Banks' loan growth slows from 26-mo high, falls to 18.3% YoY as on Aug 15
This story was originally published at 20:30 IST on 28 August 2026
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--RBI: Banks' loans as on Aug 15 down INR 706.39 bln on fortnight
--RBI: Banks' loans as on Aug 15 INR 220.08 tln, up 18.3% YoY
--CONTEXT: Banks' loans were up 19.3% on year as on Jul 31
--RBI: Banks' deposits as on Aug 15 down INR 65.34 bln on fortnight
--RBI: Banks' deposits as on Aug 15 INR 269.31 tln, up 14.7% YoY
--CONTEXT: Banks' deposits were up 15.4% YoY as on Jul 31
MUMBAI – India's bank loan growth slowed to 18.3% on year as on Aug. 15 from a 26-month high of 19.3% as on Jul. 31, according to data released by the Reserve Bank of India Friday. Banks' loans fell INR 706.39 billion in the first half of August to INR 220.08 trillion, the data showed.
Bank deposits declined INR 65.34 billion over the fortnight to INR 269.31 trillion as on Aug. 15. The annualised deposit growth also fell to 14.7% from a 15.4% growth as on Jul. 31. End
Reported by Meera Nair and Aaryan Khanna
Edited by Himanshi Gupta
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