# Bank deposits shrink as lenders see Rs 2.59 lakh crore withdrawal

> Bank deposits fell by 2.49 lakh crore as credit growth slowed to 18.1% in fortnight ending Sept 15.
- Title: Bank deposits shrink as lenders see Rs 2.59 lakh crore…
- Summary: Bank deposits fell by 2.49 lakh crore as credit growth slowed to 18.1% in fortnight ending Sept 15. Bank deposits contracted by 2.49 lakh crore and credit…
- Keywords: bank deposits, credit growth, reserve bank of india, fortnight, banking sector, deposit contraction, credit contraction, indian banking system, Bank, deposits, shrink, lenders
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/banking/finance/banking/bank-deposits-credit-shrink-in-fortnight-to-september-15/articleshow/134485172.cms
- Author: Atmadip Ray
- Published: 2026-09-25T12:31:00+00:00
- Read time: 1 min
- Topics: bank deposits, credit growth, reserve bank of india, fortnight, banking sector, deposit contraction, credit contraction, indian banking system
## Bank deposits shrink
Bank deposits fell by 2.49 lakh crore to 276.2 lakh crore in the fortnight to September 15.
## Credit growth slows
Credit growth moderated to 18.1% from 19.1% in the fortnight to September 15.
## Outstanding credit contracts
Outstanding credit contracted by 57,894 crore to 223.3 lakh crore in the fortnight.
## Treasury head explains
A treasury head said banks may not renew high-cost bulk deposits as they mature.
## Foreign deposits help
Banks have overseas deposits from the dollar-mobilisation programme to cushion withdrawals.
## Key takeaway

Bank deposits contracted by 2.49 lakh crore and credit growth slowed to 18.1% in the fortnight to September 15.