7. Sources of Money Stock (M3) - RBI - Reserve Bank of India
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Published on January 10, 2019
7. Sources of Money Stock (M3)
| (₹ Billion) | |||||
| Sources | Outstanding as on March 31/last reporting Fridays of the month/reporting Fridays | ||||
| 2017-18 | 2017 | 2018 | |||
| Nov. 24 | Oct. 26 | Nov. 9 | Nov. 23 | ||
| 1 | 2 | 3 | 4 | 5 | |
| 1 Net Bank Credit to Government | 40,014.0 | 40,039.7 | 42,930.4 | 43,796.1 | 43,445.9 |
| 1.1 RBI’s net credit to Government (1.1.1–1.1.2) | 4,759.6 | 4,474.1 | 6,510.7 | 7,311.9 | 7,127.2 |
| 1.1.1 Claims on Government | 6,435.6 | 6,603.4 | 6,889.4 | 7,313.3 | 7,251.6 |
| 1.1.1.1 Central Government | 6,418.4 | 6,574.3 | 6,871.6 | 7,270.9 | 7,251.6 |
| 1.1.1.2 State Governments | 17.2 | 29.0 | 17.8 | 42.4 | 0.0 |
| 1.1.2 Government deposits with RBI | 1,676.0 | 2,129.2 | 378.7 | 1.4 | 124.4 |
| 1.1.2.1 Central Government | 1,675.6 | 2,128.8 | 378.3 | 1.0 | 123.9 |
| 1.1.2.2 State Governments | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
| 1.2 Other Banks’ Credit to Government | 35,254.4 | 35,565.6 | 36,419.8 | 36,484.2 | 36,318.7 |
| 2 Bank Credit to Commercial Sector | 92,137.2 | 85,124.7 | 96,237.1 | 97,029.2 | 97,242.9 |
| 2.1 RBI’s credit to commercial sector | 140.3 | 80.6 | 92.3 | 93.2 | 93.2 |
| 2.2 Other banks’ credit to commercial sector | 91,996.9 | 85,044.1 | 96,144.8 | 96,936.0 | 97,149.8 |
| 2.2.1 Bank credit by commercial banks | 86,254.2 | 79,347.1 | 90,339.8 | 91,114.4 | 91,326.2 |
| 2.2.2 Bank credit by co-operative banks | 5,666.0 | 5,609.1 | 5,720.7 | 5,733.0 | 5,737.8 |
| 2.2.3 Investments by commercial and co-operative banks in other securities | 76.7 | 87.9 | 84.3 | 88.7 | 85.8 |
| 3 Net Foreign Exchange Assets of Banking Sector (3.1 + 3.2) | 29,223.0 | 27,206.6 | 30,034.7 | 29,894.3 | 29,297.1 |
| 3.1 RBI’s net foreign exchange assets (3.1.1–3.1.2) | 27,607.8 | 25,930.3 | 28,712.7 | 28,572.3 | 27,975.2 |
| 3.1.1 Gross foreign assets | 27,609.9 | 25,932.2 | 28,714.9 | 28,574.6 | 27,977.5 |
| 3.1.2 Foreign liabilities | 2.1 | 2.0 | 2.1 | 2.3 | 2.3 |
| 3.2 Other banks’ net foreign exchange assets | 1,615.1 | 1,276.3 | 1,321.9 | 1,321.9 | 1,321.9 |
| 4 Government’s Currency Liabilities to the Public | 256.5 | 255.7 | 257.0 | 257.0 | 257.0 |
| 5 Banking Sector’s Net Non-monetary Liabilities | 22,004.8 | 21,153.6 | 25,196.4 | 25,529.1 | 25,054.8 |
| 5.1 Net non-monetary liabilities of RBI | 9,069.9 | 8,853.4 | 11,492.6 | 11,465.0 | 10,899.7 |
| 5.2 Net non-monetary liabilities of other banks (residual) | 12,934.9 | 12,300.2 | 13,703.8 | 14,064.1 | 14,155.2 |
| M3 (1+2+3+4–5) | 139,625.9 | 131,473.1 | 144,262.7 | 145,447.5 | 145,188.1 |
| Note: 3.1: Include foreign currency denominated bonds issued by IIFC (UK). | |||||
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