Money Stock: Components and Sources

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Date: July 15, 2022

(₹ Crore)
Item	Outstanding as on		Variation over
	2022		Fortnight		Financial Year so far				Year-on-Year
	2022		Fortnight		2021-22		2022-23		2021		2022
	Mar. 31	Jul. 1	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
	1	2	3	4	5	6	7	8	9	10	11	12
M3	20493729	21037443	375526	1.8	468755	2.5	543714	2.7	1774421	10.1	1724110	8.9
1 Components (1.1.+1.2+1.3+1.4)
1.1 Currency with the Public	3035689	3078935	-23317	-0.8	122900	4.5	43246	1.4	302931	11.8	204206	7.1
1.2 Demand Deposits with Banks	2212992	2189951	102611	4.9	-108636	-5.4	-23041	–1.0	255594	15.7	303467	16.1
1.3 Time Deposits with Banks	15186605	15709490	291519	1.9	453099	3.2	522886	3.4	1207333	9.1	1206113	8.3
1.4 ‘Other’ Deposits with Reserve Bank	58444	59067	4712	8.7	1392	2.9	623	1.1	8564	21.3	10325	21.2
2 Sources (2.1+2.2+2.3+2.4-2.5)
2.1 Net Bank Credit to Government	6477629	6401636	140477	2.2	219315	3.7	-75993	–1.2	434626	7.7	331947	5.5
2.1.1 Reserve Bank	1450596	1142729	60924	5.6	8947		-307868		-72384		34096
2.1.2 Other Banks	5027033	5258908	79553	1.5	210368	4.4	231875	4.6	507010	11.4	297851	6.0
2.2 Bank Credit to Commercial Sector	12616520	13129114	227542	1.8	-25284	-0.2	512594	4.1	681810	6.2	1595600	13.8
2.2.1 Reserve Bank	16571	33091	4010		923		16521		-2216		23459
2.2.2 Other Banks	12599950	13096023	223532	1.7	-26208	-0.2	496073	3.9	684026	6.2	1572141	13.6
2.3 Net Foreign Exchange Assets of Banking Sector	4854063	4899397	29847	0.6	295366	6.5	45334	0.9	816216	20.1	25185	0.5
2.4 Government's Currency Liabilities to the Public	28013	28293	0	0	140	0.5	280	1.0	641	2.4	1240	4.6
2.5 Banking Sector's Net Non-Monetary Liabilities	3482496	3420998	22341	0.7	20781	0.6	-61498	–1.8	158871	5.1	229863	7.2
2.5.1 Net Non-Monetary Liabilities of RBI	1308500	1281116	68560	5.7	26710	2.0	-27385	–2.1	-71751	–4.9	-102255	–7.4