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Document - 8. Monetary Survey () or PDF - 8. Monetary Survey ()
8. Monetary Survey
Date : Dec 22, 2025
(₹ Crore)
Item Outstanding as on March 31/last reporting Fortnights of the month/reporting Fortnights
2024-25 2024 2025
Oct. 18 Oct. 03 Oct. 17 Oct. 31
1 2 3 4 5
Monetary Aggregates          
NM1 (1.1+1.2.1+1.3) 6584081 6201510 7028920 6962914 7081529
NM2 (NM1 + 1.2.2.1) 15768688 15117666 16730466 16613637 16803647
NM3 (NM2 +1.2.2.2 + 1.4 = 2.1 + 2.2 + 2.3 – 2.4 – 2.5) 27909568 26880587 29443842 29269762 29532475
1 Components          
1.1 Currency with the Public 3630751 3415233 3698492 3729092 3720545
1.2 Aggregate Deposits of Residents 23250261 22501665 24775567 24564962 24850520
1.2.1 Demand Deposits 2840023 2687986 3216575 3118912 3245815
1.2.2 Time Deposits of Residents 20410239 19813679 21558992 21446050 21604705
1.2.2.1 Short-term Time Deposits 9184607 8916155 9701546 9650722 9722117
1.2.2.1.1 Certificates of Deposits (CDs) 527375 1138455 503933 508803 470625
1.2.2.2 Long-term Time Deposits 11225631 10897523 11857446 11795327 11882588
1.3 'Other' Deposits with RBI 113307 98292 113853 114910 115169
1.4 Call/Term Funding from Financial Institutions 915248 865397 855930 860798 846241
2 Sources          
2.1 Domestic Credit 28802443 27114284 30048946 29999579 30220503
2.1.1 Net Bank Credit to the Government 8510825 7925482 8734167 8693936 8739870
2.1.1.1 Net RBI credit to the Government 1508105 1132433 1538514 1491026 1529911
2.1.1.2 Credit to the Government by the Banking System 7002720 6793050 7195653 7202910 7209958
2.1.2 Bank Credit to the Commercial Sector 20291618 19188801 21314780 21305643 21480633
2.1.2.1 RBI Credit to the Commercial Sector 38246 9175 12613 14936 13603
2.1.2.2 Credit to the Commercial Sector by the Banking System 20253372 19179626 21302166 21290707 21467030
2.1.2.2.1 Other Investments ( Non-SLR Securities) 1208294 1171485 1228317 1265649 1257601
2.2 Government's Currency Liabilities to the Public 36632 34833 38864 38864 39231
2.3 Net Foreign Exchange Assets of the Banking Sector 5605462 5495204 6185610 6066521 6054269
2.3.1 Net Foreign Exchange Assets of the RBI 5550947 5630470 6035678 6002562 5945483
2.3.2 Net Foreign Currency Assets of the Banking System 54514 -135266 149932 63959 108786
2.4 Capital Account 4481192 4450085 5375020 5383253 5349171
2.5 Other items (net) 2053777 1313649 1454558 1451948 1432356
Note: NM2 and NM3 do not include FCNR (B) deposits.
2.4: Consist of paid-up capital and reserves.
2.5: includes other demand and time liabilities of the banking system.

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