Money Stock : Components and Sources (May 17, 2024)

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Date: May 17, 2024

(₹ Crore)
Item	Outstanding as on		Variation over
	2024		Fortnight		Financial Year so far				Year-on-Year
	2024		Fortnight		2023-24		2024-25		2023		2024
	Mar. 22	May 3	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
	1	2	3	4	5	6	7	8	9	10	11	12
M3	24830291	25358337	205930	0.8	479459	2.1	528046	2.1	2011753	9.7	2535117	11.1
	(24938533)	(25460974)	(202586)	(0.8)			(522441)	(2.1)			(2637755)	(11.6)
1 Components (1.1.+1.2+1.3+1.4)
1.1 Currency with the Public	3418663	3469626	15603	0.5	90498	2.8	50963	1.5	244763	7.8	102692	3.1
1.2 Demand Deposits with Banks	2586888	2581816	-23675	-0.9	-1991	-0.1	-5072	-0.2	160095	7.4	263210	11.4
1.3 Time Deposits with Banks	18739918	19217849	211309	1.1	400498	2.4	477931	2.6	1594651	10.3	2148385	12.6
	(18848160)	(19320486)	(207965)	(1.1)			(472326)	(2.5)			(2251023)	(13.2)
1.4 ‘Other’ Deposits with Reserve Bank	84822	89045	2694	3.1	-9546	-12.3	4223	5.0	12244	21.9	20830	30.5
2 Sources (2.1+2.2+2.3+2.4-2.5)
2.1 Net Bank Credit to Government	7313197	7578409	-10634	-0.1	62816	0.9	265212	3.6	827477	12.9	350061	4.8
	(7404752)	(7663769)	(-12578)	(-0.2)			(259016)	(3.5)			(435420)	(6.0)
2.1.1 Reserve Bank	994394	1138507	-83123		-46927		144112		133923		-265692
2.1.2 Other Banks	6318803	6439903	72489	1.1	109742	1.9	121100	1.9	693554	13.5	615753	10.6
	(6410358)	(6525262)	(70545)	(1.1)			(114904)	(1.8)			(701113)	(12.0)
2.2 Bank Credit to Commercial Sector	16669610	16878496	147908	0.9	226836	1.6	208885	1.3	1893101	14.8	2222023	15.2
	(17200297)	(17395613)	(144207)	(0.8)			(195316)	(1.1)			(2739141)	(18.7)
2.2.1 Reserve Bank	11871	11272	468		-4351		-599		14423		-10926
2.2.2 Other Banks	16657739	16867224	147441	0.9	231188	1.6	209485	1.3	1878678	14.7	2232949	15.3
	(17188425)	(17384341)	(143739)	(0.8)			(195916)	(1.1)			(2750066)	(18.8)
2.3 Net Foreign Exchange Assets of Banking Sector	5505919	5502904	9265	0.2	121391	2.5	-3015	-0.1	193211	4.0	469747	9.3
2.4 Government's Currency Liabilities to the Public	33198	33432	0	0	196	0.6	234	0.7	2322	8.2	2950	9.7
2.5 Banking Sector's Net Non-Monetary Liabilities	4691633	4634904	-59391	-1.3	-68220	-1.6	-56729	-1.2	904358	28.1	509664	12.4
	(5205633)	(5134743)	(-61692)	(-1.2)			(-70889)	(-1.4)			(1009503)	(24.5)
2.5.1 Net Non-Monetary Liabilities of RBI	1774674	1769178	16446	0.9	51465	3.2	-5496	-0.3	417805	34.2	130147	7.9
Note: Figures in parentheses include the impact of merger of a non-bank with a bank.