Document - Money Stock : Components and Sources () or PDF - Money Stock : Components and Sources ()
Date : Aug 21, 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 Jul. 31 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 31453126 32281302 638771 2.0 853284 3.1 828176 2.6 2466361 9.6 4141428 14.7
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 4065488 4185446 -26562 -0.6 76706 2.1 119958 3.0 281369 8.2 477988 12.9
1.2 Demand Deposits with Banks 3844879 3585981 241281 7.2 178643 6.3 -258898 -6.7 431253 16.7 567315 18.8
1.3 Time Deposits with Banks 23410625 24387268 422618 1.8 603599 2.9 976643 4.2 1737322 8.9 3081161 14.5
1.4 ‘Other’ Deposits with Reserve Bank 132134 122607 1434 1.2 -5664 -5.0 -9527 -7.2 16418 18.0 14965 13.9
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 9369275 9359609 14004 0.1 30491 0.4 -9666 -0.1 863104 11.2 818293 9.6
2.1.1 Reserve Bank 2079086 1872698 -8516   -5955   -206388   441240   370548  
2.1.2 Other Banks 7290189 7486911 22520 0.3 36447 0.5 196722 2.7 421864 6.4 447744 6.4
2.2 Bank Credit to Commercial Sector 22226641 22933415 348607 1.5 232852 1.2 706775 3.2 1723163 9.8 3632435 18.8
2.2.1 Reserve Bank 28247 15097 2895   -25862   -13150   1448   2714  
2.2.2 Other Banks 22198394 22918318 345712 1.5 258714 1.4 719925 3.2 1721715 9.8 3629721 18.8
2.3 Net Foreign Exchange Assets of Banking Sector 7126272 7189302 121108 1.7 317414 5.2 63029 0.9 665188 11.5 723360 11.2
2.4 Government's Currency Liabilities to the Public 40818 42037 197 0.5 1426 3.9 1220 3.0 3751 10.9 3980 10.5
2.5 Banking Sector's Net Non-Monetary Liabilities 7309880 7243062 -154854 -2.1 -271101 -4.2 -66818 -0.9 788846 14.6 1036639 16.7
2.5.1 Net Non-Monetary Liabilities of RBI 3065199 2828295 -27088 -0.9 88441 4.1 -236904 -7.7 517228 30.1 592427 26.5
Note: Data include the impact of merger of a non-bank with a bank w.e.f. July 14, 2023.
^: With respect to July 15, 2026.

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