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Document - 8. Monetary Survey () or PDF - 8. Monetary Survey ()
8. Monetary Survey
Date : Aug 25, 2026
(₹ Crore)
Item Outstanding as on March 31/last reporting Fortnights of the month/reporting Fortnights
2025-26 2025 2026
Jun. 27 May 31 Jun. 15 Jun. 30
1 2 3 4 5
Monetary Aggregates          
NM1 (1.1+1.2.1+1.3) 8042501 7046725 7807915 7705517 8015840
NM2 (NM1 + 1.2.2.1) 18434549 16446990 18259030 18140579 18607933
NM3 (NM2 +1.2.2.2 + 1.4 = 2.1 + 2.2 + 2.3 – 2.4 – 2.5) 31944151 28786422 31992803 31865892 32393649
1. Components          
1.1 Currency with the Public 4065488 3722652 4217181 4229342 4199665
1.2 Aggregate Deposits of Residents 26938321 24104854 26688166 26545355 27232095
1.2.1 Demand Deposits 3844879 3215375 3463465 3356328 3694110
1.2.2 Time Deposits of Residents 23093442 20889478 23224700 23189027 23537985
1.2.2.1 Short-term Time Deposits 10392049 9400265 10451115 10435062 10592093
1.2.2.1.1 Certificates of Deposits (CDs) 696724 516691 673361 667246 675605
1.2.2.2 Long-term Time Deposits 12701393 11489213 12773585 12753965 12945891
1.3 ‘Other’ Deposits with RBI 132134 108697 127269 119847 122065
1.4 Call/Term Funding from Financial Institutions 808208 850218 960188 971348 839824
2. Sources          
2.1 Domestic Credit 32920976 29047145 33016978 33119344 33488771
2.1.1 Net Bank Credit to the Government 9369275 8520033 9299369 9342692 9337375
2.1.1.1 Net RBI credit to the Government 2079086 1513361 1933637 1944642 1923070
2.1.1.2 Credit to the Government by the Banking System 7290189 7006672 7365732 7398050 7414305
2.1.2 Bank Credit to the Commercial Sector 23551701 20527112 23717609 23776653 24151395
2.1.2.1 RBI Credit to the Commercial Sector 28247 9029 15146 13557 19161
2.1.2.2 Credit to the Commercial Sector by the Banking System 23523454 20518082 23702464 23763096 24132234
2.1.2.2.1 Other Investments (Non-SLR Securities) 1298267 1208102 1317240 1346632 1335273
2.2 Government’s Currency Liabilities to the Public 40818 37652 41332 41511 41670
2.3 Net Foreign Exchange Assets of the Banking Sector 6529338 5954723 6548436 6326991 6237872
2.3.1 Net Foreign Exchange Assets of the RBI 6360229 5840396 6324987 6199262 6135282
2.3.2 Net Foreign Currency Assets of the Banking System 169109 114327 223449 127729 102590
2.4 Capital Account 5731391 5039984 6197551 6065769 6004083
2.5 Other items (net) 1815591 1213113 1416393 1556185 1370582
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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