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Date : Apr 12, 2024
Money Stock : Components and Sources
(₹ Crore)
Item Outstanding as on Variation over
2023 2024 Fortnight Financial Year so far Year-on-Year
2022-23 2023-24 2023 2024
Mar. 31 Mar. 22 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 22343760 24830318 93316 0.4 1839498 9.0 2486558 11.1 1843630 9.0 2497092 11.2
    (24938561) (91064) (0.4)     (2594801) (11.6)     (2605334) (11.7)
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 3276436 3418663 36071 1.1 242645 8.0 142227 4.3 240712 7.9 140329 4.3
1.2 Demand Deposits with Banks 2320598 2586892 67742 2.7 107606 4.9 266295 11.5 107606 4.9 266295 11.5
1.3 Time Deposits with Banks 16668966 18739941 -11767 -0.1 1482361 9.8 2070976 12.4 1482361 9.8 2070976 12.4
    (18848184) (-14019) (-0.1)     (2179218) (13.1)     (2179218) (13.1)
1.4 ‘Other’ Deposits with Reserve Bank 77761 84822 1270 1.5 6886 11.8 7061 9.1 12951 24.7 19492 29.8
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 7165533 7312318 -137736 -1.8 438429 6.8 146786 2.0 711847 11.5 396260 5.7
    (7403874) (-137896) (-1.8)     (238341) (3.3)     (487816) (7.1)
2.1.1 Reserve Bank 1451126 994394 -139878   -248946   -456731   24472   -207257  
2.1.2 Other Banks 5714407 6317924 2141 0.0 687374 13.7 603517 10.6 687374 13.7 603517 10.6
    (6409479) (1982) (0.0)     (695072) (12.2)     (695072) (12.2)
2.2 Bank Credit to Commercial Sector 14429636 16672109 130524 0.8 1806963 14.3 2242473 15.5 1813441 14.4 2248626 15.6
    (17202795) (129280) (0.8)     (2773159) (19.2)     (2779312) (19.3)
2.2.1 Reserve Bank 26549 11871 471   3826   -14678   10304   -8525  
2.2.2 Other Banks 14403087 16660237 130053 0.8 1803137 14.3 2257150 15.7 1803137 14.3 2257150 15.7
    (17190924) (128809) (0.8)     (2787837) (19.4)     (2787837) (19.4)
2.3 Net Foreign Exchange Assets of Banking Sector 4911766 5484515 92662 1.7 77028 1.6 572750 11.7 -31992 -0.6 553425 11.2
2.4 Government's Currency Liabilities to the Public 30285 33198 0 0 1994 7.1 2912 9.6 1994 7.1 3191 10.6
2.5 Banking Sector's Net Non-Monetary Liabilities 4193459 4671822 -7866 -0.2 484915 13.9 478362 11.4 651660 19.7 704410 17.8
    (5185821) (-7019) (-0.1)     (992362) (23.7)     (1218410) (30.7)
2.5.1 Net Non-Monetary Liabilities of RBI 1587565 1774674 18344 1.0 303860 23.2 187109 11.8 265400 19.7 162314 10.1
Note: Figures in parentheses include the impact of merger of a non-bank with a bank.
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