India’s scheduled banks showed mixed trends in bank credit and deposits as of July 15, 2026, according to the latest fortnightly data released by the Reserve Bank of India. Total bank credit across all scheduled banks stood at approximately ₹22.25 lakh crore, reflecting a slight dip from the previous fortnight. However, credit levels remain significantly higher compared to the same period last year.
Key Details on Bank Credit and Deposits
All scheduled banks reported total deposits (excluding interbank deposits) of around ₹26.83 lakh crore as on July 15, 2026. This figure is lower than the ₹27.09 lakh crore recorded on June 30, 2026. Additionally, time deposits rose modestly to ₹23.58 lakh crore, showing steady growth in long-term savings. Demand deposits, however, declined to ₹3.25 lakh crore during the same period.
Borrowings from the RBI fell sharply to ₹5,598 crore, compared to ₹1,47,049 crore at the end of June. This suggests that banks required significantly less liquidity support from the central bank in early July. Meanwhile, balances maintained with the RBI also declined to ₹7.78 lakh crore from ₹8.04 lakh crore in the previous fortnight.
Total investments by all scheduled banks reached ₹7.32 lakh crore at book value. Central and state government securities accounted for the bulk of these investments at ₹7.30 lakh crore. As a result, banks continued to maintain a strong preference for sovereign-backed instruments.
What This Bank Credit Data Means for Borrowers
The slight decline in bank credit between June 30 and July 15 is common during mid-fortnight reporting periods. Therefore, analysts should not read this as a sign of credit slowdown. Year-on-year, bank credit has grown substantially, reflecting strong demand from retail and commercial borrowers alike.
Food credit outstanding as of July 15, 2026, stood at ₹1,20,730 crore for scheduled commercial banks. For scheduled co-operative banks, it remained steady at ₹52,074 crore. Additionally, the data covers 119 scheduled commercial banks, 26 scheduled state co-operative banks, and 55 scheduled primary urban co-operative banks. These figures together offer a comprehensive snapshot of India’s banking system health.
Source: RBI Press Releases
