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7. Sources of Money Stock (M3)
Date : Jan 21, 2021
(₹ Crore)
Sources Outstanding as on March 31/last reporting Fridays of the month/reporting Fridays
2019-20 2019 2020
Nov. 22 Oct. 23 Nov. 6 Nov. 20
1 2 3 4 5
1 Net Bank Credit to Government 4960362 4890841 5587218 5716069 5691514
1.1 RBI’s net credit to Government (1.1.1–1.1.2) 992192 965438 905454 996346 1023947
1.1.1 Claims on Government 1047808 1001006 1248802 1291718 1293290
1.1.1.1 Central Government 1045314 1000408 1242339 1282681 1282559
1.1.1.2 State Governments 2494 598 6463 9037 10731
1.1.2 Government deposits with RBI 55616 35568 343348 295372 269343
1.1.2.1 Central Government 55573 35526 343305 295330 269301
1.1.2.2 State Governments 43 42 43 42 42
1.2 Other Banks’ Credit to Government 3968170 3925403 4681764 4719723 4667567
2 Bank Credit to Commercial Sector 11038644 10468270 10999620 11079549 11092385
2.1 RBI’s credit to commercial sector 13166 7144 14792 14934 12173
2.2 Other banks’ credit to commercial sector 11025478 10461126 10984828 11064615 11080212
2.2.1 Bank credit by commercial banks 10370861 9860303 10338868 10419271 10434880
2.2.2 Bank credit by co-operative banks 637776 588692 636209 635748 635516
2.2.3 Investments by commercial and co-operative banks in other securities 16842 12132 9750 9597 9815
3 Net Foreign Exchange Assets of Banking Sector (3.1 + 3.2) 3801036 3425222 4365595 4447921 4493779
3.1 RBI’s net foreign exchange assets (3.1.1–3.1.2) 3590402 3207225 4120941 4203267 4249125
3.1.1 Gross foreign assets 3590636 3207434 4121184 4203510 4249368
3.1.2 Foreign liabilities 234 209 243 243 243
3.2 Other banks’ net foreign exchange assets 210634 217997 244655 244655 244655
4 Government’s Currency Liabilities to the Public 26348 26123 26481 26541 26541
5 Banking Sector’s Net Non-monetary Liabilities 3026427 2864707 3175175 3335226 3366279
5.1 Net non-monetary liabilities of RBI 1378342 1137091 1412121 1471603 1464944
5.2 Net non-monetary liabilities of other banks (residual) 1648085 1727616 1763054 1863623 1901335
M3 (1+2+3+4–5) 16799963 15945749 17803739 17934854 17937939
Note: 3.1: Include foreign currency denominated bonds issued by IIFC (UK).

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