Bank credit growth outpaces deposits at 17.94% as festive demand picks up

Bank credit expanded significantly, reaching Rs 232.54 lakh crore by mid-October 2026, showing a strong 17.94 percent growth. In contrast, bank deposits increased to Rs 284.37 lakh crore, marking a 16.60 percent rise. This growth was fueled by increased liquidity in the banking system and festive season demand. Additionally, commercial banks saw a 9.64 percent rise in government securities, totaling Rs 77.32 lakh crore.