New Delhi, Aug. 31 -- Bank credit growth accelerated sharply in July 2026, with non-food bank credit rising 19.1 per cent year-on-year as of the fortnight ended July 31, according to data released by the Reserve Bank of India (RBI).

The growth was nearly twice the 9.9 per cent recorded during the corresponding fortnight of the previous year, pointing to a broad-based increase in bank lending across key segments of the economy.

RBI stated, "On a year-on-year (y-o-y) basis, non-food bank credit grew by 19.1 per cent as on the fortnight ended July 31, 2026, compared to 9.9 per cent during the corresponding fortnight of the previous year".

The RBI's sectoral deployment of bank credit data, collected from 41 select scheduled commercial bank...