Bank credit grew 17.1% in 2025-26, to ₹213.6 lakh crore.

Deposits grew 16.2% to ₹262.3 lakh crore, so banks lent 81.4% of every rupee they held in deposits, and kept 26.5% of deposits in government securities. Broad money (M3) grew 15.3% to ₹314.5 lakh crore.

Credit and deposits

Credit growth has ranged from 5.6% in 2020-21 to 37.0% in 2005-06. In 2025-26 credit grew 17.1% and deposits 16.2%.

How much of deposits banks lend

The credit-deposit ratio was lowest at 51.7% in 1998-99 and highest at 81.4% in 2025-26. Government securities were 43.5% of deposits at their highest, in 2003-04, and 22.2% at their lowest, in 1983-84.

Money in the economy

Broad money growth has ranged from 6.9% in 2016-17 to 22.4% in 1994-95. M3 is the currency with the public plus deposits with banks, with a small amount of other deposits with RBI, so it moves with the deposits that fund the credit above.

What this can and cannot tell you

These are stocks at the end of each fiscal year, taken from RBI’s Handbook of Statistics, so growth is the change between one end-March and the next and says nothing about what happened inside the year. The ratios use banks’ aggregate deposits, not every liability, and the credit counted is credit by scheduled commercial banks, not every lender. RBI’s notes say its 2023-24 figures include the effect of a non-bank merging with a bank on 1 July 2023, which lifts that year’s growth, and the table’s earlier notes record other mergers.

For what that credit costs, see borrowing costs and household debt, and for how households split their savings between deposits and other holdings, seehow households save and borrow.

How this is worked out

Scheduled commercial banks' bank credit as a share of their aggregate deposits, each period's value of the first divided by the second, times 100.

Growth of credit, deposits and money is as RBI publishes it. A plain change in the year-end levels matches RBI’s rate to within a tenth of a point in nine years out of ten, and for deposits to within five hundredths of a point in every year. RBI’s notes explain the largest differences: money growth for 2016-17 is measured from 1 April 2016, not from 31 March, and bank credit growth for 2021-22 is adjusted for past reporting errors by some banks.

Where the numbers come from

• Handbook of Statistics on the Indian Economy, Table 41: Scheduled Commercial Banks - Select Aggregates

  • Fetched automatically

  Reserve Bank of India. Retrieved 29 September 2026. Source page.

  • Reserve Bank of India
  • Returns submitted by banks to RBI under Section 42(2) of the RBI Act, 1934
  • RBI's table was dated Jul 31, 2026. Where RBI shows no figure for a year, the year is left out.

• Handbook of Statistics on the Indian Economy, Table 36: Components of Money Stock

  • Fetched automatically

  Reserve Bank of India. Retrieved 29 September 2026. Source page.

  • Reserve Bank of India
  • RBI's table was dated Jul 31, 2026. Where RBI shows no figure for a year, the year is left out.