Credit to industry recorded a y-o-y growth of 18.2 per cent (7.0 per cent in the corresponding fortnight of last year).
FinTech BizNews Service
Mumbai, 30 September, 2026: Data on sectoral deployment of bank credit for the month of August 2026, collected from 41 select scheduled commercial banks (SCBs), together account for about 95 per cent of the total non-food credit by all SCBs.
On a year-on-year (y-o-y) basis, non-food bank credit2 grew by 18.8 per cent as on the fortnight ended August 31, 2026, compared to 10.2 per cent during the corresponding fortnight of the previous year (i.e., September 5, 2025).
Highlights of the sectoral deployment of bank credit as on the fortnight ended August 31, 2026, are given below:
Credit to agriculture and allied activities registered a y-o-y growth of 17.2 per cent vis-a-vis 7.6 per cent in the corresponding fortnight of the previous year.
Credit to industry recorded a y-o-y growth of 18.2 per cent (7.0 per cent in the corresponding fortnight of last year). While credit to ‘large’ and ‘medium’ industries grew at an accelerated pace, ‘micro and small’ industries sustained steady expansion. Among major industries, credit to ‘infrastructure’, ‘all engineering’, ‘basic metal and metal products’, ‘chemical and chemical products’, ‘food processing’, ‘textiles’, ‘construction’ and ‘petroleum, coal products and nuclear fuels’ exhibited buoyant y-o-y growth.
Credit to services sector registered a y-o-y growth of 24.3 per cent (10.3 per cent in the corresponding fortnight of the previous year), supported by robust growth in segments such as ‘non-banking financial companies’ (NBFCs), ‘trade’, ‘professional services’ and ‘commercial real estate’.
Credit to personal loans segment recorded a y-o-y growth of 16.9 per cent, as compared with 11.9 per cent a year ago. While segments such as ‘housing’ and ‘vehicle loans’ sustained double-digit growth, ‘credit card outstanding’ and ‘loans against gold jewellery’ decelerated.
