Econvitals IndiaMoney & banking
What is RBI's policy stance, where are money-market rates, and how fast are bank credit and deposits growing? The policy repo rate is 5.50% (28 Oct 2026); bank credit grew 18.2% on a year earlier in the fortnight to 15 Oct 2026.
New: MPC Speak, a hawk–dove reading of each MPC member's statement in the minutes.
Policy corridor and the call rate
Per cent; the call rate (WACR) normally trades between the SDF floor and the MSF ceiling
Week-ended values from RBI's Weekly Statistical Supplement, plus daily readings of RBI's home page since 28 Oct 2026.
Bank credit and deposits
Bank credit and deposit growth, as published
Scheduled commercial banks, % change on a year earlier
Outstanding
₹ lakh crore, scheduled commercial banks
RBI notes that these data include the effect of a non-bank merging into a bank, which lifts year-on-year growth; see the note in the WSS table.
Rates, recent weeks
| Per cent, week ended | 18 Sep 2026 | 25 Sep 2026 | 2 Oct 2026 | 9 Oct 2026 | 16 Oct 2026 | 28 Oct 2026 |
|---|---|---|---|---|---|---|
| Repo rate | 5.25 | 5.25 | 5.25 | 5.50 | 5.50 | 5.50 |
| SDF rate | 5.00 | 5.00 | 5.00 | 5.25 | 5.25 | 5.25 |
| MSF rate | 5.50 | 5.50 | 5.50 | 5.75 | 5.75 | 5.75 |
| CRR | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| SLR | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 |
| Call rate (WACR) | 5.05 | 5.19 | 5.12 | 5.23 | 5.56 | – |
| 91-day T-bill (weekly) | 5.28 | 5.39 | 5.52 | 5.57 | 5.73 | – |
| 182-day T-bill | 5.75 | 5.82 | 5.96 | 6.10 | 6.29 | – |
| 364-day T-bill | 6.04 | 6.09 | 6.18 | 6.29 | 6.49 | – |
| 10-yr par yield (FBIL) | 7.08 | 7.14 | 7.23 | 7.37 | 7.40 | – |
MPC Speak
How hawkish is the MPC?
Average tone of the six members' statements in the minutes; above zero leans hawkish, below zero dovish
An original measure on Econvitals India: phrase counts in each member's statement in the RBI minutes. Member by member, and how the score works →
Still to come on this page
LAF liquidity, sectoral credit, money supply (M3), a table of MPC decisions and vote splits. Checklist: docs/guidebook/05-pages/money-banking.md.