(` Billion)

Monetary Aggregates

M₁ (1.1 + 1.2.1+1.3)

17,238.0

16,890.6

17,882.7

17,925.7

18,046.1

NM₂ (M₁ + 1.2.2.1)

41,688.4

40,890.3

44,772.6

44,830.0

45,032.4

NM₃ (NM₂ + 1.2.2.2 + 1.4 = 2.1 + 2.2 + 2.3 – 2.4 – 2.5)

73,636.7

71,799.6

79,661.7

79,696.1

80,057.4

1 Components

1.1 Currency with the Public

10,266.0

9,774.6

10,892.9

11,051.7

10,931.5

1.2 Aggregate Deposits of Residents

61,277.9

60,426.4

66,721.5

66,636.4

67,068.8

1.2.1 Demand Deposits

6,943.7

7,093.7

6,966.1

6,849.2

7,099.1

1.2.2 Time Deposits of Residents

54,334.2

53,332.6

59,755.4

59,787.2

59,969.6

1.2.2.1 Short-term Time Deposits

24,450.4

23,999.7

26,889.9

26,904.3

26,986.3

1.2.2.1.1 Certificates of Deposit (CDs)

4,539.0

4,093.0

3,097.4

3,047.1

3,343.9

1.2.2.2 Long-term Time Deposits

29,883.8

29,333.0

32,865.5

32,883.0

32,983.3

1.3 ‘Other’ Deposits with RBI

28.2

22.3

23.8

24.9

15.4

1.4 Call/Term Funding from Financial Institutions

2,064.5

1,576.4

2,023.6

1,983.2

2,041.7

2 Sources

2.1 Domestic Credit

74,800.1

71,101.4

81,361.9

81,904.2

81,936.4

2.1.1 Net Bank Credit to the Government

23,339.3

22,046.1

25,629.2

26,130.4

25,495.9

2.1.1.1 Net RBI credit to the Government

5,357.4

4,500.6

5,358.4

5,972.4

5,504.7

2.1.1.2 Credit to the Government by the Banking System

17,981.9

17,545.5

20,270.8

20,158.0

19,991.2

2.1.2 Bank Credit to the Commercial Sector

51,460.8

49,055.2

55,732.7

55,773.8

56,440.5

2.1.2.1 RBI Credit to the Commercial Sector

39.6

32.7

54.5

43.5

37.3

2.1.2.2 Credit to the Commercial Sector by the Banking System

51,421.2

49,022.6

55,678.2

55,730.2

56,403.2

2.1.2.2.1 Other Investments (Non-SLR Securities)

2,719.7

2,810.3

3,288.2

3,295.5

3,310.8

2.2 Government’s Currency Liabilities to the Public

134.4

130.4

147.2

147.2

147.2

2.3 Net Foreign Exchange Assets of the Banking Sector

13,950.1

14,374.4

14,489.9

14,610.7

14,646.3

2.3.1 Net Foreign Exchange Assets of the RBI

14,722.0

15,444.6

15,736.4

15,814.9

15,929.8

2.3.2 Net Foreign Currency Assets of the Banking System

–771.8

–1,070.2

–1,246.6

–1,204.2

–1,283.5

2.4 Capital Account

11,094.1

11,429.5

13,021.1

13,061.7

13,179.0

2.5 Other items (net)

4,154.0

2,377.0

3,316.3

3,904.3

3,493.5