Bank loans up 19.4% and deposits up 17.8% in a year to September 30
On September 30, 2026, banks held ₹284 lakh crore in deposits and had lent ₹230 lakh crore, with loans growing a little faster than deposits over the year.
Official title: Scheduled Banks’ Statement of Position in India as on September 30, 2026 · Press Release 2026-2027/1332
What happened
RBI's routine fortnightly statement for scheduled commercial banks shows deposits from the public of ₹2,83,95,693 crore (about ₹284 lakh crore) on September 30, 2026, up 17.8% from the matching date a year earlier (October 3, 2025). Bank loans stood at ₹2,29,94,658 crore, up 19.4%.
Over the second half of September alone, deposits rose by about ₹7.7 lakh crore and loans by about ₹6.7 lakh crore. Banks lent about ₹81 for every ₹100 of deposits. Their borrowing from RBI was small at ₹6,451 crore, and their holdings of government bonds rose to ₹74.7 lakh crore.
What it means for you
No direct effect. It shows households and firms are borrowing at a fast pace and banks have ample deposits, so loans remain widely available.
What it means for businesses
Credit growth near 19% a year is strong, so lenders are open for business. Banks with loans outpacing deposits may keep fixed deposit rates attractive to fund that growth.
Read the original
Press release on rbi.org.in ↗ Official PDF ↗
This explainer simplifies the official text. If anything here differs from the RBI's release, the release is right.