Document - Money Stock : Components and Sources () or PDF - Money Stock : Components and Sources ()
Date : Oct 09, 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 Sep. 30 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 31453126 33766475 699030 2.1 1608621 5.9 2313350 7.4 2526537 9.6 4871266 16.9
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 4065488 4207251 -2920 -0.1 67741 1.9 141763 3.5 313085 9.2 508759 13.8
1.2 Demand Deposits with Banks 3844879 3890599 399124 11.4 377011 13.3 45719 1.2 481361 17.6 673565 20.9
1.3 Time Deposits with Banks 23410625 25541542 299110 1.2 1163323 5.6 2130917 9.1 1714097 8.5 3675711 16.8
1.4 ‘Other’ Deposits with Reserve Bank 132134 127084 3716 3.0 546 0.5 -5050 -3.8 17994 18.8 13231 11.6
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 9369275 9415530 -135727 -1.4 223341 2.6 46255 0.5 843957 10.7 681364 7.8
2.1.1 Reserve Bank 2079086 1614152 -261820   30409   -464934   410538   75638  
2.1.2 Other Banks 7290189 7801378 126093 1.6 192933 2.8 511190 7.0 433418 6.4 605726 8.4
2.2 Bank Credit to Commercial Sector 22226641 23849938 602007 2.6 1000093 5.2 1623297 7.3 2004432 11.1 3781717 18.8
2.2.1 Reserve Bank 28247 6231 529   -25632   -22016   3898   -6383  
2.2.2 Other Banks 22198394 23843707 601478 2.6 1025725 5.4 1645314 7.4 2000534 11.1 3788099 18.9
2.3 Net Foreign Exchange Assets of Banking Sector 7126272 7627694 -339409 -4.3 474199 7.7 501422 7.0 529373 8.7 1004968 15.2
2.4 Government's Currency Liabilities to the Public 40818 42748 187 0.4 2232 6.1 1930 4.7 4031 11.6 3885 10.0
2.5 Banking Sector's Net Non-Monetary Liabilities 7309880 7169435 -571973 -7.4 91244 1.4 -140445 -1.9 855255 15.0 600667 9.1
2.5.1 Net Non-Monetary Liabilities of RBI 3065199 2764197 -108977 -3.8 421774 19.6 -301002 -9.8 593152 30.0 194997 7.6
Note: Data include the impact of merger of a non-bank with a bank w.e.f. July 14, 2023.
^: With respect to September 15, 2026.

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