Bank credit expands at 19.1% on year, service sector credit growth spikes to 28.3%
Mumbai, Oct. 30 -- Reserve Bank of India or RBI stated today that on a year-on-year (y-o-y) basis, non-food bank credit grew by 19.1 per cent as on the fortnight ended September 30, 2026, compared to 11.2 per cent during the corresponding fortnight of the previous year (i.e., October 03, 2025). Credit to agriculture and allied activities registered a y-o-y growth of 19.5 per cent vis-a-vis 8.9 per cent in the corresponding fortnight of the previous year.
Credit to industry recorded a y-o-y growth of 19.5 per cent (7.7 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 exhibited steady growth. Among major industries, credit to 'in...
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