Brief by Shorts91 Newsdesk / 06:29am on 14 Aug 2026,Friday India
India’s bank deposits grew 15.4% year-on-year by the end of July 2026, marking their fastest expansion in nearly a decade. The surge was driven largely by strong inflows from non-resident Indians, who deposited around $37 billion through foreign-currency accounts after the Reserve Bank of India introduced measures to attract overseas funds. Total inflows under these schemes reached nearly $41 billion by July 31. Meanwhile, bank credit growth also accelerated, reaching 19.4%, supported by stronger corporate demand and lending to micro, small and medium enterprises. The developments indicate improving liquidity and stronger financial activity across India’s banking sector.
