New Delhi, May 5 -- The Union finance ministry on Tuesday said India's scheduled commercial banks (SCBs) closed 2025-26 with robust credit growth of 15.9%, up sharply from 10.9% a year ago.

The 497-basis-point expansion reflects sustained economic momentum and rising demand for credit across sectors. Total non-food credit outstanding stood at Rs.212.9 trillion as of March 2026, up by Rs.29.2 trillion from the previous year.

The growth was broad-based, led by the services sector, followed by personal loans, agriculture, and industry, according to the finance ministry statement.

Credit to agriculture and allied activities grew by 15.7%, up from 10.4% in 2024-25, indicating continued strength in rural demand and improved credit flow to th...