358 7290189 7211960 7254819
2. Bank Credit to Commercial Sector 22226641 18996021 22226641 21760914 22058492
2.1 RBI’s credit to commercial sector 28247 19280 28247 11018 13912
2.2 Other banks’ credit to commercial sector 22198394 18976741 22198394 21749896 22044580
2.2.1 Bank credit by commercial banks 21359948 18187891 21359948 20917707 21210698
2.2.2 Bank credit by co-operative banks 816115 769470 816115 808953 810278
2.2.3 Investments by commercial and co-operative banks in other securities 22330 19379 22330 23236 23605
3. Net Foreign Exchange Assets of Banking Sector (3.1 + 3.2) 7126272 6290117 7126272 7145570 7126164
3.1 RBI’s net foreign exchange assets (3.1.1 - 3.1.2) 6360229 5692537 6360229 6379527 6360121
3.1.1 Gross foreign assets 6360218 5692537 6360218 6379516 6360102
3.1.2 Foreign liabilities -12 1 -12 -11 -19
3.2 Other banks’ net foreign exchange assets 766043 597580 766043 766043 766043
4. Government’s Currency Liabilities to the Public 40818 36632 40818 40922 41059
5. Banking Sector’s Net Non-monetary Liabilities 7309880 6315949 7309880 7604840 7549951
5.1 Net non-monetary liabilities of RBI 3065199 2308158 3065199 3134356 3153261
5.2 Net non-monetary liabilities of other banks (residual) 4244681 4007791 4244681 4470484 4396691
M3(1+2+3+4–5) 31453126 27630687 31453126 30926590 31163977
Note: 3.1: Include foreign currency denominated bonds issued by IIFC (UK).

Archives

Top
Back to previous page