7. Sources of Money Stock (M3) - RBI - Reserve Bank of India
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Published on August 10, 2017
7. Sources of Money Stock (M3)
| (₹ Billion) | |||||
| Sources | Outstanding as on March 31/last reporting Fridays of the month/reporting Fridays | ||||
| 2016-17 | 2016 | 2017 | |||
| Jun. 24 | May 26 | Jun. 9 | Jun. 23 | ||
| 1 | 2 | 3 | 4 | 5 | |
| 1 Net Bank Credit to Government | 38,690.9 | 36,016.0 | 41,190.0 | 41,402.4 | 41,077.9 |
| 1.1 RBI’s net credit to Government (1.1.1–1.1.2) | 6,208.1 | 6,604.6 | 6,867.0 | 6,835.9 | 6,672.7 |
| 1.1.1 Claims on Government | 7,512.0 | 7,020.5 | 7,815.2 | 7,784.1 | 7,628.0 |
| 1.1.1.1 Central Government | 7,499.4 | 7,009.9 | 7,805.0 | 7,749.0 | 7,608.7 |
| 1.1.1.2 State Governments | 12.6 | 10.6 | 10.2 | 35.1 | 19.3 |
| 1.1.2 Government deposits with RBI | 1,303.9 | 415.9 | 948.2 | 948.2 | 955.3 |
| 1.1.2.1 Central Government | 1,303.5 | 415.5 | 947.7 | 947.7 | 947.7 |
| 1.1.2.2 State Governments | 0.4 | 0.4 | 0.4 | 0.4 | 7.6 |
| 1.2 Other Banks’ Credit to Government | 32,482.8 | 29,411.5 | 34,323.0 | 34,566.5 | 34,405.2 |
| 2 Bank Credit to Commercial Sector | 84,514.3 | 77,914.5 | 81,645.0 | 82,278.2 | 82,328.8 |
| 2.1 RBI’s credit to commercial sector | 72.9 | 75.3 | 66.4 | 70.0 | 69.3 |
| 2.2 Other banks’ credit to commercial sector | 84,441.4 | 77,839.2 | 81,578.6 | 82,208.3 | 82,259.6 |
| 2.2.1 Bank credit by commercial banks | 78,815.3 | 72,279.6 | 75,984.8 | 76,592.1 | 76,637.1 |
| 2.2.2 Bank credit by co-operative banks | 5,548.9 | 5,508.9 | 5,511.0 | 5,531.6 | 5,538.7 |
| 2.2.3 Investments by commercial and co-operative banks in other securities | 77.2 | 50.7 | 82.8 | 84.6 | 83.7 |
| 3 Net Foreign Exchange Assets of Banking Sector (3.1 + 3.2) | 25,582.3 | 25,892.6 | 26,054.7 | 26,095.5 | 26,284.3 |
| 3.1 RBI’s net foreign exchange assets (3.1.1–3.1.2) | 23,972.1 | 24,386.7 | 24,444.5 | 24,485.3 | 24,674.1 |
| 3.1.1 Gross foreign assets | 23,974.1 | 24,388.8 | 24,446.3 | 24,487.2 | 24,676.0 |
| 3.1.2 Foreign liabilities | 2.0 | 2.1 | 1.9 | 1.9 | 1.9 |
| 3.2 Other banks’ net foreign exchange assets | 1,610.2 | 1,505.9 | 1,610.2 | 1,610.2 | 1,610.2 |
| 4 Government’s Currency Liabilities to the Public | 250.9 | 226.0 | 252.4 | 252.4 | 253.1 |
| 5 Banking Sector’s Net Non-monetary Liabilities | 20,594.6 | 20,808.7 | 21,884.6 | 22,186.4 | 21,827.1 |
| 5.1 Net non-monetary liabilities of RBI | 8,333.5 | 10,005.0 | 8,460.2 | 8,397.9 | 8,529.4 |
| 5.2 Net non-monetary liabilities of other banks (residual) | 12,261.1 | 10,803.7 | 13,424.4 | 13,788.5 | 13,297.7 |
| M3 (1+2+3+4–5) | 128,443.9 | 119,240.4 | 127,257.6 | 127,842.2 | 128,117.0 |
| Note: 3.1 Include foreign currency denominated bonds issued by IIFC (UK). | |||||
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