Bank credit to bank deposits in India
India: Bank credit to bank deposits was 72.0% in 2021. ▼ Falling
Bank credit to bank deposits in India, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for bank credit to bank deposits in India is 72.0%, measured in 2021.
The figure is down 2.3% on the previous year and down 5.1% over ten years.
Over the whole period, bank credit to bank deposits in India peaked at 90.9% in 1970 and was at its lowest, 59.9%, in 1998.
That places India 102nd out of 186 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 62 years of available data.
Bank credit to bank deposits in India, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 72.6% | — |
| 1961 | 81.8% | +12.7% |
| 1962 | 84.1% | +2.7% |
| 1963 | 88.6% | +5.5% |
| 1964 | 86.8% | -2.0% |
| 1965 | 87.1% | +0.2% |
| 1966 | 86.7% | -0.4% |
| 1967 | 87.2% | +0.5% |
| 1968 | 88.6% | +1.6% |
| 1969 | 89.4% | +0.9% |
| 1970 | 90.9% | +1.7% |
| 1971 | 88.4% | -2.8% |
| 1972 | 83.5% | -5.6% |
| 1973 | 85.2% | +2.1% |
| 1974 | 85.9% | +0.8% |
| 1975 | 89.8% | +4.6% |
| 1976 | 89.6% | -0.2% |
| 1977 | 84.6% | -5.5% |
| 1978 | 80.7% | -4.7% |
| 1979 | 79.4% | -1.6% |
| 1980 | 79.8% | +0.6% |
| 1981 | 80.4% | +0.7% |
| 1982 | 81.5% | +1.4% |
| 1983 | 81.4% | -0.1% |
| 1984 | 82.6% | +1.5% |
| 1985 | 79.2% | -4.1% |
| 1986 | 77.8% | -1.7% |
| 1987 | 75.1% | -3.6% |
| 1988 | 74.1% | -1.3% |
| 1989 | 78.4% | +5.9% |
| 1990 | 75.0% | -4.4% |
| 1991 | 69.3% | -7.5% |
| 1992 | 69.5% | +0.2% |
| 1993 | 66.7% | -4.1% |
| 1994 | 64.9% | -2.6% |
| 1995 | 67.0% | +3.2% |
| 1996 | 66.7% | -0.4% |
| 1997 | 62.2% | -6.7% |
| 1998 | 59.9% | -3.7% |
| 1999 | 61.7% | +2.9% |
| 2000 | 63.0% | +2.1% |
| 2001 | 60.0% | -4.7% |
| 2002 | 62.1% | +3.5% |
| 2003 | 60.5% | -2.6% |
| 2004 | 67.3% | +11.3% |
| 2005 | 73.4% | +9.1% |
| 2006 | 76.4% | +4.1% |
| 2007 | 74.5% | -2.6% |
| 2008 | 75.3% | +1.2% |
| 2009 | 71.4% | -5.2% |
| 2010 | 76.3% | +6.9% |
| 2011 | 75.8% | -0.6% |
| 2012 | 78.7% | +3.8% |
| 2013 | 77.8% | -1.2% |
| 2014 | 77.2% | -0.7% |
| 2015 | 77.4% | +0.2% |
| 2016 | 70.8% | -8.5% |
| 2017 | 75.4% | +6.5% |
| 2018 | 79.1% | +4.9% |
| 2019 | 76.9% | -2.7% |
| 2020 | 73.7% | -4.2% |
| 2021 | 72.0% | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 85.3% | 72.6% | 89.4% | 10 |
| 1970s | 85.8% | 79.4% | 90.9% | 10 |
| 1980s | 79.0% | 74.1% | 82.6% | 10 |
| 1990s | 66.3% | 59.9% | 75.0% | 10 |
| 2000s | 68.4% | 60.0% | 76.4% | 10 |
| 2010s | 76.5% | 70.8% | 79.1% | 10 |
| 2020s | 72.8% | 72.0% | 73.7% | 2 |
Countries ranked near India
More financial sector data for India
- Net domestic credit (current LCU), per capita 213,661 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 79.06 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.56 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 990.63 million SDR (2025)
- Gold reserves at market value 90.27 billion SDR (2025)
- Reserves excluding gold, foreign exchange 403.72 billion SDR (2025)
- Reserves excluding gold 420.92 billion SDR (2025)
- Total reserves (gold at market value) 511.19 billion SDR (2025)
- Total reserves (gold at national valuation) 502.16 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 343.04 SDR per person (2025)
Frequently asked questions
- What is bank credit to bank deposits in India?
- Bank credit to bank deposits in India was 72.0% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank credit to bank deposits recorded in India?
- The highest recorded value was 90.9% in 1970.
- What is the lowest bank credit to bank deposits recorded in India?
- The lowest recorded value was 59.9% in 1998.
- How does India rank for bank credit to bank deposits?
- India ranks 102nd out of 186 countries with data for 2021.
- Is bank credit to bank deposits rising or falling in India?
- Over the last ten years it is down 5.1%. The long-run trend across the full record is falling.
- Where does this India data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank credit to bank deposits (%). Statizoid updates them automatically from the source API.
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About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); bank deposits (IFS lines 24 and 25).