Scheduled Commercial Banks (SCBs) Record Robust Credit Growth of 15.9% in FY 2025-26, Reflecting Strong Economic Activity and Credit Demand

Agriculture and Allied Sector Credit Growth Accelerates to 15.7% in FY 2025–26, up from 10.4% a year ago, reflecting Sustained Rural Demand and Improved Credit Flow Industrial Credit Expands to 15% in FY 2025–26 as compared to 8.2% in the previous year, driven by Strong Momentum in MSME Lending Services Sector Credit Growth Rises to 19%, up from 12% last year, with Notable Growth in NBFCs, Trade and Commercial Real Estate Segments Personal Loans Grew by 16.2%, an increase from 11.7% in the previous year, with Strong Demand for Vehicle and Gold-Backed Loans and Steady Housing Credit Posted On: 05 MAY 2026 3:26PM by PIB Delhi The Financial year 2025-26 ended with robust year-on-year (y-o-y) non-food credit growth of 15.9% * , marking a significant 497 basis points (bps) increase in growth from the corresponding period in 2025 (10.9%). The aggregate credit outstanding in Mar-2026 reached ₹212.9 lakh crore, ₹29.2 lakh crore higher than the previous year. Amidst a low-interest rate environment, Government aided Capex cycle supported by timely structural reforms, private investments are crowding-in and boosting domestic credit demand, reinstating confidence among corporate as well as individual borrowers on Indian economy. Credit growth in FY 2025-26 has been broad-based led by services sector, followed by personal loan segment, agriculture and allied activities, and industry. Sectoral Credit Deployment &ndash; Highlights: Sectoral Credit Deployment (y-o-y growth in %) Agriculture and Allied Activities: Credit growth in this sector accelerated to 15.7%, 528 bps higher than 10.4% growth registered previous year, reflecting reinforced support for the farm sector. Sustained rural demand and formalization of rural credit has been attributing to the positive momentum in primary sector credit offtake in FY2025-26. Industrial Sector: Credit deployment to the industrial sector expanded at almost double rate to 15.0%, vis-&agrave;-vis 8.2% growth registered last year. With a 33.1% y-o-y growth, ‘Micro and Small’ industries registered a 3.7 times higher credit growth in FY2025-26. Similar positive trends are witnessed for medium-scale industries where credit expanded by 21.7% y-o-y. Key drivers of industrial credit are: Infrastructure, Basic Metal and Metal Products, Chemicals and Chemical Products, Petroleum, Coal Products, and Nuclear Fuels etc. Services Sector: Services sector credit, that contributes 28% to the overall credit, recorded a robust expansion of 19.0% y-o-y (compared to 12.0% recorded during the same period last year). The surge was primarily driven by high demand from segments like Non-Banking Financial Companies, trade, and commercial real estate. Personal Loans Segment: The personal loan segment with 33% share in overall credit, expanded by 16.2% in FY 2025-26, 455 bps higher than credit growth (11.7%) registered a year ago. Growth remained steady in the housing segment, while vehicle loans and loans against gold jewellery continued to show strong momentum. Robust credit growth demonstrates the resilient domestic economic environment and envisages enhanced appetite for credit across sectors of the Indian economy. Strong credit growth results in corporates and individuals availing credit facilities for business expansion and acquiring durable goods, further accelerating industrial activity by additional capacity building through investment in fixed assets, generating more employment opportunities. Against the challenging global backdrop surrounded by geo-economic fragmentation and geo-political pressures, the Indian economy has shown remarkable resilience and has been consistently the fastest growing major economies in the world. Indian banking sector, the primary engine of economic growth is at best of its health with a well-capitalized balance sheet, historically low impaired assets and sustained profitability, augments the growth potentials of the economy. The persistent government effort in democratizing and formalizing credit has been resulting in broad based credit growth in the economy. *(Y-o-Y growth is calculated based on credit offtake as on Apr 4, 2025 against Mar 31, 2026. With effect from December 31, 2025, definition of last reporting fortnight has been changed to the last day of the month under the Banking Laws (Amendment) Act 2025. Accordingly, the y-o-y growth rates from December 2025 onwards are based on end-of-month data for the current year and data for the last reporting fortnight (as per old definition) for the corresponding month of the previous year) ***** AD (Release ID: 2258009) Visitor Counter : 1836 Read this release in: Bengali , Urdu , हिन्दी , Marathi , Gujarati , Telugu Ministry of Finance Scheduled Commercial Banks (SCBs) Record Robust Credit Growth of 15.9% in FY 2025-26, Reflecting Strong Economic Activity and Credit Demand Agriculture and Allied Sector Credit Growth Accelerates to 15.7% in FY 2025–26, up from 10.4% a year ago, reflecting Sustained Rural Demand and Improved Credit Flow Industrial Credit