| Table 6.2: Money Stock: Components and Sources | (Rupees crore) | ||||||||||
| Outstanding | Variations | ||||||||||
| as on | Over the Month | Over the Year | Fiscal Year So Far | Full Financial Year | |||||||
| 31-Mar-26 | 2025 | 2026 | 2024-25 | 2025-26 | 2022-23 | 2023-24 | 2024-25 | ||||
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | ||
| M3 | 31466475 | 1168435 | 2356524 | 3622694 | 2903921 | 4179886 | 1958274 | 2487857 | 2346729 | ||
| (3.9) | (9.2) | (13.0) | (11.6) | (15.3) | (9.6) | (11.1) | (9.4) | ||||
| Components | |||||||||||
| Curency with the Public | 4067578 | 81584 | 219290 | 417500 | 239801 | 436826 | 240747 | 133841 | 220475 | ||
| (2.0) | (6.4) | (11.4) | (7.0) | (12.0) | (7.9) | (4.1) | (6.5) | ||||
| Aggregate Deposits | 27256074 | 1061951 | 2120448 | 3165576 | 2655449 | 3713543 | 1698210 | 2337243 | 2107482 | ||
| (4.1) | (9.7) | (13.1) | (12.4) | (15.8) | (9.8) | (12.2) | (9.8) | ||||
| Demand Deposits | 3844896 | 474277 | 186627 | 918751 | 339256 | 1004873 | 107607 | 266291 | 253134 | ||
| (14.1) | (6.8) | (31.4) | (13.1) | (35.4) | (4.9) | (11.5) | (9.8) | ||||
| Time Deposits | 23411178 | 587674 | 1933821 | 2246825 | 2316193 | 2708670 | 1590603 | 2070952 | 1854348 | ||
| (2.6) | (10.1) | (10.6) | (12.3) | (13.1) | (10.5) | (12.3) | (9.8) | ||||
| Other deposits with RBI | 142824 | 24902 | 16787 | 39617 | 8671 | 29517 | 19318 | 16774 | 18771 | ||
| (21.1) | (19.4) | (38.4) | (9.2) | (26.1) | (33.1) | (21.6) | (19.9) | ||||
| Sources of Change | |||||||||||
| Net Bank credit to Government | 9328437 | 147785 | 813863 | 779358 | 945508 | 817611 | 779460 | 346482 | 907255 | ||
| (1.6) | (10.5) | (9.1) | (12.4) | (9.6) | (12.0) | (4.8) | (11.9) | ||||
| Reserve Bank of India | 2038448 | 125263 | 303840 | 461058 | 384177 | 530343 | 529 | -257913 | 314892 | ||
| (6.5 | (23.9 | (29.2 | (32.2 | (35.2 | (0.0 | (-17.8) | (26.4 | ||||
| Other Banks | 6688983 | -578484 | 510023 | 318300 | 561330 | 287269 | 465192 | 317128 | 592361 | ||
| (-8.0) | (8.7) | (5.0) | (9.7) | (4.5) | (9.3) | (5.8) | (10.2) | ||||
| Bank Credit to Commercial Sector | 22228134 | 639562 | 1864516 | 3017484 | 2007818 | 3160005 | 2343803 | 2242509 | 1865297 | ||
| (3.0) | (10.7) | (15.7) | (11.7) | (16.6) | (18.6) | (15.0) | (10.8) | ||||
| Reserve Bank of India | 28254 | 16661 | 10114 | 6716 | 7131 | -9992 | 9979 | -12142 | 23839 | ||
| (143.7) | (88.5) | (31.2) | (49.5) | (-26.1) | (60.2) | (-45.7) | (165.5) | ||||
| Other Banks | 22199880 | 622901 | 1854402 | 3010768 | 2000687 | 3169997 | 2333823 | 2254652 | 1841458 | ||
| (2.9) | (10.7) | (15.7) | (11.6) | (16.7) | (18.5) | (15.1) | (10.7) | ||||
| Net foreign exchange assets | 7044109 | -96229 | 622863 | 844335 | 632271 | 895582 | 57963 | 655478 | 581024 | ||
| of banking sector | (-1.3) | (11.2) | (13.6) | (11.4) | (14.6) | (1.2) | (13.3) | (10.4) | |||
| Govt's currency liabilities | 40815 | 278 | 3200 | 4183 | 3200 | 4183 | 3191 | 234 | 3200 | ||
| (0.7) | (9.6) | (11.4) | (9.6) | (11.4) | (10.6) | (0.7) | (9.6) | ||||
| Banking sectors net non- | 7175020 | -477040 | 947917 | 1022666 | 684876 | 697496 | 1225222 | 759760 | 1010046 | ||
| monetary liabilities | (-6.2) | (18.2) | (16.6) | (12.5) | (10.8) | (35.2) | (16.1) | (18.5) | |||
| Net non-monetary | 3059856 | -62712 | 407473 | 854452 | 415270 | 912430 | 279325 | 202309 | 357292 | ||
| liabilities of RBI | (-2.0) | (22.7) | (38.7) | (23.2) | (42.5) | (21.3) | (12.7) | (20.0) | |||
| Note: Figures within brackets represent variations in percentages | |||||||||||
| Our online database `EPWRF India Time Series’, covers as many as 45 vital statistics on the Indian economy. | |||||||||||
| These statistics can be accessed through our website http://www.epwrfits.in. | |||||||||||