Indian Bank Deposits Reach Record High, Jumping $115 Billion in Six Weeks

Banking

13 August 2026 at 7:11 pm

Indian Bank Deposits Reach Record High, Jumping $115 Billion in Six Weeks

HyperFast News

Summary

Indian banking system deposits have reached a record high, increasing by $115 billion over three fortnights, primarily due to significant dollar inflows from a central bank scheme. The Reserve Bank of India's foreign-currency non-resident scheme attracted substantial foreign currency deposits, boosting overall banking system deposits.

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