India's Credit-Deposit (CD) ratio has risen to 82% as of December 2025, indicating strong economic growth and financial deepening, according to an SBI Research report. The ratio has climbed from 53% in 2000-01, with credit growth outpacing deposit mobilization, leading banks to raise funds from other sources. While this signifies increased credit demand and a post-pandemic balance sheet revival, the report also flags potential risks from elevated CD ratios, including strained liquidity and increased reliance on market funding, particularly noting a sharp rise in unsecured lending.