Reserve Bank of India Data Shows Bank Credit Growth of 17.94% Surpassed Deposit Growth of 16.6%

Exam-focused facts from the 30 October 2026 current affairs briefing.

Key facts

Bank credit grew at an annual rate of 17.94% to reach ₹232.54 lakh crore as of October 15, 2026.
Bank deposits grew at 16.6% to stand at ₹284.37 lakh crore as of October 15, 2026.
The higher credit growth is attributed to surplus liquidity, concessional foreign currency deposits, and the festive season in India.
System liquidity in the banking system ranged between ₹2 lakh crore and ₹4.5 lakh crore between October 1 and October 15.
The average daily net absorption under the LAF increased to ₹7.8 lakh crore in September 2026.
Bank investments in central and state government securities rose 9.64% year-on-year to ₹77.32 lakh crore as of October 15, 2026.