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Document - 8. Monetary Survey () or PDF - 8. Monetary Survey ()
8. Monetary Survey
Date : Jan 21, 2026
(₹ Crore)
Item Outstanding as on March 31/last reporting Fortnights of the month/reporting Fortnights
2024-25 2024 2025
Nov. 29 Oct. 31 Nov. 14 Nov. 28
1 2 3 4 5
Monetary Aggregates          
NM1 (1.1+1.2.1+1.3) 6584081 6265846 7081529 7002359 7048159
NM2 (NM1 + 1.2.2.1) 15768688 15254479 16803647 16736434 16845174
NM3 (NM2 +1.2.2.2 + 1.4 = 2.1 + 2.2 + 2.3 – 2.4 – 2.5) 27909568 27191610 29532475 29468621 29698502
1 Components          
1.1 Currency with the Public 3630751 3444217 3720545 3751591 3772033
1.2 Aggregate Deposits of Residents 23250261 22693377 24850520 24768450 24929376
1.2.1 Demand Deposits 2840023 2718636 3245815 3137173 3158233
1.2.2 Time Deposits of Residents 20410239 19974741 21604705 21631277 21771143
1.2.2.1 Short-term Time Deposits 9184607 8988633 9722117 9734075 9797014
1.2.2.1.1 Certificates of Deposits (CDs) 527375 493598 470625 535617 576412
1.2.2.2 Long-term Time Deposits 11225631 10986107 11882588 11897203 11974129
1.3 'Other' Deposits with RBI 113307 102993 115169 113595 117894
1.4 Call/Term Funding from Financial Institutions 915248 951023 846241 834984 879199
2 Sources          
2.1 Domestic Credit 28800727 27566453 30218786 30244967 30478174
2.1.1 Net Bank Credit to the Government 8510825 8086637 8739870 8787412 8849635
2.1.1.1 Net RBI credit to the Government 1508105 1242346 1529911 1633175 1644157
2.1.1.2 Credit to the Government by the Banking System 7002720 6844291 7209958 7154237 7205477
2.1.2 Bank Credit to the Commercial Sector 20289901 19479816 21478916 21457555 21628539
2.1.2.1 RBI Credit to the Commercial Sector 38246 10463 13603 10230 11701
2.1.2.2 Credit to the Commercial Sector by the Banking System 20251656 19469353 21465313 21447325 21616838
2.1.2.2.1 Other Investments (Non-SLR Securities) 1208294 1177017 1257601 1264802 1271838
2.2 Government's Currency Liabilities to the Public 36632 35419 39231 39231 39555
2.3 Net Foreign Exchange Assets of the Banking Sector 5605462 5289498 6054269 6094010 6099038
2.3.1 Net Foreign Exchange Assets of the RBI 5550947 5409159 5945483 5967956 5957943
2.3.2 Net Foreign Currency Assets of the Banking System 54514 -119661 108786 126054 141095
2.4 Capital Account 4481192 4401596 5349171 5384510 5405272
2.5 Other items (net) 2052060 1298165 1430640 1525077 1512992
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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