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Credit Surge Continues: CD Ratio Hits Record High
6 Mar
Summary
- Credit-deposit ratio held at a record 82.5% for four fortnights ending Feb 15, 2026.
- Bank credit grew 13.7% year-on-year, totaling Rs 204.3 trillion as of Feb 15, 2026.
- Deposits grew 10.9% year-on-year, reaching Rs 247.7 trillion by Feb 15, 2026.
As of February 15, 2026, the credit-deposit ratio for banks has remained at a record-breaking 82.5% for the fourth consecutive fortnight. This sustained high level underscores a period of strong credit demand and lending activity.
During the fortnight ending February 15, 2026, total bank credit reached Rs 204.3 trillion, reflecting a significant year-on-year growth of 13.7%. This uptick was propelled by consistent momentum in lending to retail customers and small businesses, increased engagement with non-banking financial companies, and a moderate improvement in infrastructure financing.
In parallel, bank deposits grew year-on-year by 10.9%, totaling Rs 247.7 trillion as of the same date. While deposit growth was robust, credit offtake continued to expand at a faster pace, widening the gap between credit and deposits by 281 basis points. This trend indicates a dynamic financial landscape with strong credit utilization.
