Document - Money Stock : Components and Sources () or PDF - Money Stock : Components and Sources ()
Date : Jul 10, 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 Jun. 30 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 31453126 31887695 666958 2.1 943867 3.5 434569 1.4 2439351 9.5 3657240 13.0
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 4065488 4199830 -29511 -0.7 91901 2.5 134343 3.3 276598 8.0 477178 12.8
1.2 Demand Deposits with Banks 3844879 3690383 334055 10.0 375353 13.2 -154496 -4.0 469139 17.1 475008 14.8
1.3 Time Deposits with Banks 23410625 23875417 360196 1.5 481222 2.3 464792 2.0 1680684 8.6 2691686 12.7
1.4 ‘Other’ Deposits with Reserve Bank 132134 122065 2218 1.9 -4610 -4.1 -10069 -7.6 12931 13.5 13368 12.3
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 9369275 9336814 -5878 -0.1 9207 0.1 -32461 -0.3 1030547 13.8 816781 9.6
2.1.1 Reserve Bank 2079086 1923070 -21571   5255   -156016   487219   409710  
2.1.2 Other Banks 7290189 7413743 15693 0.2 3952 0.1 123554 1.7 543328 8.4 407071 5.8
2.2 Bank Credit to Commercial Sector 22226641 22784978 391554 1.7 215243 1.1 558337 2.5 1634378 9.3 3501606 18.2
2.2.1 Reserve Bank 28247 19161 5605   -29216   -9086   -1892   10132  
2.2.2 Other Banks 22198394 22765816 385950 1.7 244459 1.3 567423 2.6 1636271 9.3 3491474 18.1
2.3 Net Foreign Exchange Assets of Banking Sector 7126272 6811333 -63980 -0.9 288131 4.7 -314939 -4.4 782938 13.8 374675 5.8
2.4 Government's Currency Liabilities to the Public 40818 41670 159 0.4 1020 2.8 853 2.1 3586 10.5 4019 10.7
2.5 Banking Sector's Net Non-Monetary Liabilities 7309880 7087099 -345102 -4.6 -430266 -6.6 -222780 -3.0 1012098 20.1 1039841 17.2
2.5.1 Net Non-Monetary Liabilities of RBI 3065199 2733197 -60277 -2.2 21217 1.0 -332002 -10.8 536814 32.9 564553 26.0
Note: Data include the impact of merger of a non-bank with a bank w.e.f. July 14, 2023.
^: With respect to June 15, 2026.

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