CareEdge Rating reports India’s credit-to-deposit ratio remains under 80% as lending growth trails deposit inflows. As of July 25, 2025, total credit grew 10.0% year-on-year to Rs 185.0 lakh crore, while deposits increased 10.2% to Rs 233.5 lakh crore. The slower growth in both credit and deposits, attributed to base effects and alternative investments, keeps the ratio below 80%.