Published Paper Details:

Banking is vital in India for promoting economic growth by channelling savings into investments, offering important financial services such as loans and payments, enhancing financial inclusion, assuring effective money management, and facilitating both domestic and international trade. The banking sector supports economic stability and growth by providing funds to businesses and individuals, thereby stimulating spending, investment, and overall economic activity. This study aims to analyse the regional growth of credit and deposits among scheduled commercial banks in India and to assess the impact of rising credit and deposits on the nation's economic growth. The gathered data were analysed using basic percentage growth, and to examine the relationship between credit growth, deposit growth, and their impact on economic growth, the study employed the Lenior regression model. Augmenting credit facilities will result in enhanced overall economic development. Consequently, the null hypothesis, which posits a positive correlation between bank credit and GDP growth, has been substantiated. Consequently, scheduled commercial banks must increase deposit mobilization and provide lending services to society to facilitate economic growth.