24.04.202611:30:00UTC+00India’s Bank Deposit Growth Cools to 12.2%, Signalling Mild Liquidity Moderation

India’s banking system recorded a slowdown in deposit growth, with the latest figure easing to 12.2% from a previous reading of 13.5%, according to data updated on 24 April 2026.

The moderation in deposit expansion suggests a gradual softening in the pace at which savings are flowing into the banking sector. While still reflecting double-digit growth, the decline from the earlier 13.5% level may point to changing household savings behavior or shifting preferences toward alternative investment avenues.

This cooling in deposit growth will be watched closely by markets and policymakers, as it can influence banks’ funding conditions, their capacity to support credit expansion, and the broader liquidity backdrop in the Indian financial system.