8. Monetary Survey

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Published on August 19, 2024

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8. Monetary Survey

(₹ Crore)
Item	Outstanding as on March 31/last reporting Fridays of the month/reporting Fridays
	2023-24	2023	2024
	2023-24	Jun. 30	May 31	Jun. 14	Jun. 28
	1	2	3	4	5
Monetary Aggregates
NM₁ (1.1+1.2.1+1.3)	6091466	5903535	6211113	6114602	6287864
NM₂ (NM₁ + 1.2.2.1)	14424621	13709198	14792897	14662823	14915606
NM2 (NM1 + 1.2.2.1) (Including Merger)	(14473330)		(14835727)	(14704675)	(14955835)
NM₃ (NM₂ +1.2.2.2 + 1.4 = 2.1 + 2.2 + 2.3 – 2.4 – 2.5)	25384097	23724457	26020669	25891323	26225085
NM3 (NM2 + 1.2.2.2 + 1.4 = 2.1 + 2.2 + 2.3 - 2.4 - 2.5) (Including Merger)	(25492339)		(26115848)	(25984328)	(26314482)
1 Components
1.1 Currency with the Public	3410042	3234608	3468476	3489248	3445861
1.2 Aggregate Deposits of Residents	21105010	19936164	21722100	21531457	21918997
1.2 Aggregate Deposits of Residents (Including Merger)	(21213252)		(21817278)	(21624461)	(22008393)
1.2.1 Demand Deposits	2586888	2590246	2651468	2535411	2746237
1.2.2 Time Deposits of Residents	18518121	17345918	19070631	18996046	19172760
1.2.2 Time Deposits of Residents (Including Merger)	(18626364)		(19165810)	(19089051)	(19262157)
1.2.2.1 Short-term Time Deposits	8333155	7805663	8581784	8548221	8627742
1.2.2.1 Short-term Time Deposits (Including Merger)	(8381864)		(8624615)	(8590073)	(8667971)
1.2.2.1.1 Certiﬁcates of Deposits (CDs)	369399	288827	364274	357042	407354
1.2.2.2 Long-term Time Deposits	10184967	9540255	10488847	10447826	10545018
1.2.2.2 Long-term Time Deposits (Including Merger)	(10244500)		(10541196)	(10498978)	(10594186)
1.3 'Other' Deposits with RBI	94536	78680	91169	89944	95766
1.4 Call/Term Funding from Financial Institutions	774509	475004	738925	780675	764461
2 Sources
2.1 Domestic Credit	25295986	23397013	25526551	25499673	26017302
2.1 Domestic Credit (Including Merger)	(25918227)		(26122512)	(26091106)	(26582877)
2.1.1 Net Bank Credit to the Government	7512016	7190341	7370024	7425491	7424141
2.1.1 Net Bank Credit to the Government (Including Merger)	(7603571)		(7454906)	(7510409)	(7489485)
2.1.1.1 Net RBI credit to the Government	1193213	1220251	966036	973578	1026142
2.1.1.2 Credit to the Government by the Banking System	6318803	5970090	6403988	6451913	6397999
2.1.1.2 Credit to the Government by the Banking System (Including Merger)	(6410358)		(6488870)	(6536831)	(6463344)
2.1.2 Bank Credit to the Commercial Sector	17783970	16206672	18156528	18074182	18593161
2.1.2 Bank Credit to the Commercial Sector (Including Merger)	(18314656)		(18667606)	(18580697)	(19093392)
2.1.2.1 RBI Credit to the Commercial Sector	14406	5383	11372	11370	10922
2.1.2.2 Credit to the Commercial Sector by the Banking System	17769564	16201289	18145156	18062813	18582239
2.1.2.2 Credit to the Commercial Sector by the Banking System (Including Merger)	(18300250)		(18656234)	(18569328)	(19082470)
2.1.2.2.1 Other Investments ( Non-SLR Securities)	1089184	1068672	1101545	1090913	1432378
2.2 Government's Currency Liabilities to the Public	33432	30925	33858	33858	34065
2.3 Net Foreign Exchange Assets of the Banking Sector	5110820	4777388	5157953	5153019	5180164
2.3.1 Net Foreign Exchange Assets of the RBI	5240824	4717246	5289060	5305132	5286756
2.3.2 Net Foreign Currency Assets of the Banking System	-130004	60142	-131107	-152112	-106593
2.4 Capital Account	3912897	3783732	4268718	4258716	4258925
2.5 Other items (net)	1657243	697137	929757	1034939	1223699
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.