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% |
India compared with similar countries
- India's 72.0% is above the median for lower middle income countries, which is 69.5%, 1.0× the median. (46 countries reporting)
- India's 72.0% is below the median for South Asia, which is 79.7%, 90% of the median. (6 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.26 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.8 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.38 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.2 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.26 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.8 % change on previous year (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.
Download this data
CSV · JSON — 62 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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).