Document - Money Stock: Components and Sources () or PDF - Money Stock: Components and Sources ()
Date : May 15, 2026
Money Stock : Components and Sources
(₹ Crore)
Item Outstanding as on Variation over
2026 Fortnight^ Financial Year so far Year-on-Year
2025-26 2026-27 2025 2026
Mar. 31* Apr. 30 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 31465906 31159492 232901 0.8 538061 2.0 -306415 -1.0 2360988 9.3 3334841 12.0
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 4067578 4161113 18605 0.4 82490 2.3 93536 2.3 243167 7.0 447872 12.1
1.2 Demand Deposits with Banks 3844879 3450512 78637 2.3 221804 7.8 -394367 -10.3 477899 18.5 388685 12.7
1.3 Time Deposits with Banks 23410625 23428590 135915 0.6 240722 1.2 17965 0.1 1622617 8.4 2485359 11.9
1.4 ‘Other’ Deposits with Reserve Bank 142824 119276 -256 -0.2 -6955 -6.1 -23548 -16.5 17306 19.4 12925 12.2
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 9328637 9488278 -95746 -1.0 161904 1.9 159642 1.7 1008461 13.2 815549 9.4
2.1.1 Reserve Bank 2038448 2233395 -138670   144497   194947   514096   580792  
2.1.2 Other Banks 7290189 7254884 42924 0.6 17407 0.2 -35305 -0.5 494366 7.6 234757 3.3
2.2 Bank Credit to Commercial Sector 22226648 22059623 298709 1.4 25738 0.1 -167025 -0.8 1697723 9.8 2965756 15.5
2.2.1 Reserve Bank 28254 13912 2894   -17484   -14342   9490   -6850  
2.2.2 Other Banks 22198394 22045711 295815 1.4 43222 0.2 -152683 -0.7 1688234 9.7 2972606 15.6
2.3 Net Foreign Exchange Assets of Banking Sector 7109715 7126164 -19406 -0.3 84347 1.4 16449 0.2 702848 12.7 893289 14.3
2.4 Government's Currency Liabilities to the Public 40815 41059 137 0.3 290 0.8 244 0.6 3290 9.8 4136 11.2
2.5 Banking Sector's Net Non-Monetary Liabilities 7239908 7555632 -49208 -0.6 -265782 -4.1 315724 4.4 1051335 20.4 1343890 21.6
2.5.1 Net Non-Monetary Liabilities of RBI 3059856 3153261 18904 0.6 109785 5.1 93404 3.1 487776 27.6 896049 39.7
Note: Data include the impact of merger of a non-bank with a bank w.e.f. July 14, 2023.
^: With respect to April 15, 2026.
*: Data pertaining to Reserve Bank’s balance sheet relate to March 30, 2026 as the balance sheet as on March 31, 2026 will be available only by end-May 2026.

Archives