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Document - 8. Monetary Survey () or PDF - 8. Monetary Survey ()
8. Monetary Survey
Date : Oct 23, 2026
(₹ Crore)
Item Outstanding as on March 31/last reporting Fortnights of the month/reporting Fortnights
2025-26 2025 2026
Aug. 22 Jul. 31 Aug. 15 Aug. 31
1 2 3 4 5
Monetary Aggregates          
NM1 (1.1+1.2.1+1.3) 8042501 6857777 7894286 7787077 7919884
NM2 (NM1 + 1.2.2.1) 18434549 16375952 18580643 18453496 18650873
NM3 (NM2 +1.2.2.2 + 1.4 = 2.1 + 2.2 + 2.3 – 2.4 – 2.5) 31944151 28871685 32552939 32382093 32735122
1. Components          
1.1 Currency with the Public 4065488 3715737 4185446 4207115 4194109
1.2 Aggregate Deposits of Residents 26938321 24183895 27333694 27159482 27449595
1.2.1 Demand Deposits 3844879 3032395 3586233 3456330 3602954
1.2.2 Time Deposits of Residents 23093442 21151500 23747461 23703152 23846641
1.2.2.1 Short-term Time Deposits 10392049 9518175 10686357 10666419 10730989
1.2.2.1.1 Certificates of Deposits (CDs) 696724 497528 712763 700884 647350
1.2.2.2 Long-term Time Deposits 12701393 11633325 13061103 13036734 13115653
1.3 ‘Other’ Deposits with RBI 132134 109645 122607 123632 122822
1.4 Call/Term Funding from Financial Institutions 808208 862409 911192 891863 968597
2. Sources          
2.1 Domestic Credit 32920976 29305297 33706845 33683495 34156006
2.1.1 Net Bank Credit to the Government 9369275 8585943 9359609 9400634 9483883
2.1.1.1 Net RBI credit to the Government 2079086 1511706 1872698 1880759 1889267
2.1.1.2 Credit to the Government by the Banking System 7290189 7074237 7486911 7519875 7594616
2.1.2 Bank Credit to the Commercial Sector 23551701 20719354 24347236 24282861 24672123
2.1.2.1 RBI Credit to the Commercial Sector 28247 13069 15097 12028 8459
2.1.2.2 Credit to the Commercial Sector by the Banking System 23523454 20706284 24332139 24270833 24663664
2.1.2.2.1 Other Investments (Non-SLR Securities) 1298267 1255506 1385054 1395893 1405004
2.2 Government’s Currency Liabilities to the Public 40818 38057 42037 42208 42387
2.3 Net Foreign Exchange Assets of the Banking Sector 6529338 5984482 6337444 6395400 6268265
2.3.1 Net Foreign Exchange Assets of the RBI 6360229 5870992 6414276 6642593 6955616
2.3.2 Net Foreign Currency Assets of the Banking System 169109 113490 -76832 -247193 -687352
2.4 Capital Account 5731391 5158501 6111961 6196203 6229304
2.5 Other items (net) 1815591 1297650 1421426 1542808 1502232
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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