Press release
🌐 Macro
📊 Neutral
🌍 India
Scheduled Commercial Banks Report ₹28.95 Lakh Crore in Deposits as of Oct 2026
Scheduled commercial banks reported a substantial rise in both deposits and credit as of September 2026, with aggregate deposits hitting ₹28.95 lakh crore and total bank credit reaching ₹23.51 lakh crore.
Impact
0/10
💡 Key Takeaways
- Aggregate deposits for all scheduled banks rose to ₹28.95 lakh crore by September 30, 2026.
- Total bank credit expanded to ₹23.51 lakh crore, up from ₹19.71 lakh crore in October 2025.
- Investments in Central and State Government securities reached ₹7.66 lakh crore.
📋 Executive Summary
Latest RBI data for all scheduled banks shows aggregate deposits reaching ₹28.95 lakh crore as of September 30, 2026, compared to ₹24.38 lakh crore in the previous year. Bank credit also saw significant expansion, climbing to ₹23.51 lakh crore from ₹19.71 lakh crore over the same period, reflecting robust credit growth across the banking system.
📊 Sentiment Analysis
Sentiment
📊 Neutral
Impact Score
0/10
Region
🌍 India
Asset Class
🌐 Macro
❓ Frequently Asked Questions
As of September 30, 2026, bank credit (excluding inter-bank advances) for scheduled commercial banks stood at ₹22.99 lakh crore.
📰 Source
📅 Originally published:
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