Bank credit growth outpaces deposits by 17.94 percent as festive demand picks up Bank credit expanded significantly, reaching 232.54 lakh crore by mid-October 2026, showing strong growth of 17.94 percent. In contrast, bank deposits increased to Rs 284.37 lakh crore, marking an increase of 16.60%. This growth is fueled by the increase in liquidity in the banking system and the demand for the holiday season. In addition, the commercial banks saw an increase of 9.64% in the government securities, for a total amount of 77.32 lakh crore rupees.