India’s banking system witnessed steady growth in deposits and credit by the end of April 2026, while scheduled cooperative banks maintained stable food credit exposure and continued their role within the broader banking ecosystem, according to the latest RBI data on Scheduled Banks’ Statement of Position in India.
Deposits of all scheduled banks rose to Rs 2,64,00,015.79 crore as on April 30, 2026, compared to Rs 2,35,26,245.41 crore a year earlier. Total bank credit also increased to Rs 2,17,24,926.78 crore from Rs 1,87,52,419.76 crore during the same period.
The data showed that Scheduled Co-operative Banks continued to contribute to food procurement financing. Food credit outstanding of Scheduled Co-operative Banks stood at Rs 52,074 crore as on April 30, 2026, remaining broadly stable compared to Rs 51,972.66 crore a year ago.
RBI data further noted that India had 25 Scheduled State Co-operative Banks and 51 Scheduled Primary (Urban) Co-operative Banks during the current fortnight, alongside 120 Scheduled Commercial Banks.
The statement reflects the continued participation of cooperative banks in priority sectors such as agricultural and food procurement financing, even as commercial banks recorded stronger overall growth in deposits and advances.