Expands to 15% in FY 2025–26 as compared to 8.2% in the previous year, driven by Strong Momentum in MSME Lending Services Sector Credit Growth Rises to 19%, up from 12% last year, with Notable Growth in NBFCs, Trade and Commercial Real Estate Segments Personal Loans Grew by 16.2%, an increase from 11.7% in the previous year, with Strong Demand for Vehicle and Gold-Backed Loans and Steady Housing Credit Posted On: 05 MAY 2026 3:26PM by PIB Delhi The Financial year 2025-26 ended with robust year-on-year (y-o-y) non-food credit growth of 15.9% * , marking a significant 497 basis points (bps) increase in growth from the corresponding period in 2025 (10.9%). The aggregate credit outstanding in Mar-2026 reached ₹212.9 lakh crore, ₹29.2 lakh crore higher than the previous year. Amidst a low-interest rate environment, Government aided Capex cycle supported by timely structural reforms, private investments are crowding-in and boosting domestic credit demand, reinstating confidence among corporate as well as individual borrowers on Indian economy. Credit growth in FY 2025-26 has been broad-based led by services sector, followed by personal loan segment, agriculture and allied activities, and industry. Sectoral Credit Deployment &ndash; Highlights: Sectoral Credit Deployment (y-o-y growth in %) Agriculture and Allied Activities: Credit growth in this sector accelerated to 15.7%, 528 bps higher than 10.4% growth registered previous year, reflecting reinforced support for the farm sector. Sustained rural demand and formalization of rural credit has been attributing to the positive momentum in primary sector credit offtake in FY2025-26. Industrial Sector: Credit deployment to the industrial sector expanded at almost double rate to 15.0%, vis-&agrave;-vis 8.2% growth registered last year. With a 33.1% y-o-y growth, ‘Micro and Small’ industries registered a 3.7 times higher credit growth in FY2025-26. Similar positive trends are witnessed for medium-scale industries where credit expanded by 21.7% y-o-y. Key drivers of industrial credit are: Infrastructure, Basic Metal and Metal Products, Chemicals and Chemical Products, Petroleum, Coal Products, and Nuclear Fuels etc. Services Sector: Services sector credit, that contributes 28% to the overall credit, recorded a robust expansion of 19.0% y-o-y (compared to 12.0% recorded during the same period last year). The surge was primarily driven by high demand from segments like Non-Banking Financial Companies, trade, and commercial real estate. Personal Loans Segment: The personal loan segment with 33% share in overall credit, expanded by 16.2% in FY 2025-26, 455 bps higher than credit growth (11.7%) registered a year ago. Growth remained steady in the housing segment, while vehicle loans and loans against gold jewellery continued to show strong momentum. Robust credit growth demonstrates the resilient domestic economic environment and envisages enhanced appetite for credit across sectors of the Indian economy. Strong credit growth results in corporates and individuals availing credit facilities for business expansion and acquiring durable goods, further accelerating industrial activity by additional capacity building through investment in fixed assets, generating more employment opportunities. Against the challenging global backdrop surrounded by geo-economic fragmentation and geo-political pressures, the Indian economy has shown remarkable resilience and has been consistently the fastest growing major economies in the world. Indian banking sector, the primary engine of economic growth is at best of its health with a well-capitalized balance sheet, historically low impaired assets and sustained profitability, augments the growth potentials of the economy. The persistent government effort in democratizing and formalizing credit has been resulting in broad based credit growth in the economy. *(Y-o-Y growth is calculated based on credit offtake as on Apr 4, 2025 against Mar 31, 2026. With effect from December 31, 2025, definition of last reporting fortnight has been changed to the last day of the month under the Banking Laws (Amendment) Act 2025. Accordingly, the y-o-y growth rates from December 2025 onwards are based on end-of-month data for the current year and data for the last reporting fortnight (as per old definition) for the corresponding month of the previous year) ***** AD (Release ID: 2258009) Agriculture and Allied Sector Credit Growth Accelerates to 15.7% in FY 2025–26, up from 10.4% a year ago, reflecting Sustained Rural Demand and Improved Credit Flow<br/><br/>Industrial Credit Expands to 15% in FY 2025–26 as compared to 8.2% in the previous year, driven by Strong Momentum in MSME Lending<br/><br/>Services Sector Credit Growth Rises to 19%, up from 12% last year, with Notable Growth in NBFCs, Trade and Commercial Real Estate Segments<br/><br/>Personal Loans Grew by 16.2%, an increase from 11.7% in the previous year, with Strong Demand for Vehicle and Gold-Backed Loans and Steady Housing Credit" /> <span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">The Financial year 2025-26 ended with robust year-on-year (y-o-y) non-food credit growth of 15.9% *, marking a significant 497 basis points (bps) increase in growth from the corresponding period in 2025 (10.9%). The aggregate credit outstanding in Mar-2026 reached ₹212.9 lakh crore, ₹29.2 lakh crore higher than the previous year.