Metro cities recorded contraction in deposit and credit growth of scheduled commercial banks in H1 FY26

Preferences of households across India, regarding management of finances are shifting, according to a State Bank of India (SBI) Research report titled ‘Indian Banking Sector: A Trend Analysis’.The report pointed out that “in metros, the growth of incremental deposits in scheduled commercial banks (SCB) in first half of FY26 (April-September), contracted by 34 per cent to ₹3.4 lakh crore year-on-year (y-o-y) and credit growth contracted by 14 per cent to ₹ 3.6 lakh crore y-o-y, while there is a significant j ...