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Document - 8. Monetary Survey () or PDF - 8. Monetary Survey ()
8. Monetary Survey
Date : Jul 22, 2026
(₹ Crore)
Item Outstanding as on March 31/last reporting Fortnights of the month/reporting Fortnights
2025-26 2025 2026
May 30 Apr. 30 May 15 May 31
1 2 3 4 5
Monetary Aggregates          
NM1 (1.1+1.2.1+1.3) 8042501 6978559 7735200 7635142 7807915
NM2 (NM1 + 1.2.2.1) 18434549 16302843 18130641 18010773 18259030
NM3 (NM2 +1.2.2.2 + 1.4 = 2.1 + 2.2 + 2.3 – 2.4 – 2.5) 31944151 28594917 31793410 31684049 31992803
1. Components          
1.1 Currency with the Public 4065488 3736896 4161114 4200272 4217181
1.2 Aggregate Deposits of Residents 26938321 23852161 26555791 26372222 26688166
1.2.1 Demand Deposits 3844879 3131530 3454810 3315263 3463465
1.2.2 Time Deposits of Residents 23093442 20720631 23100981 23056959 23224700
1.2.2.1 Short-term Time Deposits 10392049 9324284 10395441 10375631 10451115
1.2.2.1.1 Certificates of Deposits (CDs) 696724 516544 694162 657904 673361
1.2.2.2 Long-term Time Deposits 12701393 11396347 12705539 12681327 12773585
1.3 ‘Other’ Deposits with RBI 132134 110133 119276 119606 127269
1.4 Call/Term Funding from Financial Institutions 808208 895727 957229 991949 960188
2. Sources          
2.1 Domestic Credit 32920976 28862774 32936415 32952350 33016978
2.1.1 Net Bank Credit to the Government 9369275 8493151 9488213 9549273 9299369
2.1.1.1 Net RBI credit to the Government 2079086 1479315 2233395 2249358 1933637
2.1.1.2 Credit to the Government by the Banking System 7290189 7013836 7254819 7299915 7365732
2.1.2 Bank Credit to the Commercial Sector 23551701 20369623 23448202 23403077 23717609
2.1.2.1 RBI Credit to the Commercial Sector 28247 14393 13912 11255 15146
2.1.2.2 Credit to the Commercial Sector by the Banking System 23523454 20355230 23434290 23391822 23702464
2.1.2.2.1 Other Investments ( Non-SLR Securities) 1298267 1264187 1360343 1342577 1317240
2.2 Government’s Currency Liabilities to the Public 40818 37291 41059 41190 41332
2.3 Net Foreign Exchange Assets of the Banking Sector 6529338 5826972 6570456 6611762 6548436
2.3.1 Net Foreign Exchange Assets of the RBI 6360229 5753296 6360121 6412265 6324987
2.3.2 Net Foreign Currency Assets of the Banking System 169109 73676 210335 199498 223449
2.4 Capital Account 5731391 4953372 6000820 6286915 6197551
2.5 Other items (net) 1815591 1178749 1753700 1634339 1416393
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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