Press release
🌐 Macro
📊 Neutral
🌍 India
Scheduled Banks Report ₹28.95 Trillion in Deposits as of Sept 30, 2026
Scheduled banks saw deposits rise to ₹28.95 trillion and credit grow to ₹23.51 trillion by late September 2026, signaling continued expansion in the Indian banking system.
Impact
10/10
💡 Key Takeaways
- Aggregate deposits for all scheduled banks hit ₹28.95 trillion, a substantial increase from the previous year.
- Bank credit, excluding inter-bank advances, reached ₹23.51 trillion as of September 30, 2026.
- Investments in Central and State Government securities rose to ₹7.66 trillion.
📋 Executive Summary
Latest RBI data shows aggregate deposits for all scheduled banks reached ₹28.95 trillion as of September 30, 2026, up from ₹24.60 trillion in October 2025. Bank credit also expanded significantly, climbing to ₹23.51 trillion, reflecting robust lending activity across the sector. The figures include data from 120 scheduled commercial banks, 26 state co-operative banks, and 55 primary urban co-operative banks.
📊 Sentiment Analysis
Sentiment
📊 Neutral
Impact Score
10/10
Region
🌍 India
Asset Class
🌐 Macro
❓ Frequently Asked Questions
The report covers 120 scheduled commercial banks, 26 scheduled state co-operative banks, and 55 scheduled primary urban co-operative banks.
📰 Source
📅 Originally published:
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