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Informist, Wednesday, Dec. 31, 2025

NEW DELHI – Bank credit to industry grew 9.6% on year to INR 42.19 trillion as of Nov. 28, up from an 8.3% a year ago, data released by the Reserve Bank of India Wednesday showed. This was slower than the overall growth in non-food loans, which were up 11.4% on year to INR 194.48 trillion as of Nov. 28.

Credit to micro and small industries were up nearly 25% on year while loans to medium industries rose 15.7% on year. However, credit to large industries grew only 4.6% on year as of Nov. 28, down from 6.4% a year ago.

Loan growth to the services sector fell to 11.7% on year as of Nov. 28 from 12.8% a year ago, the RBI data showed. Outstanding loans to the services sector were INR 53.60 trillion, of which INR 17.23 trillion were to non-bank financial companies alone. Meanwhile, loan growth to agriculture and allied activities fell to 8.7% from 15.3% a year ago, with the total outstanding INR 24.17 trillion as of Nov. 28.

Personal loans from banks were up 12.8% on year at INR 64.86 trillion as of Nov. 28, slowing from 13.4% a year ago. "While segments such as 'vehicle loans' and 'loans against gold jewellery' sustained steady credit growth, 'housing' and 'credit card outstanding' witnessed moderation," the RBI said.  End

Reported by Aaryan Khanna

Edited by Akul Nishant Akhoury

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