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Informist, Friday, Sept. 25, 2026

--RBI: Bk loans on Sept 15 down INR 578.94 bln on fortnight

--RBI: Banks' loans as on Sept 15 INR 223.29 tln, up 18.1% YoY 
--CONTEXT: Banks' loans were up 19.1% on year as on Aug 31 

--RBI: Banks' deposits as on Sept 15 down INR 2.49 tln on fortnight 

--RBI: Banks' deposits as on Sept 15 INR 276.23 tln, up 17.3% YoY 
--CONTEXT: Banks' deposits were up 17.8% on year as on Aug 31 

 

MUMBAI – India's bank deposits rose 17.3% on year as on Sept. 15, compared with 17.8% as on Aug. 31, data released by the Reserve Bank of India Friday showed. Last week, deposit growth had hit the fastest pace in at least five years, likely on account of inflows through foreign currency non-resident (banks) deposits under the Reserve Bank of India's special foreign exchange swap window.

 

Deposits slipped by INR 2.49 trillion to INR 276.23 trillion as on Sept. 15. Banks' deposits had risen by a whopping INR 9.40 trillion to INR 278.72 trillion in the second half of August.

 

The RBI had in June announced special measures to attract foreign capital inflows to strengthen the rupee, including a facility to cover the full hedging cost for banks raising fresh three-to-five-year FCNR(B) deposits. Banks mobilised $132.98 billion through FCNR(B) deposits between Jun. 8 and Sept. 18, much higher than initial expectations. The robust response under the special scheme led the RBI in mid-August to advance the closure of the special scheme on Aug. 31 rather than Sept. 30 as originally announced. 

 

On the other hand, banks' loan growth at 18.1% on year as on Sept. 15, against 19.1% in the preceding fortnight. In absolute terms, loans fell by INR 578.94 billion to INR 223.29 trillion in the latest fortnight, compared with a rise of INR 3.80 trillion in the previous fortnight.  End

 

Reported by Vaishali Tyagi 

Edited by Avishek Dutta

 

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