Bank Credit to Services Sector Surges 28.3% in September, Industry and Agriculture Grow 19.5%: RBI
New Delhi, Oct. 31 -- Bank lending to India's services, industrial and agricultural sectors accelerated in September 2026, with services credit growing 28.3 per cent and industrial and agricultural credit both expanding 19.5 per cent year-on-year (YoY), according to data released by the Reserve Bank of India (RBI) on Friday.
Overall non-food bank credit grew 19.1 per cent YoY as of September 30, compared with 11.2 per cent in the corresponding period last year.
According to the RBI's Sectoral Deployment of Bank Credit data released on Friday, services sector lending increased from 9.9 per cent growth a year earlier, supported by strong credit expansion to non-banking financial companies (NBFCs), trade, commercial real estate, transport ...
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