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Document - 7. Sources of Money Stock (M3) () or PDF - 7. Sources of Money Stock (M3) ()
7. Sources of Money Stock (M3)
Date : Oct 20, 2025
(₹ Crore)
Sources Outstanding as on March 31/last reporting Fridays of the month/reporting Fridays
2024-25 2024 2025
Aug. 23 Jul. 25 Aug. 08 Aug. 22
1 2 3 4 5
1 Net Bank Credit to Government 8510825 7694769 8541317 8681282 8585943
1.1 RBI’s net credit to Government (1.1.1–1.1.2) 1508105 1025545 1502150 1615236 1511706
1.1.1 Claims on Government 1591591 1343455 1810116 1822625 1795840
1.1.1.1 Central Government 1558903 1316653 1786091 1779833 1768377
1.1.1.2 State Governments 32688 26802 24026 42792 27463
1.1.2 Government deposits with RBI 83485 317910 307966 207388 284134
1.1.2.1 Central Government 83443 317868 307924 207346 284091
1.1.2.2 State Governments 42 42 43 42 43
1.2 Other Banks’ Credit to Government 7002720 6669224 7039167 7066046 7074237
2 Bank Credit to Commercial Sector 19068129 17709792 19300981 19407618 19449509
2.1 RBI’s credit to commercial sector 38246 10307 12383 12425 13069
2.2 Other banks’ credit to commercial sector 19029883 17699485 19288597 19395194 19436439
2.2.1 Bank credit by commercial banks 18243972 16945309 18501377 18606167 18646842
2.2.2 Bank credit by co-operative banks 766659 735395 767165 768946 769722
2.2.3 Investments by commercial and co-operative banks in other securities 19252 18781 20056 20081 19876
3 Net Foreign Exchange Assets of Banking Sector (3.1 + 3.2) 6148527 5930301 6467260 6503298 6468572
3.1 RBIs net foreign exchange assets (3.1.1 - 3.1.2) 5550947 5563594 5869680 5905718 5870992
3.1.1 Gross foreign assets 5550956 5563586 5869677 5905712 5870987
3.1.2 Foreign liabilities 9 -8 -3 -6 -5
3.2 Other banks’ net foreign exchange assets 597580 366707 597580 597580 597580
4 Government’s Currency Liabilities to the Public 36632 34306 38057 38057 38057
5 Banking Sector’s Net Non-monetary Liabilities 6477524 5586120 6207741 6341544 6233580
5.1 Net non-monetary liabilities of RBI 2147427 1893229 2235868 2333098 2288911
5.2 Net non-monetary liabilities of other banks (residual) 4330098 3692891 3971873 4008446 3944669
M₃(1+2+3+4–5) 27286589 25783048 28139873 28288712 28308502
Note: 3.1: Include foreign currency denominated bonds issued by IIFC (UK).

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