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Date : Jul 31, 2026

Table 166 : Sources of Money Stock

(₹ Crore) Year/ Month Net RBI Credit to Central Government Net RBI Credit to State Governments Other Banks Investments in Government Securities Net Bank Credit to Government (2+3+4) RBI Credit to Commercial Sector Other Banks’ Credit to Commercial Sector Bank Credit to Commercial Sector (6+7) 1 2 3 4 5 6 7 8 2022-23               April 1341106 2656 5067829 6411591 10647 12672314 12682961 May 1187863 8461 5068228 6264553 15275 12754452 12769727 June 1073979 7826 5181254 6263059 29081 12862953 12892034 July 1092483 6041 5310141 6408664 34706 13082081 13116787 August 1098716 4768 5367829 6471313 32969 13173665 13206634 September 1054074 6473 5377124 6437672 29638 13346144 13375783 October 1086498 5049 5353056 6444604 18954 13601482 13620436 November 1220407 5641 5386715 6612762 14661 13664706 13679367 December 1165846 4408 5395219 6565472 19852 14027024 14046877 January 1146027 16702 5494636 6657365 11223 14061234 14072457 February 1207052 9472 5637721 6854246 12529 14175838 14188368 March 1450376 749 5714407 7165533 26549 14403087 14429636 2023-24               April 1416995 3104 5745447 7165547 21792 14589789 14611581 May 1271916 12151 5851870 7135938 5863 14627209 14633072 June 1210459 9793 5970090 7190341 5383 15118021 15123403 July 1183219 13866 6140360 7337446 5144 15520742 15525886 August 1168819 16427 6202028 7387274 5186 15649468 15654654 September 997136 13437 6282093 7292667 5118 15877350 15882467 October 998389 20185 6356807 7375380 5245 16187959 16193204 November 1085027 17295 6373052 7475375 5240 16356804 16362044 December 977122 2537 6292959 7272617 5080 16704608 16709688 January 921591 12768 6275829 7210188 5237 16787986 16793224 February 950229 14767 6350471 7315467 11121 16959856 16970977 March 1186655 6557 6410358 7603571 14406 17188426 17202832 2024-25               April 1204176 17454 6454717 7676346 10804 17239405 17250209 May 955355 10681 6488870 7454906 11372 17535948 17547319 June 1018898 7244 6463344 7489485 10922 17638071 17648993 July 1039713 21197 6617302 7678213 10935 17566883 17577818 August 998785 26760 6669224 7694769 10307 17699485 17709792 September 894708 26404 6705043 7626155 10589 17878775 17889364 October 1109078 23355 6793050 7925482 9175 17996094 18005269 November 1225923 16423 6844291 8086637 10463 18280818 18291281 December 979092 21798 6900228 7901119 10519 18518837 18529356 January 1027441 20452 6940509 7988402 22760 18649246 18672006 February 1171321 22069 6957160 8150550 28593 18772993 18801586 March 1475460 32646 7002720 8510825 38246 19029883 19068129 2025-26               April 1589760 36749 6997358 8623867 19280 18976741 18996021 May 1451876 27439 7013836 8493151 14393 19074626 19089019 June 1493338 20023 7006672 8520033 9029 19274342 19283371 July 1478167 23983 7039167 8541317 12383 19288597 19300981 August 1484286 27420 7074237 8585943 13069 19436439 19449509 September 1292093 32403 7165814 8490309 15669 19693906 19709575 October 1509938 19974 7209958 8739870 13603 20190146 20203749 November 1625234 18924 7205477 8849635 11701 20326717 20338419 December 1529310 16251 7205125 8750686 20322 21127234 21147556 January 1792273 14452 7137313 8944038 17876 21294703 21312579 February 1903442 9743 7277752 9190938 11593 21574109 21585702 March 2046623 32463 7290189 9369275 28247 22198394 22226641 2026-27               April 2218585 14810 7254819 9488213 13912 22044580 22058492 May 1919745 13892 7365732 9299369 15146 22349458 22364603 (Continued) TABLE 166 : SOURCES OF MONEY STOCK (Concld.) (₹ Crore) Year/ Month Net Foreign Exchange Assets of the RBI Net Foreign Exchange Assets of Other Banks Net Foreign Exchange Assets of the Banking Sector (9+10) Government’s Currency Liabilities to Public Net Non-monetary Liabilities of RBI Net Non-monetary Liabilities of Other Banks Net Non-Monetary Liabilities of Banking Sector (13+14) RBI’s Net Claims on Banks 1 9 10 11 12 13 14 15 16 2022-23                 April 4436943 411583 4848527 28013 1265895 1993148 3259044 -551158 May 4483672 411583 4895256 28160 1253279 2022109 3275388 -326824 June 4458205 255593 4713798 28293 1212795 2020572 3233367 -247364 July 4393678 255593 4649270 28611 1333127 1837858 3170985 -88389 August 4323902 255593 4579494 28791 1309669 1925141 3234810 -119896 September 4196976 255593 4452569 28791 1226760 1995159 3221918 -37025 October 4179368 255593 4434961 29003 1243837 1983218 3227055 63728 November 4316459 255593 4572052 29212 1381794 2111678 3493472 -45520 December 4491094 257951 4749045 29600 1495047 2036712 3531759 -20391 January 4537273 257951 4795224 29791 1531718 2128085 3659803 17261 February 4476563 257951 4734514 30007 1496659 2217144 3713803 11593 March 4587615 324410 4912025 30285 1587824 2605895 4193719 -120992 2023-24                 April 4629323 324410 4953733 30285 1614722 2463225 4077947 -65486 May 4738818 324410 5063229 30482 1553549 2542361 4095910 -45754 June 4717501 242825 4960325 30925 1482052 2398194 3880246 -121683 July 4799963 242825 5042787 31148 1544152 2983160 4527312 -133864 August 4751431 242825 4994256 31400 1510631 3084248 4594878 -7067 September 4735309 360680 5095989 31400 1507782 3290443 4798225 121303 October 4686387 360680 5047068 31649 1473135 3434232 4907368 86791 November 4813483 360680 5174164 31939 1608939 3499604 5108543 59123 December 5038372 299557 5337929 32596 1793210 3182344 4975553 182830 January 4975898 299557 5275455 32887 1721382 3172560 4893943 266820 February 4985065 299557 5284622 33198 1699563 3297801 4997364 216502 March 5241083 326421 5567504 33432 1790134 3677343 5467477 -60553 2024-25                 April 5194340 326421 5520761 33432 1752989 3467801 5220790 -47122 May 5289318 326421 5615739 33858 1610515 3431213 5041729 -13394 June 5287013 366707 5653720 34065 1631829 3403331 5035160 -31176 July 5434047 366707 5800754 34306 1718640 3698937 5417577 -154094 August 5563594 366707 5930301 34306 1893229 3692891 5586120 -112164 September 5629250 362398 5991648 34594 1957330 3630108 5587438 -34618 October 5630470 362398 5992868 34833 1926618 3742552 5669170 -215806 November 5409159 362398 5771557 35419 1901446 3766057 5667504 -58011 December 5324382 476857 5801239 35683 1891177 3796756 5687933 182792 January 5272023 476857 5748880 35683 1986997 3764975 5751972 261325 February 5396630 476857 5873487 36017 2108450 3839850 5948300 166048 March 5550947 597580 6148527 36632 2147427 4330098 6477524 -157261 2025-26                 April 5692537 597580 6290117 36632 2308158 4007791 6315949 -205693 May 5753296 597580 6350876 37291 2099222 3881177 5980400 -222572 June 5840396 596262 6436658 37652 2168644 3878614 6047258 -307728 July 5869680 596262 6465942 38057 2235868 3970555 6206423 -298063 August 5870992 596262 6467254 38057 2288911 3943472 6232383 -229852 September 6010871 587048 6597919 38438 2463314 4022707 6486021 -66788 October 5945483 587048 6532531 39231 2559728 3958146 6517874 -134649 November 5957943 587048 6544991 39555 2654752 3981690 6636442 -184186 December 5998424 700437 6698861 39895 2769495 4068951 6838446 -35572 January 6356081 700437 7056518 40222 3097683 4350118 7447802 -200030 February 6439901 700437 7140338 40537 3122568 4534420 7656987 -293271 March 6360229 766043 7126272 40818 3065199 4244681 7309880 -335350 2026-27                 April 6360121 734344 7094465 41059 3153261 4364992 7518252 -269810 May 6324987 806695 7131682 41332 2889624 4585313 7474936 -152509 Note : See Notes on Tables..