# Bank deposits rise to Rs 27.49 lakh crore: RBI data 2026-08-12T18:37:32+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet As on July 31, 2026, total deposits of all scheduled banks in India stood at Rs 27.49 lakh crore, up 15.3% from a year ago, according to RBI data. Bank credit rose to Rs 22.59 lakh crore, a 19% increase. Demand deposits grew sharply to Rs 3.49 lakh crore. Borrowings from the RBI fell to Rs 604 crore from Rs 5,598 crore a fortnight earlier, indicating reduced reliance on central bank funds. The central bank released these numbers in its Scheduled Banks’ Statement of Position. ## Coverage - rbi.org.in Tags: bank credit, bank deposits, Indian economy, monetary data, RBI, scheduled banks Canonical: https://indianopinion.org/bank-deposits-rise-to-rs-27-49-lakh-crore-rbi-data/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/bank-deposits-rise-to-rs-27-49-lakh-crore-rbi-data/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.