Kolkata: The banking sector saw a Rs 5.19 lakh crore withdrawal of deposits on a net basis in the fortnight ending October 15, while credit outstanding also contracted by Rs 2.52 lakh crore, Reserve Bank of India (RBI) data showed, The Economic Times reported.

Source: The Economic Times

Accordingly, credit growth slowed to 18.2 per cent from 19.4 per cent in the preceding fortnight, while deposit growth was recorded at 16.7 per cent against 17.8 per cent, the report said. The Hindu BusinessLine listed the figures among its top business headlines on October 26.

Source: The Hindu BusinessLine

Rs 5,19,170 croreNet deposit fall in the fortnight ending Oct 15
Rs 2,52,075 croreFall in bank credit in the same fortnight
Rs 278.76 lakh croreTotal deposits of all banks
Rs 227.43 lakh croreTotal outstanding bank credit
81.59%Credit-deposit ratio at the end of the fortnight

The RBI's Weekly Statistical Supplement (press release 2026-2027/1377) put total deposits of scheduled commercial banks at Rs 27,875,910 crore as of October 15 — down Rs 519,170 crore over the fortnight but up Rs 39,92,695 crore year on year. Bank credit stood at Rs 22,742,777 crore, down Rs 252,075 crore over the fortnight but up Rs 35,07,023 crore year on year.

Source: RBI Weekly Statistical Supplement via Traders Union

Fortnight fall, yearly rise

The fortnight figures are a net fall over two weeks, not a yearly loss. Year on year, deposits are still up by nearly Rs 39.93 lakh crore and credit by about Rs 35.07 lakh crore, RBI data showed.

The broad money supply measure M3 stood at Rs 33,300,300 crore as of October 15, down 1.4 per cent over the fortnight but up 16.0 per cent year on year, pointing to mixed trends in deposits, cash and government borrowing flows across the banking system, according to the RBI data summary.