Overview
India's outstanding loans grew 16% YoY to Rs 213.6T in March 2026, while non-cash retail transactions surged 22% month-on-month to Rs 107.6T. 1Lattice's data, featured in ETBFSI, tracks the BFSI sector's steady credit and digital payments momentum.
India's BFSI sector maintained steady credit momentum in March 2026, with overall outstanding loans across scheduled banks expanding 16% year-on-year to Rs 213.6T, up from Rs 207.5T in February. Deposits grew 13% YoY to Rs 262.3T. Non-cash retail transactions rose sharply to Rs 107.6T, a 22% sequential jump and 16% YoY growth, according to 1Lattice data. NEFT remained the largest contributor at Rs 56.6T, while UPI rebounded to Rs 29.5T from Rs 26.8T in February. These insights, tracked and compiled by 1Lattice, were featured in ETBFSI, reflecting 1Lattice's ongoing role in decoding credit growth and digital payment trends across India's banking landscape.