Now Reading: Bank deposits rise to Rs 27.49 lakh crore: RBI data
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Bank deposits rise to Rs 27.49 lakh crore: RBI data
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…
The Story in Brief
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.
The Indian Opinion
The robust deposit and credit growth suggest economic momentum, but the heavy tilt toward demand deposits, which are volatile, raises caution. The sharp drop in RBI borrowings indicates banks are less stressed, yet the real test will be whether loan quality keeps pace. Watch for the RBI’s next financial stability report on asset quality.
Source: rbi.org.in
This story was synthesised by AI from the source linked above.
