Press release 🌐 Macro 🌍 India

Scheduled Commercial Banks Report ₹23.18 Lakh Crore Credit as of Oct 31

Scheduled commercial bank credit rose to ₹23,182,499 crore as of October 31, 2026, while RBI borrowings jumped to ₹29,134 crore, reflecting tighter system liquidity compared to the mid-October reporting period.

📅 November 13, 2026 🕐 1 min read

2 assets impacted (Forex, Bonds). Net bias: 1 Bullish, 0 Bearish, 1 Neutral. Strongest signal: INR → 2/10 (40% confidence).

📊 Affected Assets (2)

INR

Neutral 🤖 40%

📅 Short-term 🌍 IN ✨ Inferred

Routine fortnightly banking statistics as of October 31, 2026 show deposits from non-bank sources at ₹28,251,076 crore for scheduled commercial banks and bank credit at ₹23,182,499 crore, both up from a year earlier. This is standard liquidity and credit data with no surprise element, so no meaningful currency impact is expected.

IN10Y

Bullish 🤖 40%

📅 Short-term 🌍 IN ✨ Inferred

Banks' holdings of Central and State Government securities edged down to ₹7,527,428 crore on October 31, 2026 from ₹7,538,093 crore on October 15, 2026, while borrowings from the RBI jumped to ₹29,134 crore from ₹630 crore, hinting at tighter system liquidity. Marginally less bank demand for gilts and higher RBI borrowing can nudge yields up, but this is routine fortnightly data with limited market-moving force.

Catalysts

▲ Fortnightly fall in bank G-sec holdings to ₹7,527,428 crore (Oct 31) from ₹7,538,093 crore (Oct 15, 2026)
▲ RBI borrowings rose to ₹29,134 crore from ₹630 crore a fortnight earlier

Risk Factors

▼ Deposits continued to grow to ₹28,251,076 crore, supporting structural demand for government paper
▼ Fortnightly banking data is routine and rarely moves benchmark yields materially

🧭 Full analysis of these assets

🎯 Key Takeaways

Scheduled commercial bank credit grew to ₹23,182,499 crore as of October 31, 2026.
Bank deposits from non-bank sources reached ₹28,251,076 crore.
Borrowings from the RBI increased significantly to ₹29,134 crore from ₹630 crore on October 15, 2026.
Holdings of Central and State Government securities by banks edged down to ₹7,527,428 crore.

📝 Executive Summary

Latest RBI data for the fortnight ending October 31, 2026, shows scheduled commercial bank credit reached ₹23,182,499 crore, while deposits climbed to ₹28,251,076 crore. Borrowings from the Reserve Bank of India surged to ₹29,134 crore, up from ₹630 crore in the previous fortnight, signaling a shift in liquidity conditions.

❓ FAQ

Why do RBI banking statistics matter for government bond yields?

The statement shows how much banks hold in Central and State Government securities and how much they borrow from the RBI; heavier RBI borrowing and lighter securities holdings point to tighter liquidity, which can put slight upward pressure on bond yields.

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