Bank credit growth rebounds to 9.62% in June after 3 yr low in May
Mumbai: Bank credit growth showed signs of recovery, rising 9.62% year-on-year to ₹183.14 lakh crore as of June 13, according to the Reserve Bank of India’s latest fortnightly data released on Friday.
On a fortnightly basis, credit expanded by 0.15%.
This comes after credit growth had dropped to a three-year low of 8.97% at the end of May. Analysts had noted that the slowdown may have bottomed out and forecast a rebound to 12–13% growth in FY26 (Apr–Mar).
Meanwhile, deposit growth continued to outpace credit. Deposits rose 10.3% year-on-year to ₹230.7 lakh crore as of June 13.
However, they fell by 0.44% compared to the previous fortnight.
As of end-May, deposits had grown 9.89% annually.
Investments by banks also declined marginally by 0.23% fortnight-on-fortnight to ₹66.91 lakh crore, although they were up 7.38% on a yearly basis.
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