According to the Reserve Bank of India (RBI), Indian banks reported an 11.2% year-on-year rise in deposits and a 13.6% increase in loans during the fortnight ending February 15. The figures highlight robust credit demand and healthy deposit mobilization, underscoring resilience in India’s banking sector amid global uncertainties.
The Reserve Bank of India (RBI) has released fresh data indicating strong growth in both deposits and loans across Indian banks. For the fortnight ending February 15, deposits rose 11.2% compared to the same period last year, while loans surged 13.6%.
This performance reflects sustained credit demand from businesses and households, alongside steady deposit inflows. The growth trajectory highlights the banking sector’s resilience and its critical role in supporting India’s broader economic momentum.
Key Highlights
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Deposit Growth: Up 11.2% year-on-year as of February 15
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Loan Growth: Increased 13.6% year-on-year in the same period
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Economic Context: Rising credit demand signals confidence in investment and consumption
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Sector Resilience: Banks continue to mobilize deposits effectively despite global uncertainties
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Outlook: Strong banking fundamentals expected to support India’s growth trajectory
The latest RBI data reinforces optimism about India’s financial system, with balanced growth in deposits and loans ensuring liquidity and credit availability for the economy.
Sources: Reuters, Reserve Bank of India (RBI)