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Document - 7. Sources of Money Stock (M<sub>3</sub>) () or PDF - 7. Sources of Money Stock (M<sub>3</sub>) ()
7. Sources of Money Stock (M3)
Date : Sep 24, 2025
(₹ Crore)
Sources Outstanding as on March 31/last reporting Fridays of the month/reporting Fridays
2024-25 2024 2025
Jul. 26 Jun. 27 Jul. 11 Jul. 25
1 2 3 4 5
1 Net Bank Credit to Government 8510825 7678213 8520033 8614205 8541317
1.1 RBI’s net credit to Government (1.1.1–1.1.2) 1508105 1060910 1513361 1586327 1502150
1.1.1 Claims on Government 1591591 1341836 1806229 1808369 1810116
1.1.1.1 Central Government 1558903 1320596 1786164 1787938 1786091
1.1.1.2 State Governments 32688 21239 20066 20431 24026
1.1.2 Government deposits with RBI 83485 280926 292869 222042 307966
1.1.2.1 Central Government 83443 280883 292826 221999 307924
1.1.2.2 State Governments 42 42 42 42 43
1.2 Other Banks’ Credit to Government 7002720 6617302 7006672 7027878 7039167
2 Bank Credit to Commercial Sector 19068129 17577818 19283371 19266495 19300981
2.1 RBI’s credit to commercial sector 38246 10935 9029 7965 12383
2.2 Other banks’ credit to commercial sector 19029883 17566883 19274342 19258530 19288597
2.2.1 Bank credit by commercial banks 18243972 16813935 18486200 18469893 18501377
2.2.2 Bank credit by co-operative banks 766659 733892 769075 767978 767165
2.2.3 Investments by commercial and co-operative banks in other securities 19252 19056 19067 20660 20056
3 Net Foreign Exchange Assets of Banking Sector (3.1 + 3.2) 6148527 5800754 6437976 6406286 6467260
3.1 RBIs net foreign exchange assets (3.1.1 - 3.1.2) 5550947 5434047 5840396 5808706 5869680
3.1.1 Gross foreign assets 5550956 5434044 5840398 5808708 5869677
3.1.2 Foreign liabilities 9 -2 2 2 -3
3.2 Other banks’ net foreign exchange assets 597580 366707 597580 597580 597580
4 Government’s Currency Liabilities to the Public 36632 34306 37652 37652 38057
5 Banking Sector’s Net Non-monetary Liabilities 6477524 5417577 6048576 6183381 6207741
5.1 Net non-monetary liabilities of RBI 2147427 1718640 2168644 2176784 2235868
5.2 Net non-monetary liabilities of other banks (residual) 4330098 3698937 3879932 4006598 3971873
M3(1+2+3+4–5) 27286589 25673513 28230456 28141256 28139873
Note: 3.1: Include foreign currency denominated bonds issued by IIFC (UK).

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