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Informist, Wednesday, Sept. 30, 2026

 

MUMBAI – As of the fortnight ended Aug. 31, bank credit growth to the agricultural, services and industrial sectors more than doubled from a year ago, according to sectoral deployment of bank credit released by the Reserve Bank of India on Wednesday. Supported by the sharp increase in these sectors, non-food credit growth rose to 18.8% on year at the end of August from 10.2% in the fortnight ended Sept. 5, 2025.

 

Credit growth to agriculture and allied activities accelerated to 17.2% year-on-year in the reporting fortnight, compared with 7.6% growth in the corresponding fortnight a year ago, according to the data. Credit to industry also expanded at a faster pace, registering 18.2% growth year-on-year, against 7.0% a year ago. Lending to large and medium industries gained momentum, while credit growth to micro and small industries remained steady.

 

Among major industries, infrastructure, engineering, basic metals and metal products, chemicals and chemical products, food processing, textiles, construction, and petroleum, coal products and nuclear fuels recorded strong credit growth.

 

Bank credit to the services sector grew 24.3% year-on-year, significantly higher than the 10.3% growth recorded in the corresponding fortnight of the previous year. The expansion was supported by robust growth in lending to non-banking financial companies, trade, professional services and commercial real estate.

 

Credit in the personal loans segment grew 16.9% year-on-year, compared with 11.9% a year ago. Housing and vehicle loans continued to register double-digit growth, while growth in credit card outstanding and loans against gold jewellery moderated, the RBI said.  End

 

Reported by Kabir Sharma

Edited by Avishek Dutta

 

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