Document title: Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1146
Date: 18 September 2026
Policy Rates and Liquidity
The RBI’s liquidity facilities for the week of 7‑13 September 2026 show variable‑rate reverse repo operations ranging from ₹405,313 million to ₹617,666 million. The marginal standing facility (MSF) amounts varied between ₹37 million and ₹177 million, while the special deposit facility (SDF) ranged from ₹182,190 million to ₹281,021 million. Net liquidity absorption, calculated as (1+3+5+7+9‑2‑4‑6‑8), was negative throughout, indicating net outflow, with the largest weekly absorption of –₹793,862 million recorded on 7 September 2026.
Banking and Credit
Scheduled commercial banks reported aggregate deposits of ₹27,871,530 crore as of the fortnight ending 31 August 2026, a weekly increase of ₹940,184 crore and a year‑to‑date rise of ₹1,088,214 crore (3.5% weekly growth, 9.8% YTD). Demand deposits stood at ₹3,448,742 crore (weekly increase ₹146,349 crore, YTD increase ₹434,172 crore) while time deposits were ₹24,422,788 crore (weekly increase ₹793,835 crore, YTD increase ₹1,684,328 crore). Borrowings by banks amounted to ₹997,898 crore, falling by ₹106,035 crore weekly but rising ₹181,329 crore YTD. Other demand and time liabilities were ₹1,311,123 crore, up ₹148,405 crore weekly and ₹195,628 crore YTD.
Bank credit expanded to ₹22,387,567 crore, a weekly rise of ₹379,803 crore and a YTD increase of ₹5,567,088 crore (1.7% weekly growth, 10.3% YTD). Food credit reached ₹112,042 crore, improving by ₹4,174 crore YTD, while non‑food credit stood at ₹22,275,525 crore, up ₹3,520,420 crore YTD. All figures incorporate the impact of a non‑bank merger effective 1 July 2023.
External Sector and Currency
Total reserves as of 12 September 2025 were ₹7,460,261 crore, equivalent to US$78,078 million. The year‑to‑date variation shows a decline of ₹4,924 crore (‑0.7%). Foreign currency assets amounted to ₹6,170,421 crore (US$64,579 million), down ₹2,372 crore YTD. Gold holdings were ₹1,062,723 crore (US$11,122 million), decreasing by ₹12,771 crore weekly and ₹31,586 crore YTD. Special drawing rights (SDRs) stood at ₹180,056 crore (US$1,884 million), up ₹2,353 crore YTD. The RBI’s reserve position in the IMF was ₹47,060 crore (US$4,916 million), unchanged from the previous week.
Money Stock – Components and Sources
M3, the broadest monetary aggregate, reached ₹31,453,126 crore as of 31 March 2026, a weekly increase of ₹927,145 crore (2.9%) and a YTD rise of ₹4,745,730 crore (16.7%). Currency with the public grew to ₹4,065,488 crore, up 2.9% weekly and 12.8% YTD. Demand deposits with banks rose to ₹3,844,879 crore, increasing 4.2% weekly but falling 6.3% YTD, resulting in a net YTD growth of 18.7%. Time deposits with banks expanded to ₹23,410,625 crore, up 3.2% weekly and 17.1% YTD. Other deposits with the RBI declined to ₹132,134 crore, down 0.7% weekly and 11.3% YTD.
On the source side, net bank credit to the government reached ₹9,363,275 crore (weekly increase ₹83,249 crore, YTD increase 8.4%). Credit to the commercial sector was ₹22,226,641 crore, up 1.7% weekly and 18.6% YTD. The data also reflect the merger of a non‑bank with a bank effective 14 July 2023.
Financial Stability and Inclusion
The bulletin notes that, as per the Banking Laws (Amendment) Act, 2025, the definition of a fortnight was revised from alternate Fridays to the 15th and last calendar day of each month, effective 15 December 2025. This change affects the reporting periods used in the tables above.
Overall, the weekly statistical supplement indicates a modest contraction in total reserves and foreign assets, continued expansion of bank deposits and credit, and a notable increase in the broad money supply (M3). Liquidity management tools show persistent net absorption through reverse repo operations.