Scheduled Commercial Banks’ aggregate deposits grew at 10.7% (y-o-y) during FY2024-25, notwithstanding a deceleration in respect of private sector banks (PVBs) and foreign banks (FBs). Growth in term deposits continued to outpace that in current and savings account deposits. As of June 13, 2025, SCBs’ y-o-y deposit growth stood at 10.5%.
SCBs’ credit growth decelerated in 2024-25 across bank groups. Credit growth of public sector banks (PSBs) outpaced that of PVBs during the year, after more than a decade. As of June 13, 2025, y-o-y credit growth of SCBs moderated to 9.6%. Personal loans and service loans continued to remain the top two contributors to the overall credit growth of SCBs
SCBs continued to record improvement in their asset quality, with the GNPA ratio and NNPA ratio declining to multi-decadal lows of 2.3% and 0.5%, respectively, according to RBI’s latest Financial Security Report.
