According to the Reserve Bank of India, non-food bank credit grew by 19.1 per cent on a year-on-year basis as on the fortnight ended September 30, 2026. This compares with a growth of 11.2 per cent during the corresponding fortnight of the previous year. The data is collected from 41 select scheduled commercial banks that account for about 95 per cent of total non-food credit.
Credit to agriculture and allied activities registered a year-on-year growth of 19.5 per cent, up from 8.9 per cent previously. Credit to industry also recorded a 19.5 per cent growth, compared to 7.7 per cent last year, with accelerated growth in large and medium industries. The services sector saw a growth of 28.3 per cent, supported by segments such as non-banking financial companies, trade, and commercial real estate.
In the personal loans segment, credit grew by 17.3 per cent compared with 11.5 per cent a year ago. Housing and vehicle loans remained resilient, while advances against fixed deposits accelerated. Growth in loans against gold jewellery and education decelerated while remaining strong, according to the RBI.
What it means
- Non-food bank credit grew by 19.1 per cent year-on-year as on the fortnight ended September 30, 2026.
- Credit to agriculture and allied activities registered a year-on-year growth of 19.5 per cent.
- Credit to industry recorded a year-on-year growth of 19.5 per cent.
Source
Reserve Bank of India, “Sectoral Deployment of Bank Credit – September 2026” dated 30 October 2026. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
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