Credit growth at 12% beats 10% deposit rise in April-Jan

Data from the Reserve Bank of India showed aggregate deposits grew 10.2% in the financial year to Jan 31, with banks adding Rs 23 lakh crore. Credit expanded faster, rising 12.2% or Rs 22.3 lakh crore over the same period. In the year-ago period, deposits had grown 8.1% and credit 8.7%.On a year-on-year basis, credit growth accelerated to 19-month high of 14.6% as of end-Jan 2026, compared with 11.4% a year earlier, while deposit growth improved to 12.5% from 10.3%. The sustained gap underscores that credit ...