Bank credit growth 19.4%, deposits 17.8% as of September 30: RBI data
Why in the news
The Reserve Bank of India’s Weekly Statistical Supplement (WSS), released on October 9, 2026, showed bank credit and deposits growing far faster than a year earlier as of September 30, 2026.
Key facts
- Bank credit of scheduled commercial banks: Rs 2,29,94,658 crore, up 19.4% year-on-year (11.4% a year ago).
- Aggregate deposits: Rs 2,83,95,693 crore, up 17.8% (9.9% a year ago).
- Non-food credit: Rs 2,28,98,371 crore; food credit was Rs 96,286 crore.
- Money supply (M3): Rs 3,37,66,475 crore, up 16.9% (9.6% a year ago).
| Indicator (Sep 30) | Y-o-Y 2025 | Y-o-Y 2026 |
|---|---|---|
| Bank credit | 11.4% | 19.4% |
| Aggregate deposits | 9.9% | 17.8% |
| M3 | 9.6% | 16.9% |
About the Weekly Statistical Supplement
The WSS is an RBI weekly release that carries data on scheduled commercial banks, money stock, foreign exchange reserves and liquidity operations. Bank business data are reported for fortnights, while forex reserves are reported weekly; the same release put reserves at US$734.6 billion as of October 2, 2026.
Exam angle
- Credit growth (19.4%) is outpacing deposit growth (17.8%), a key point for questions on banking trends.
- M3 growth of 16.9% compares with 9.6% a year earlier.
- Non-food credit forms almost the whole of bank credit; food credit is small.