7. Sources of Money Stock (M3)

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Published on August 18, 2022

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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
	2021-22	2021	2022
	2021-22	Jun. 18	May 20	Jun. 3	Jun. 17
	1	2	3	4	5
1 Net Bank Credit to Government	6477629	5921492	6264552	6337282	6261159
1.1 RBI’s net credit to Government (1.1.1–1.1.2)	1450596	1049521	1196325	1192830	1081805
1.1.1 Claims on Government	1490991	1487439	1449291	1442983	1434456
1.1.1.1 Central Government	1489324	1475641	1440787	1431610	1426587
1.1.1.2 State Governments	1667	11799	8504	11372	7869
1.1.2 Government deposits with RBI	40394	437918	252966	250153	352651
1.1.2.1 Central Government	40352	437875	252924	250110	352608
1.1.2.2 State Governments	42	42	42	42	42
1.2 Other Banks’ Credit to Government	5027033	4871971	5068228	5144452	5179354
2 Bank Credit to Commercial Sector	12616520	11552794	12769728	12876990	12901572
2.1 RBI’s credit to commercial sector	16571	5749	15275	20613	29081
2.2 Other banks’ credit to commercial sector	12599950	11547046	12754453	12856377	12872491
2.2.1 Bank credit by commercial banks	11891314	10841852	12038120	12141035	12150353
2.2.2 Bank credit by co-operative banks	690201	687562	699492	698653	695940
2.2.3 Investments by commercial and co-operative banks in other securities	18435	17631	16841	16689	26198
3 Net Foreign Exchange Assets of Banking Sector (3.1 + 3.2)	4854063	4777903	4895017	4920752	4869550
3.1 RBI’s net foreign exchange assets (3.1.1–3.1.2)	4442479	4434553	4483433	4509169	4457966
3.1.1 Gross foreign assets	4442720	4434789	4483667	4509403	4458204
3.1.2 Foreign liabilities	241	237	234	234	238
3.2 Other banks’ net foreign exchange assets	411583	343350	411583	411583	411583
4 Government’s Currency Liabilities to the Public	28013	26995	28160	28293	28293
5 Banking Sector’s Net Non-monetary Liabilities	3482496	3109620	3275150	3343418	3398657
5.1 Net non-monetary liabilities of RBI	1308500	1349809	1253040	1268376	1212556
5.2 Net non-monetary liabilities of other banks (residual)	2173996	1759811	2022109	2075042	2186101
M₃ (1+2+3+4–5)	20493729	19169565	20682307	20819899	20661917
Note: 3.1: Include foreign currency denominated bonds issued by IIFC (UK).