RBI: Deposit Growth Surges, Narrows Credit-Deposit Gap

• RBI Bulletin reveals significant pickup in deposit mobilization during November, easing funding concerns.
• The credit-deposit gap narrowed from 1.5 percentage points in October to 1.3 percentage points by November 28.
• Scheduled commercial banks maintained robust double-digit lending momentum, with credit growth at 11.42% YoY by November 28.
• Bank credit reached Rs 200.11 lakh crore as of November 28, up from Rs 179.59 lakh crore a year earlier.
• Strong credit growth has been sustained since GST rate cuts were announced in early September.

Why It Matters: RBI data confirms narrowing credit-deposit gap as deposit growth accelerates, easing bank funding pressures.