RBI Reports Scheduled Bank Deposits and Credit Totals for Mid-October 2026
The Reserve Bank of India published its fortnightly statement tracking the financial position of scheduled banks as of October 15, 2026. The data shows that total deposits across all scheduled banks stood at ₹28,436,892.20 crore, while total bank credit reached ₹23,254,182.56 crore. Both deposits and lending dipped slightly compared to the previous fortnight ending September 30, 2026, but remain significantly higher than their levels on October 17, 2025. Borrowings from the central bank dropped sharply from ₹6,451.00 crore in late September to ₹630.00 crore in mid-October. For ordinary citizens, these figures show the actual scale of money held in bank accounts and loans handed out across the country. They offer a snapshot of whether cash is staying parked in deposits or moving through lending to individuals, businesses, and government food procurement programs.
What was announced
The Reserve Bank of India released balance sheet numbers for scheduled banks operating in India as of October 15, 2026. The report covers 120 scheduled commercial banks, 26 scheduled state co-operative banks, and 55 scheduled primary urban co-operative banks.
Deposits held by the public and businesses across all scheduled banks came to ₹28,436,892.20 crore. Most of this was in time deposits (fixed-term deposits), which totaled ₹25,076,474.22 crore, while demand deposits (money kept in current or savings accounts that can be withdrawn at any moment) stood at ₹3,360,417.98 crore. Total bank credit stood at ₹23,254,182.56 crore, led by loans, cash credits, and overdrafts totaling ₹22,790,044.99 crore. Bank investments reached ₹7,731,962.11 crore, with ₹7,712,249.61 crore placed in central and state government securities. Food credit outstanding to public procurement agencies reached ₹100,092.68 crore from commercial banks and ₹52,074.00 crore from co-operative banks.
What it means
The release provides an official accounting of banking sector activity. Over the full year from October 17, 2025, to October 15, 2026, bank credit expanded from ₹19,717,390.30 crore to ₹23,254,182.56 crore. Non-bank deposits increased over the same span from ₹24,388,271.73 crore to ₹28,436,892.20 crore.
Looking at the shorter two-week gap between September 30, 2026, and October 15, 2026, both deposits and loans saw minor decreases. Commercial bank borrowings from the Reserve Bank of India fell during this fortnight, dropping from ₹6,451.00 crore to ₹630.00 crore. At the same time, food credit provided by commercial banks rose from ₹96,286.36 crore on September 30 to ₹100,092.68 crore on October 15.
What the announcement does not tell us
The Reserve Bank of India presents these figures purely as an accounting table without explanatory commentary. The release does not state why bank credit or customer deposits decreased between late September and mid-October 2026.
It does not provide data on interest rates, non-performing loans, or individual bank balance sheets. Readers cannot identify from this document which economic sectors borrowed more money, aside from the specific carve-out for food procurement agencies. The announcement also does not detail whether the fall in central bank borrowings reflects general liquidity trends or specific bank repayment actions.
How this was written
This analysis was written with AI from the official announcement below, using only facts that announcement states. The quoted wording is Reserve Bank of India Press Releases’s own. Always check the original before acting on anything here.
(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs, PBs and LABs) ALL SCHEDULED BANKS 17-Oct-2025# 30-Sep-2026 15-Oct-2026 17-Oct-2025# 30-Sep-2026 15-Oct-2026 I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 317219.62 444799.69 409869.12 324279.53 453266.26 417736.16** b) Borrowings from banks 84168.86 79277.98 78959.86 84176.93 79280.16 79060.60 c) Other demand & time liabilities 25736.62 61396.26 59435.83 26238.88 62003.45 60083.04 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 23883215.06 28395079.41 27875909.91 24388271.73 289547
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