 "Over a week after Reserve Bank of India (RBI) governor Shaktikanta Das highlighted persistent gap in deposit and credit growth in a meeting with CEOs of public and private sector banks, two state-run lenders — Bank of Baroda (BoB) and Bank of Maharas")
Even after a cumulative 100 basis points (bps) cut in the policy repo rate between February and June by the Reserve Bank of India (RBI), banks are maintaining their credit growth guidance at 11–13 per cent and deposit growth at 9–10 per cent for the current financial year (FY26). This is similar to the previous year.
They are awaiting the reduction in cash reserve ratio (CRR), which comes in phases, starting from the fortnight beginning September 6, and the festival season loan demand. This is to see if there is a need to revise loan growth projection upward.
Bank officials
