7. Sources of Money Stock (M3)

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Published on September 11, 2020

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7. Sources of Money Stock (M3)

(₹ Crore)
Sources	Outstanding as on March 31/last reporting Fridays of the month/reporting Fridays
	2019-20	2019	2020
	2019-20	Jul. 19	Jun. 19	Jul. 17	Jul. 31
	1	2	3	4	5
1 Net Bank Credit to Government	4906583	4746772	5499987	5499197	5609914
1.1 RBI’s net credit to Government (1.1.1–1.1.2)	992192	1054649	1123896	1077033	1078662
1.1.1 Claims on Government	1047808	1054791	1180189	1183607	1184492
1.1.1.1 Central Government	1045314	1051651	1175526	1173512	1179635
1.1.1.2 State Governments	2494	3140	4663	10095	4857
1.1.2 Government deposits with RBI	55616	142	56293	106574	105830
1.1.2.1 Central Government	55573	100	56251	106531	105788
1.1.2.2 State Governments	43	42	42	43	42
1.2 Other Banks’ Credit to Government	3914391	3692123	4376091	4422164	4531252
2 Bank Credit to Commercial Sector	11038644	10270656	10902373	10877715	10941684
2.1 RBI’s credit to commercial sector	13166	7951	7187	11827	11588
2.2 Other banks’ credit to commercial sector	11025478	10262705	10895186	10865888	10930096
2.2.1 Bank credit by commercial banks	10370861	9658378	10247763	10219112	10282057
2.2.2 Bank credit by co-operative banks	637776	590851	637516	636556	637599
2.2.3 Investments by commercial and co-operative banks in other securities	16842	13476	9908	10220	10440
3 Net Foreign Exchange Assets of Banking Sector (3.1 + 3.2)	3801036	3161083	4041348	4079636	4194144
3.1 RBI’s net foreign exchange assets (3.1.1–3.1.2)	3590402	2949795	3830714	3869002	3983510
3.1.1 Gross foreign assets	3590636	2950003	3830951	3869240	3983748
3.1.2 Foreign liabilities	234	208	237	238	238
3.2 Other banks’ net foreign exchange assets	210634	211288	210634	210634	210634
4 Government’s Currency Liabilities to the Public	26315	25984	26315	26315	26315
5 Banking Sector’s Net Non-monetary Liabilities	2972648	2636713	3150604	2992282	3146368
5.1 Net non-monetary liabilities of RBI	1378342	1108128	1515001	1493261	1547264
5.2 Net non-monetary liabilities of other banks (residual)	1594306	1528585	1635603	1499021	1599104
M₃ (1+2+3+4–5)	16799930	15567781	17319418	17490580	17625688
Note: 3.1: Include foreign currency denominated bonds issued by IIFC (UK).