Money
Latest RBI weekly data highlights steady credit expansion in scheduled commercial banks alongside robust foreign exchange reserves holding above $726 billion.
Key points
- Scheduled commercial bank credit grew by 11.4% so far in the financial year 2026-27.
- Aggregate deposits expanded by 9.9% over the same financial year period.
- Total foreign exchange reserves stood at ₹7,022,417 crore or approximately $726,027 million as of October 9, 2026.
- Broad money supply (M3) recorded a year-on-year growth of 16.9% to reach ₹33,766,475 crore.
The Reserve Bank of India released its weekly statistical supplement, offering a comprehensive look at the health of the country’s banking sector, money stock, and foreign exchange reserves. The central bank figures indicate steady credit expansion across scheduled commercial banks, matching robust deposit mobilisation as economic activity continues through the financial year.
According to the Reserve Bank of India data, total bank credit expanded by 11.4% so far in the 2026-27 financial year, reaching ₹22,994,658 crore as of September 30, 2026. Non-food credit remained the primary driver of this lending momentum, registering substantial growth and underscoring sustained credit demand from retail and industrial borrowers.
Deposit Growth and Money Supply Trends
Aggregate deposits with scheduled commercial banks rose by 9.9% during the same financial year period, totaling ₹28,395,693 crore. Time deposits continued to capture the lion’s share of savers’ capital, expanding at a faster pace compared to demand deposits. Meanwhile, broad money supply (M3) climbed to ₹33,766,475 crore, reflecting a year-on-year expansion of 16.9%.
- Scheduled commercial bank credit outstanding: ₹22,994,658 crore
- Aggregate deposits outstanding: ₹28,395,693 crore
- Total foreign exchange reserves: $726,027 million
- Broad money supply (M3) outstanding: ₹33,766,475 crore
Foreign Exchange Reserves Position
The Reserve Bank of India reported that total foreign exchange reserves stood at ₹7,022,417 crore, equivalent to $726,027 million, as of October 9, 2026. Foreign currency assets, which form the largest component of the reserves, stood at $597,605 million. Gold reserves accounted for $105,094 million, while Special Drawing Rights and reserve positions in the International Monetary Fund made up the remainder of the external buffer.
What this means for investors
For Indian investors, the latest Reserve Bank of India weekly data provides crucial insights into liquidity conditions and credit off-take within the domestic economy. Robust credit growth generally signals healthy corporate expansion and consumer borrowing, which can positively influence earnings prospects for banking and financial sector stocks listed on the NSE and BSE.
At the same time, strong deposit growth indicates that banks have adequate funding pools to support ongoing lending without facing immediate liquidity squeezes. Monitoring these weekly monetary indicators helps market participants gauge systemic liquidity, credit-deposit ratios, and potential shifts in central bank policy stance going forward.
Frequently asked questions
What does the RBI weekly statistical supplement cover? It provides detailed, provisional figures on bank deposits, credit growth, money supply components, foreign exchange reserves, and central bank liquidity operations.
Why is bank credit growth important for markets? Credit growth is a key indicator of economic momentum, showing how actively businesses and consumers are borrowing from commercial banks.
This article is for information only and is not investment advice. Do your own research or consult a licensed adviser before investing.
Based on information published by Reserve Bank of India (RBI). Source: Reserve Bank of India (RBI). Spotted an error? corrections@moneypuran.com