&nbsp; &nbsp;</span></span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">Amidst a low-interest rate environment, Government aided Capex cycle supported by timely structural reforms, private investments are crowding-in and boosting domestic credit demand, reinstating confidence among corporate as well as individual borrowers on Indian economy.</span></span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">Credit growth in FY 2025-26 has been broad-based led by services sector, followed by personal loan segment, agriculture and allied activities, and industry.</span></span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong>Sectoral Credit Deployment &ndash; Highlights:</strong></span></span></p> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">Sectoral Credit Deployment (y-o-y growth in %)<br /> <img src="https://static.pib.gov.in/WriteReadData/userfiles/image/image0019GFM.png" style="height:232px; width:602px" /></span></span></p> <ul style="margin-left:40px"> <li style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">Agriculture and Allied Activities: Credit growth in this sector accelerated to 15.7%, 528 bps higher than 10.4% growth registered previous year, reflecting reinforced support for the farm sector. Sustained rural demand and formalization of rural credit has been attributing to the positive momentum in primary sector credit offtake in FY2025-26.</span></span></li> <li style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">Industrial Sector: Credit deployment to the industrial sector expanded at almost double rate to 15.0%, vis-&agrave;-vis 8.2% growth registered last year. With a 33.1% y-o-y growth, ‘Micro and Small’ industries registered a 3.7 times higher credit growth in FY2025-26. Similar positive trends are witnessed for medium-scale industries where credit expanded by 21.7% y-o-y. Key drivers of industrial credit are: Infrastructure, Basic Metal and Metal Products, Chemicals and Chemical Products, Petroleum, Coal Products, and Nuclear Fuels etc.</span></span></li> <li style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">Services Sector: Services sector credit, that contributes 28% to the overall credit, recorded a robust expansion of 19.0% y-o-y (compared to 12.0% recorded during the same period last year). The surge was primarily driven by high demand from segments like Non-Banking Financial Companies, trade, and commercial real estate.</span></span></li> <li style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">Personal Loans Segment: The personal loan segment with 33% share in overall credit, expanded by 16.2% in FY 2025-26, 455 bps higher than credit growth (11.7%) registered a year ago. Growth remained steady in the housing segment, while vehicle loans and loans against gold jewellery continued to show strong momentum.</span></span></li> </ul> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">Robust credit growth demonstrates the resilient domestic economic environment and envisages enhanced appetite for credit across sectors of the Indian economy. Strong credit growth results in corporates and individuals availing credit facilities for business expansion and acquiring durable goods, further accelerating industrial activity by additional capacity building through investment in fixed assets, generating more employment opportunities.&nbsp; </span></span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">Against the challenging global backdrop surrounded by geo-economic fragmentation and geo-political pressures, the Indian economy has shown remarkable resilience and has been consistently the fastest growing major economies in the world. </span></span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">Indian banking sector, the primary engine of economic growth is at best of its health with a well-capitalized balance sheet, historically low impaired assets and sustained profitability, augments the growth potentials of the economy. The persistent government effort in democratizing and formalizing credit has been resulting in broad based credit growth in the economy.&nbsp; </span></span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><em>*(Y-o-Y growth is calculated based on credit offtake as on Apr 4, 2025 against Mar 31, 2026. With effect from December 31, 2025, definition of last reporting fortnight has been changed to the last day of the month under the Banking Laws (Amendment) Act 2025. Accordingly, the y-o-y growth rates from December 2025 onwards are based on end-of-month data for the current year and data for the last reporting fortnight (as per old definition) for the corresponding month of the previous year)</em></span></span></p> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">*****</span></span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong>AD</strong></span></span></p> " /> var mPlayer = document.getElementById("background_music"); var mPlayAction = document.getElementById("playbutton"); var isPlaying = false; function playAudio() { mPlayer.play(); isPlaying = true; document.getElementById('stopA').style.display = "block"; document.getElementById('playA').style.display = "none"; } function pauseAudio() { mPlayer.pause(); isPlaying = false; document.getElementById('playA').style.display = "block"; document.getElementById('stopA').style.display = "none"; } //function HandleAudio() { // if (isPlaying == true) { // //Playing already Pause it // pauseAudio(); // } else { // //Play the music // playAudio(); // } //} var synth = window.speechSynthesis; function CleanHtml(html) { html = html.replace(/ /gi, ''); return html; } function stripHtml(html) { let tmp = document.createElement("DIV"); tmp.innerHTML = CleanHtml(html); return tmp.textContent || tmp.innerText || ""; } $(document).ready(function () { //for responsive tables $("table").each(function () { if (!$(this).closest(".table-responsive").length) { $(this).wrap(" "); } }); var width = $(window).width(); if (width $(document).ready(function () { var width = $(window).width(); if (width @media print { .sticky-social, .sticky-social_mb, .pull-right, #printPDF { display: none !important; } } .f_vl { padding-right: 30px; font-size: 17px; cursor: pointer; } .log_oo { // width: 20%; display: flex; justify-content: space-between; } .log_oo img { width: 150px; /*width: 100%; height: auto;*/ } .sticky-social_mb { position: fixed; bottom: 0px; padding: 0px; margin: 0px; width: 100%; } .social_mb { list-style: none; display: flex; width: 100%; margin-bottom: -8px; } .social_mb a { padding: 8px 0px; font-size: 30px; transition: all 0.8s ease-in-out; width: 20% !important; text-align: center; } .section1 { position: relative; padding: 10px 0px; width: 100%; } .sticky-social { position: fixed; top: 20px; left: 0px; padding: 0px; margin: 0px; } .social { list-style: none; } .social a li { padding: 8px 12px; font-size: 25px; transition: all 0.8s ease-in-out; } .social a li:hover { margin-right: -30px; box-shadow: 2px 5px 10px grey; } .social a li:hover .fa { margin-left: 20px; } .fb_b { /* background-color: rgb(59, 89, 152);*/ background-color: rgba(65,103,178,255); } .twitter_r { /* background-color: rgb(29, 161, 242);*/ background-color: #000000; } .whatsapp_r { /* background-color: rgb(77, 194, 71);*/ background-color: rgba(13,191,67,255); } .fa-envelope_r { /* background-color: rgb(219, 68, 55);*/ background-color: #e2123d; } .fa-linkedin_r { background-color: rgb(0, 119, 181); } @media only screen and (max-device-width: 767px) { p span img { max-width: 90% !important; height: auto !important; } p img { max-width: 90% !important; height: auto !important; } h2 { font-size: 20px !important; font-weight: 600 !important; } h3 { font-size: 18px !important; font-weight: 600 !important; } } /* === Film Roll Badge Styling(IFFI2025 countdown) === */ .film-roll-badge { position: absolute; top:82%; right: 20px; width: 230px; height: 70px; background: repeating-linear-gradient( to right, #9a2375 0px, #9a2375 18px, #6e2b8b 18px, #6e2b8b 36px ); border-top: 8px solid #9a2375; border-bottom: 8px solid #9a2375; border-radius: 8px; overflow: hidden; box-shadow: 0 4px 12px rgba(0, 0, 0, 0.4); animation: moveFilm 8s linear infinite; z-index: 10; } /* film sprocket holes */ .film-roll-badge::before, .film-roll-badge::after { content: ""; position: absolute; width: 100%; height: 10px; background: repeating-linear-gradient( to right, #9a2375 0px, #9a2375 10px, #fff 10px, #fff 20px ); left: 0; z-index: 2; } .film-roll-badge::before { top: -4px; } .film-roll-badge::after { bottom: -4px; } .film-roll-inner { position: relative; height: 100%; display: flex; align-items: center; justify-content: center; animation: flicker 2s infinite ease-in-out; } .countdown-text { font-size: 1.3rem; font-weight: 700; color: #fff; text-shadow: 0 0 6px rgba(255, 255, 255, 0.4), 0 0 10px #000; white-space: nowrap; } /* === Animations === */ @keyframes moveFilm { 0% { background-position: 0 0; } 100% { background-position: 120px 0; } } @keyframes flicker { 0%, 100% { opacity: 1; } 50% { opacity: 0.9; } 25% { opacity: 0.95; } 75% { opacity: 0.85; } } /* === Responsive Adjustments === */ @media (max-width: 1500px) { .film-roll-badge { top: 68%; right: 18px; /* width: 220px; */ height: 65px; font-size: 0.85rem; } .press-section { margin-top: 35px; } } @media (max-width: 992px) { .film-roll-badge { top: 52%; right: 10px; width: 200px; height: 60px; } } @media (max-width: 768px) { .film-roll-badge { top: 56%; right: 10px; width: 124px; height: 55px; } .countdown-text { font-size: 0.9rem; } } @media (max-width: 576px) { .film-roll-badge { top: 59%; right: 5px; /* width: 160px; */ height: 50px; } .countdown-text { font-size: 0.85rem; } } const festivalStart = new Date("2025-11-20T00:00:00").getTime(); const festivalEnd = new Date("2025-11-28T23:59:59").getTime(); const countdownElement = document.getElementById("countdown"); const interval = setInterval(() => { const now = new Date().getTime(); // BEFORE FESTIVAL — show days + hours left if (now = festivalStart && now el.style.width = "350px"); clearInterval(interval); } }, 1000); //