Deposits and advances of Banks decline in the first fortnight of Oct 2026

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Further, outstanding advances came down ₹2,55,875 crore in the fortnight, possibly reflecting the effects of unwinding of short-term business contracted towards second quarter end

By BL Mumbai Bureau

Updated - October 30, 2026 at 09:40 PM.

While deposit and advances of all scheduled banks declined in the reporting fortnight, the year-on-year growth remains strong at 16.60 per cent and 17.94 per cent, respectively | Photo Credit: Andrii Yalanskyi

Outstanding deposits of all scheduled banks declined ₹5,17,870 crore in the fortnight ended October 15, 2026, on GST outflows and advance tax payments.

Further, outstanding advances came down ₹2,55,875 crore in the fortnight, possibly reflecting the effects of unwinding of short-term business contracted towards second quarter end.

Within outstanding deposits, demand deposits and time deposits declined ₹4,37,032 crore and ₹80,838 crore, respectively.

It may also be pertinent to mention here that the surplus liquidity in the banking system declined from ₹4,37,549 crore as on October 1, 2026, to ₹2,42,482 crore as on October 15, 2026.

While deposit and advances of all scheduled banks declined in the reporting fortnight, the year-on-year growth remains strong at 16.60 per cent and 17.94 per cent, respectively.

Published on October 30, 2026

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