Mumbai, May 5 -- The domestic banking sector recorded strong credit growth in FY26, with non-food credit (NFC) rising 15.9 per cent year-on-year, supported by broad-based growth across key segments, according to a report by ICICI Bank.

The report noted that outstanding non-food credit stood at around Rs 213 trillion as of March 31, 2026, with growth accelerating to above 16 per cent YoY.

Non-food credit is basically all the money banks lend to everyone except for the government's food procurement agencies. Think of it as the everyday credit that keeps the economy moving. It is divided into four main areas including, Personal Loans, Business/Industrial Loans, Agriculture Loans, and Services loans.

The report mentioned that retail lendin...