8. Monetary Survey

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Published on September 18, 2023

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8. Monetary Survey

(₹ Crore)
Item	Outstanding as on March 31/last reporting Fridays of the month/reporting Fridays
	2022-23	2022	2023
	2022-23	Jul. 29	Jun. 30	Jul. 14	Jul. 28
	1	2	3	4	5
Monetary Aggregates
NM₁ (1.1+1.2.1+1.3)	5674795	5304199	5902112	5632793	5685104
NM₂ (NM₁ + 1.2.2.1)	13103413	12322838	13707800	13432117	13513174
				(13501414)	(13580881)
NM₃ (NM₂ +1.2.2.2 + 1.4 = 2.1 + 2.2 + 2.3 – 2.4 – 2.5)	22628165	21254776	23723089	23752395	23865157
				(23906390)	(24015617)
1 Components
1.1 Currency with the Public	3276436	3063746	3234636	3236671	3215903
1.2 Aggregate Deposits of Residents	18828639	17780186	19934769	19653334	19793790
				(19807329)	(19944249)
1.2.1 Demand Deposits	2320598	2183209	2588795	2321503	2398078
1.2.2 Time Deposits of Residents	16508041	15596977	17345973	17331831	17395711
				(17485826)	(17546170)
1.2.2.1 Short-term Time Deposits	7428619	7018640	7805688	7799324	7828070
				(7868622)	(7895777)
1.2.2.1.1 Certificates of Deposits (CDs)	303993	233740	283125	279000	303026
1.2.2.2 Long-term Time Deposits	9079423	8578338	9540285	9532507	9567641
				(9617204)	(9650394)
1.3 'Other' Deposits with RBI	77761	57244	78680	74618	71123
1.4 Call/Term Funding from Financial Institutions	445329	353600	475004	787772	784342
2 Sources
2.1 Domestic Credit	22710730	20597841	23405785	23272079	23293961
				(23998058)	(24016807)
2.1.1 Net Bank Credit to the Government	7165533	6408664	7190341	7250238	7224878
				(7362706)	(7337446)
2.1.1.1 Net RBI credit to the Government	1451126	1098524	1220251	1244914	1197085
2.1.1.2 Credit to the Government by the Banking System	5714407	5310141	5970090	6005324	6027793
				(6117792)	(6140360)
2.1.2 Bank Credit to the Commercial Sector	15545198	14189177	16215444	16021841	16069082
				(16635352)	(16679362)
2.1.2.1 RBI Credit to the Commercial Sector	26549	44374	5383	4044	5144
2.1.2.2 Credit to the Commercial Sector by the Banking System	15518649	14144802	16210061	16017797	16063938
				(16631308)	(16674218)
2.1.2.2.1 Other Investments (Non-SLR Securities)	1096333	1047900	1069467	1117051	1119938
2.2 Government's Currency Liabilities to the Public	30285	28611	30925	30925	31148
2.3 Net Foreign Exchange Assets of the Banking Sector	4699822	4598008	4751750	4847202	4837647
2.3.1 Net Foreign Exchange Assets of the RBI	4587355	4393436	4717246	4835914	4799704
2.3.2 Net Foreign Currency Assets of the Banking System	112467	204572	34504	11288	37943
2.4 Capital Account	3446786	3291876	3771997	3955128	3932839
2.5 Other items (net)	1365887	677807	693374	1014666	937147
Note: Figures in parentheses include the impact of merger of a non-bank with a bank. NM₂ and NM₃ do not include FCNR (B) deposits. 2.4: Consist of paid-up capital and reserves. 2.5: includes other demand and time liabilities of the banking system.