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The Economic Times

Economy / The Economic Times

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Indian bank deposits jump by $115 billion over three fortnights to record high

Indian banking system deposits have reached a record high after recent significant growth. This surge is primarily supported by dollar inflows into banks from a central bank scheme. The Reserve Bank of India's foreign-currency non-resident scheme attracted substantial foreign currency deposits. These inflows have helped boost overall banking system deposits to a new record level. Credit conditions are expected to remain strong as deposit growth continues.

13 Aug 2026 4:32 pm