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News Details

30/10/2026 17:34

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Bank credit grows 17.94% to Rs. 232.54 lakh cr, outpaces deposit growth: RBI

Bank credit increased 17.94% year-on-year to Rs. 232.54 lakh crore as of October 15, 2026, outpacing the 16.60% growth in bank deposits, according to data released by the Reserve Bank of India (RBI) on Friday.

Bank deposits stood at Rs. 284.37 lakh crore as of October 15, 2026, compared with Rs. 243.88 lakh crore on October 17, 2025, registering an annual growth of 16.60%.

Meanwhile, bank credit rose from Rs. 197.17 lakh crore in the corresponding period last year to Rs. 232.54 lakh crore, reflecting stronger credit growth across the banking sector.