Money Stock : Components and Sources

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Date: January 26, 2024

(₹ Crore)
Item	Outstanding as on		Variation over
	2023	2024	Fortnight		Financial Year so far				Year-on-Year
	2023	2024	Fortnight		2022-23		2023-24		2023		2024
	Mar. 31	Jan. 12	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
	1	2	3	4	5	6	7	8	9	10	11	12
M3	22343760	24209307	-46249	-0.2	1349350	6.6	1865546	8.3	1935732	9.7	2366228	10.8
		(24328667)	(-48176)	(-0.2)			(1984906)	(8.9)			(2485588)	(11.4)
1 Components (1.1.+1.2+1.3+1.4)
1.1 Currency with the Public	3276436	3311754	56074	1.7	128041	4.2	35318	1.1	229018	7.8	148024	4.7
1.2 Demand Deposits with Banks	2320598	2408079	-172410	-6.7	3274	0.1	87481	3.8	249125	12.7	191813	8.7
1.3 Time Deposits with Banks	16668966	18411008	72673	0.4	1214152	8.0	1742043	10.5	1444899	9.7	2010252	12.3
		(18530368)	(70746)	(0.4)			(1861402)	(11.2)			(2129612)	(13.0)
1.4 ‘Other’ Deposits with Reserve Bank	77761	78465	-2586	-3.2	3882	6.6	704	0.9	12690	25.6	16139	25.9
2 Sources (2.1+2.2+2.3+2.4-2.5)
2.1 Net Bank Credit to Government	7165533	7228491	56684	0.8	276197	4.3	62959	0.9	669483	11.0	474665	7.0
		(7325112)	(52495)	(0.7)			(159579)	(2.2)			(571286)	(8.5)
2.1.1 Reserve Bank	1451126	1016037	36378		-196665		-435089		92878		-237895
2.1.2 Other Banks	5714407	6212455	20306	0.3	472862	9.4	498048	8.7	576605	11.7	712560	13.0
		(6309075)	(16116)	(0.3)			(594668)	(10.4)			(809180)	(14.7)
2.2 Bank Credit to Commercial Sector	14429636	16151677	14072	0.1	1385245	11.0	1722041	11.9	1890282	15.6	2149913	15.4
		(16718218)	(7540)	(0.0)			(2288582)	(15.9)			(2716453)	(19.4)
2.2.1 Reserve Bank	26549	5228	148		-12846		-21321		-1416		1503
2.2.2 Other Banks	14403087	16146450	13924	0.1	1398091	11.1	1743363	12.1	1891699	15.6	2148409	15.3
		(16712990)	(7392)	(0.0)			(2309903)	(16.0)			(2714950)	(19.4)
2.3 Net Foreign Exchange Assets of Banking Sector	4911766	5261137	-55126	-1.0	-106827	-2.2	349371	7.1	-89093	-1.8	513901	10.8
2.4 Government's Currency Liabilities to the Public	30285	32596	332	1.0	1588	5.7	2311	7.6	1936	7.0	2996	10.1
2.5 Banking Sector's Net Non-Monetary Liabilities	4193459	4464595	62211	1.4	206853	5.9	271136	6.5	536877	17.0	775246	21.0
		(5008396)	(53417)	(1.1)			(814937)	(19.4)			(1319047)	(35.8)
2.5.1 Net Non-Monetary Liabilities of RBI	1587565	1739965	-52982	-3.0	194513	14.9	152400	9.6	201104	15.4	236952	15.8
Note: Figures in parentheses include the impact of merger of a non-bank with a bank.