The loan growth continued to remain subdued at 9.5% year-on year for the fortnight ended June 27 while the rise in bank deposits at 10.1% outpaced the credit advancement, data released by the Reserve Bank of India on Friday showed. Analysts at HSBC believe that weak corporate credit demand and low deposit growth would keep FY26 credit growth muted. On a fortnightly basis, deposits were up 1.54% and stood at Rs 234.26 lakh crore, while loans grew 0.92% and stood at Rs 184.83 lakh crore. Bank investments were up 8.75% on year to Rs 66.96 lakh crore as on June 27. Loan disbursements have got off to a sluggish start this fiscal, with the non-food credit growth for the banking system moderating to an anaemic 8.8% YoY in May, from 9.9% in April 25.