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Informist, Friday, Jan. 30, 2026

MUMBAI – Bank credit to industry grew 13.3% on year to INR 44.13 trillion as of Dec. 31, higher than the growth of 8.1% a year ago, data released by the Reserve Bank of India Friday showed. Overall, non-food loans rose 56.7% on year to INR 879.72 billion as of Dec. 31.

Credit extended to micro and small industries was up 31% on year while loans to medium industries rose over 30% on year. Credit to large industries grew only 7.5% on year as of Dec. 31, but was higher than the growth of 5.5% a year ago.

Loans to the services sector rose 15.3% on year as of Dec. 31 compared with a rise of 11.5% a year ago, the RBI data showed. Outstanding loans to the services sector were INR 56.54 trillion, of which INR 18.65 trillion were to non-bank financial companies alone. Loan growth to agriculture and allied activities rose 14.2% against 12.7% a year ago, with the total outstanding at INR 25.55 trillion as of Dec. 31.

Personal loans extended by banks were up 14.4% on year at INR 66.48 trillion as of Dec. 31, compared with a rise of 12% a year ago. "While segments such as 'vehicle loans' and 'loans against gold jewellery' sustained robust credit growth, 'housing' witnessed steady growth while 'credit card outstanding' growth decreased," the RBI said.  End

Reported by J. Navya Sruthi

Edited by Ashish Shirke

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