Private sector banks’ deposit growth accelerated by 1.4 percentage points to 13.8 per cent as at end June 2026
FinTech BizNews Service
Mumbai, 31 August, 2026: Today, the Reserve Bank released the web publication ‘Quarterly Basic Statistical Return (BSR)-2 on Deposits with Scheduled Commercial Banks1 – June 20262’ on its ‘Database on Indian Economy’ portal3 (https://data.rbi.org.in Homepage > Publications).
Scheduled commercial banks (SCBs), excluding regional rural banks, report quarterly branch-wise data on type of deposits (current, savings and term), its institutional sector wise ownership, age wise distribution of deposits pertaining to individuals, maturity pattern, size, and interest rate range wise distribution of term deposits as well as number of employees in the ‘Basic Statistical Return’ (BSR) - 2. These data are released at disaggregated level across population groups4, bank groups, states, districts, and centres.
Highlights:
Deposits with SCBs grew by 11.5 per cent year-on-year (y-o-y) as at quarter ended June 2026 as compared to 11.3 per cent a year ago and 11.6 per cent a quarter ago with semi-urban and rural branches outpacing the growth observed at the aggregate level (Chart I).
Private sector banks’ deposit growth accelerated by 1.4 percentage points to 13.8 per cent as at end June 2026, while the growth in deposits held by public sector banks inched up to 10.3 per cent in June 2026 from 10.2 per cent a year ago.
The household sector remained the largest contributor, holding 58.8 per cent of total deposits as at end-June 2026 and accounting for 98.9 per cent of the ‘incremental deposits’ during the quarter.
Term deposits, the primary driver of deposit accumulation, recorded growth of 12.9 per cent in June 2026, outpacing the growth of current deposits (5.3 per cent) and savings deposits (10.6 per cent).
The term deposits – carrying an original maturity of one to three years – accounted for nearly 70.0 per cent of the total term deposits as at June 2026, while the short term deposits with an original maturity period up to one year constituted 20.4 per cent.
The share of term deposits bearing interest rate of less than 7 per cent has increased to more than two thirds of total term deposits as on June 2026 (35.0 per cent a year ago)
The term deposits of size ‘Rs.1 crore and above’ accounted for 47.3 per cent of the total term deposit as at end June 2026, of which 35.7 per cent came from the deposits of size ‘Rs.5 crore and above’.
