RBI reports declines in bank credit and foreign reserves as of April 2026.
RBI Reports Decline in Bank Credit and Foreign Reserves in April
RBI reports declines in bank credit and foreign reserves as of April 2026.
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RBI Reports Decline in Bank Credit and Foreign Reserves · NewsDarpan AI
The Reserve Bank of India (RBI) released its latest Weekly Statistical Supplement on May 1, 2026, highlighting key financial indicators as of April 24, 2026. The report reveals a decline in both bank credit and foreign exchange reserves during the period.
Bank credit in India stood at ₹20,921,084 crore as of April 15, 2026, reflecting a fortnightly drop of ₹438,864 crore. This marks a year-on-year growth of 15%, but the fortnightly decline indicates short-term contraction in lending activity. Non-food credit, a major component, also saw a reduction of ₹437,082 crore over the fortnight.
India's foreign exchange reserves totaled ₹65,82,387 crore (US$698.49 billion) as of April 24, 2026, down ₹47,758 crore (US$4.82 billion) from the previous week. The decline was primarily driven by a reduction in foreign currency assets and gold reserves, which fell by ₹47,227 crore and ₹1,662 crore, respectively.
Aggregate deposits in scheduled commercial banks also decreased by ₹581,447 crore over the fortnight ending April 15, 2026, with demand deposits accounting for a significant portion of the decline. However, time deposits showed a modest increase, indicating a shift in depositor preferences.
The data underscores the challenges in liquidity and credit flow in the Indian economy, even as year-on-year growth figures remain robust. The RBI continues to monitor these trends closely to ensure financial stability.
Source: Reserve Bank of India press release, Fri, 01 May 2026 17:00:00. http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62668