MUMBAI, Apr 30 : Bank credit to industry clocked a faster yearly growth of 15 per cent in March, mainly driven by a consistent uptick in advances to large companies, according to the Reserve Bank data released on Thursday.
The RBI has released data on ‘sectoral deployment of bank credit’ for March, collected from 41 select banks, which together account for about 95 per cent of the total non-food credit by all scheduled commercial banks (SCBs).
On a year-on-year basis, non-food bank credit grew by 15.9 per cent as of the fortnight ended March 31, 2026, compared to 10.9 per cent during the corresponding period of the previous year (April 04, 2025), it said.
“Credit to industry recorded a y-o-y growth of 15 per cent (8.2 per cent in the corresponding fortnight of the last year),” the RBI said.
Bank loans to micro, small and medium industries sustained robust expansion, while credit to large industries also strengthened further.
Among major industries, outstanding credit to ‘infrastructure’, ‘all engineering’, ‘basic metal and metal product’, ‘chemical and chemical products’, and ‘petroleum, coal products and nuclear fuels’ marked resilient annual growth, the central bank said.
Further, credit to agriculture and allied activities registered a year-on-year growth of 15.7 per cent compared to 10.4 per cent in the corresponding fortnight of the previous year.
RBI data also showed that credit to the services sector registered a growth rate of 19 per cent (12 per cent in the corresponding fortnight of the previous year), supported by higher growth in segments, such as ‘non-banking financial companies’, ‘trade’ and ‘commercial real estate’.
Also, credit to the personal loans segment recorded a growth of 16.2 per cent compared to 11.7 per cent a year ago.
While segments such as ‘vehicle loans’ and ‘loans against gold jewellery’ sustained robust credit growth, credit to the ‘housing’ segment remained steady. (PTI)
Follow our WhatsApp channel
