India’s scheduled banks extended credit faster than deposits in the year to Oct. 31, giving a central-bank snapshot of lending growth relative to the funding held in the country’s banking system.
The Reserve Bank of India (RBI) released the statement Nov. 13. It listed bank credit, excluding interbank advances, at ₹23,703,225.02 crore and deposits, excluding deposits from banks, at ₹28,816,080.37 crore for Oct. 31. The release presents rupee balances; the growth rates are calculations from those figures.
The table listed Oct. 31, 2025, balances of ₹19,876,053.65 crore for credit and ₹24,679,734.94 crore for deposits. Comparing those amounts with the latest balances puts credit 19.3% higher and deposits 16.8% higher year over year, based on calculations from the reported figures.
From Oct. 15 to Oct. 31, deposits rose from ₹28,436,892.21 crore to ₹28,816,080.37 crore, while credit moved from ₹23,254,184.51 crore to ₹23,703,225.02 crore. Calculations from those reported balances show gains of 1.3% for deposits and 1.9% for credit. The Oct. 31 deposit total included ₹3,538,961.77 crore in demand deposits and ₹25,277,118.60 crore in time deposits.
The RBI listed ₹29,134 crore in borrowings from the central bank on Oct. 31, compared with ₹630 crore on Oct. 15. A note to the table says repo, term repo and MSF transactions are reflected in the “Borrowings from RBI” entry.
The statement covers 120 scheduled commercial banks, 26 scheduled state co-operative banks and 55 scheduled primary (urban) co-operative banks. Regional rural banks, small finance banks, payments banks and local area banks are included in the scheduled commercial bank category.
The latest figures follow the RBI’s earlier Oct. 15 scheduled-bank snapshot. The bank said annual comparisons will continue to use its earlier fortnight-based reporting convention through the press communiqué for Nov. 30, 2026.
