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7. Sources of Money Stock (M3)
Date : May 22, 2023
(₹ Crore)
Sources Outstanding as on March 31/last reporting Fridays of the month/reporting Fridays
2021-22 2022 2023
Mar. 25 Feb. 24 Mar. 10 Mar. 24
1 2 3 4 5
1 Net Bank Credit to Government 6477629 6204211 6854246 6979996 6916058
1.1 RBI’s net credit to Government (1.1.1–1.1.2) 1450596 1177178 1216525 1291301 1201651
1.1.1 Claims on Government 1490991 1490166 1407652 1396846 1413446
1.1.1.1 Central Government 1489324 1489496 1398137 1396111 1405821
1.1.1.2 State Governments 1667 670 9515 736 7625
1.1.2 Government deposits with RBI 40394 312988 191127 105546 211795
1.1.2.1 Central Government 40352 312946 191085 105503 211752
1.1.2.2 State Governments 42 42 43 43 43
1.2 Other Banks’ Credit to Government 5027033 5027033 5637721 5688696 5714407
2 Bank Credit to Commercial Sector 12616520 12610042 14188368 14293532 14423483
2.1 RBI’s credit to commercial sector 16571 10092 12529 18719 20396
2.2 Other banks’ credit to commercial sector 12599950 12599950 14175838 14274813 14403087
2.2.1 Bank credit by commercial banks 11891314 11891314 13450269 13548593 13675235
2.2.2 Bank credit by co-operative banks 690201 690201 708230 708673 710187
2.2.3 Investments by commercial and co-operative banks in other securities 18435 18435 17340 17546 17665
3 Net Foreign Exchange Assets of Banking Sector (3.1 + 3.2) 4854063 4963083 4731899 4685656 4862273
3.1 RBI’s net foreign exchange assets (3.1.1–3.1.2) 4442479 4551499 4476306 4430063 4606680
3.1.1 Gross foreign assets 4442720 4551740 4476568 4430325 4606942
3.1.2 Foreign liabilities 241 241 262 262 262
3.2 Other banks’ net foreign exchange assets 411583 411583 255593 255593 255593
4 Government’s Currency Liabilities to the Public 28013 28013 30007 30007 30007
5 Banking Sector’s Net Non-monetary Liabilities 3482496 3315752 3702101 3765470 3898594
5.1 Net non-monetary liabilities of RBI 1308500 1346960 1496402 1450510 1612360
5.2 Net non-monetary liabilities of other banks (residual) 2173996 1968792 2205699 2314960 2286234
M3 (1+2+3+4–5) 20493729 20489597 22102418 22223721 22333227
Note: 3.1: Include foreign currency denominated bonds issued by IIFC (UK).

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