Recent data suggests a worrying macroeconomic reality for India’s already fragile financial sector, which is weighed down by non-performing assets (NPAs), debt, and insolvency issues: deposit growth is lagging behind credit growth rate. In June, bank bank deposits grew at less than 11%, while bank loans rose by around 14%. By August 9, bank deposits had shown a yearly growth of 11.7%, whereas bank loans had grown 18.4%.