RBI Bulletin


Search Archives
Section

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 : Feb 20, 2026
(₹ Crore)
Sources Outstanding as on March 31/last reporting Fortnights of the month/reporting Fortnights
2024-25 2024 2025
Dec. 27 Nov. 28 Dec. 15 Dec. 31
1 2 3 4 5
1 Net Bank Credit to Government 8510825 7901119 8849635 8814395 8750686
1.1 RBI’s net credit to Government (1.1.1–1.1.2) 1508105 1000891 1644157 1612903 1545561
1.1.1 Claims on Government 1591591 1276034 1751645 1806900 1898852
1.1.1.1 Central Government 1558903 1254193 1732679 1778025 1882558
1.1.1.2 State Governments 32688 21841 18966 28875 16294
1.1.2 Government deposits with RBI 83485 275143 107488 193996 353291
1.1.2.1 Central Government 83443 275101 107445 193954 353248
1.1.2.2 State Governments 42 42 42 42 42
1.2 Other Banks’ Credit to Government 7002720 6900228 7205477 7201492 7205125
2 Bank Credit to Commercial Sector 19068129 18529356 20338419 20506634 21144789
2.1 RBI’s credit to commercial sector 38246 10519 11701 11439 20322
2.2 Other banks’ credit to commercial sector 19029883 18518837 20326717 20495194 21124468
2.2.1 Bank credit by commercial banks 18243972 17743037 19529443 19694564 20320788
2.2.2 Bank credit by co-operative banks 766659 757258 776466 779863 782433
2.2.3 Investments by commercial and co-operative banks in other securities 19252 18541 20808 20767 21247
3 Net Foreign Exchange Assets of Banking Sector (3.1 + 3.2) 6148527 5801239 6544991 6688751 6585472
3.1 RBIs net foreign exchange assets (3.1.1 - 3.1.2) 5550947 5324382 5957943 6101703 5998424
3.1.1 Gross foreign assets 5550956 5324384 5957940 6101694 5998425
3.1.2 Foreign liabilities 9 2 -3 -9 0
3.2 Other banks’ net foreign exchange assets 597580 476857 587048 587048 587048
4 Government’s Currency Liabilities to the Public 36632 35683 39555 39721 39895
5 Banking Sector’s Net Non-monetary Liabilities 6477524 5687933 6635886 6991160 6722299
5.1 Net non-monetary liabilities of RBI 2147427 1891177 2654752 2810781 2769495
5.2 Net non-monetary liabilities of other banks (residual) 4330098 3796756 3981134 4180379 3952804
M3(1+2+3+4–5) 27286589 26579464 29136713 29058340 29798544
Note: 3.1: Include foreign currency denominated bonds issued by IIFC (UK).

Archives

Top
Back to previous page