Research and Data

The Reserve Bank has launched the 48th round of the quarterly Services and Infrastructure Outlook Survey (SIOS) for the reference period January-March 2026. The survey assesses the business situation for the current quarter (Q4:2025-26) from selected companies in the services and infrastructure sectors in India and their expectations for the ensuing quarter (Q1:2026-27) based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q2:2026-27 and Q3:2026-27) are also covered.

The Reserve Bank has launched the 113th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period January-March 2026. The survey assesses business sentiments for the current quarter (Q4:2025-26) and expectations for the ensuing quarter (Q1:2026-27), based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent quarters (Q2:2026-27 and Q3:2026-27) are also covered.

(Amount in ₹ crore) SCHEDULED COMMERCIAL BANKS (Including RRBs, SFBs and PBs) ALL SCHEDULED BANKS 27-Dec-2024# 15-Dec-2025 31-Dec-2025 27-Dec-2024# 15-Dec-2025 31-Dec-2025 I LIABILITIES TO THE BKG.SYSTEM (A) a) Demand & Time deposits from banks 291575.28 308549.36 337365.07 296174.25 315719.18 344747.49** b) Borrowings from banks 138334.17 83821.58 84013.30 138393.41 83903.92 84138.74 c) Other demand & time liabilities 26605.84 34245.87 32844.28 26928.62 34761.43 33323.55 II LIABILITIES TO OTHERS (A) a) Deposits (other than from banks) 22062591.24 24131870.09 24859857.16 22522348.55 24642171.83 25376795.22 i) Demand 2569572.55 2919952.48 3275197.79 2617452.24 2971583.16 3328280.24 ii) Time 19493018.69 21211917.61 21584659.37 19904896.31 21670588.67 22048514.98 b) Borrowings @ 955100.33 842291.95 825578.41 959774.67 847946.53 830784.11 c) Other demand & time liabilities 996625.80 1283932.29 1060701.99 1009761.24 1299846.30 1076607.31

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Jan. 03 Dec. 26 Jan. 02 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 36637 23359 35042 11683 -1595 * Data are provisional; difference, if any, is due to rounding off.

The Reserve Bank has today released data on Money Supply for the fortnight ended December 31, 2025.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2024 2025 Variation Dec. 27 Dec. 19 Dec. 26 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 21841 32271 23359 -8911 1518 * Data are provisional; difference, if any, is due to rounding off.

Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of December 2025 are set out in Tables 1 to 7. Highlights: Lending Rates: • The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 8.71 per cent in November 2025 (8.61 per cent in October 2025).

The Reserve Bank today released data on India’s invisibles as per the IMF’s Balance of Payments and International Investment Position Manual (BPM6) format for                      July-September of 2025-26.

The value of exports and imports of services during November 2025 are presented in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) July – 2025 33,745 (10.5) 17,296 (8.5) August – 2025 31,196 (2.9) 15,593 (-5.3) September – 2025 36,680 (12.7) 17,845 (7.9) October – 2025 35,167 (2.2) 17,729 (2.9)

The Reserve Bank of India has been regularly conducting Urban Consumer Confidence Survey (UCCS). The January 2026 round of the survey is being launched. The survey seeks qualitative responses from households, regarding their sentiments on general economic situation, employment scenario, price level, households’ income and spending. The survey is conducted regularly in 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar