According to the Reserve Bank of India (RBI), bank credit growth has slowed to 14.88% year-on-year for the fortnight ending April 15, down from 15.96% in the prior period. Total bank credit now stands at ₹214 lakh crore, reflecting a contraction of 2.06% or ₹4.51 lakh crore compared to the previous fortnight. This slowdown follows a peak in credit growth as banks rushed to meet financial year-end targets, which had resulted in a surge in lending activity. Despite this recent decline, bank credit has maintained double-digit growth for over seven months, indicating a sustained demand for loans from both retail and corporate sectors, driven by improving economic conditions. Additionally, bank deposits grew by 12.12% year-on-year, totaling ₹261.88 lakh crore. Investments in government securities also saw an increase, rising to ₹70.64 lakh crore from ₹68.49 lakh crore a year earlier.