Document - Money Stock: Components and Sources () or PDF - Money Stock: Components and Sources ()
Date : Aug 28, 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 Aug. 15 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 31453126 32294503 16690 0.1 1002119 3.7 841377 2.7 2479106 9.6 4005795 14.2
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 4065488 4207115 21670 0.5 96807 2.7 141627 3.5 302223 8.8 479556 12.9
1.2 Demand Deposits with Banks 3844879 3456330 -129903 -3.6 150085 5.3 -388549 -10.1 432362 16.9 466222 15.6
1.3 Time Deposits with Banks 23410625 24507426 123899 0.5 758811 3.7 1096801 4.7 1727501 8.8 3046106 14.2
1.4 ‘Other’ Deposits with Reserve Bank 132134 123632 1025 0.8 -3585 -3.2 -8502 -6.4 17020 18.4 13910 12.7
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 9369275 9400786 41177 0.4 170457 2.0 31511 0.3 941374 12.2 719504 8.3
2.1.1 Reserve Bank 2079086 1880759 8061   107131   -198327   507485   265523  
2.1.2 Other Banks 7290189 7520027 33116 0.4 63326 0.9 229838 3.2 433889 6.5 453981 6.4
2.2 Bank Credit to Commercial Sector 22226641 22860557 -73167 -0.3 339490 1.8 633917 2.9 1763551 10.0 3452939 17.8
2.2.1 Reserve Bank 28247 12028 -3069   -25821   -16219   1985   -397  
2.2.2 Other Banks 22198394 22848529 -70098 -0.3 365311 1.9 650136 2.9 1761566 10.0 3453336 17.8
2.3 Net Foreign Exchange Assets of Banking Sector 7126272 7452943 170640 2.3 353453 5.7 326670 4.6 664452 11.4 950963 14.6
2.4 Government's Currency Liabilities to the Public 40818 42208 171 0.4 1426 3.9 1390 3.4 3751 10.9 4151 10.9
2.5 Banking Sector's Net Non-Monetary Liabilities 7309880 7461991 122131 1.7 -137295 -2.1 152111 2.1 894022 16.4 1121761 17.7
2.5.1 Net Non-Monetary Liabilities of RBI 3065199 2931853 103558 3.7 185672 8.6 -133346 -4.4 516780 28.5 598755 25.7
Note: Data include the impact of merger of a non-bank with a bank w.e.f. July 14, 2023.
^: With respect to July 31, 2026.

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