New Delhi, Jan. 12 -- The banking system in the country has recorded a robust expansion over the last two decades, with total deposits and advances rising sharply, highlighting the growing scale and depth of financial intermediation in the country, according to a report by the State Bank of India (SBI).

The report noted that during the period from FY05 to FY25, bank deposits increased significantly from Rs 18.4 lakh crore to Rs 241.5 lakh crore. At the same time, bank advances rose from Rs 11.5 lakh crore to Rs 191.2 lakh crore, reflecting strong credit growth over the years.

It stated, "During FY05 to FY25, Deposits increased from Rs 18.4 lakh crore to Rs 241.5 lakh crore, Advances increase from Rs 11.5 lakh crore to Rs 191.2 lakh cror...