The Reserve Bank of India said non-food bank credit grew 18.3 per cent year-on-year as on the fortnight ended June 30, 2026. In the corresponding fortnight of the previous year, ended June 27, 2025, growth had stood at 9.3 per cent.
The figures were released in RBI’s data on sectoral deployment of bank credit for June 2026. The sectoral data were collected from 41 select scheduled commercial banks. According to the central bank, these banks together account for about 95 per cent of total non-food credit by all scheduled commercial banks.
Industry credit growth rises to 19.2%
Credit to industry recorded year-on-year growth of 19.2 per cent in June 2026. A year earlier, the comparable growth rate was 6.3 per cent.
The RBI said the expansion was broad-based across micro and small, medium, and large industry segments. Among major industries, higher growth was reported in credit to infrastructure, all engineering, food processing, textiles, construction, basic metal and metal products, petroleum, coal products and nuclear fuels, and chemical and chemical products.
Two areas were noted as softer. The central bank said credit growth was marginally subdued in rubber, plastic and their products, and in wood and wood products.
Services sector credit grows 21.4%
Credit to the services sector grew 21.4 per cent year-on-year in June 2026. This was higher than the 8.8 per cent growth recorded in the corresponding fortnight of the previous year.
The RBI said the services sector increase was supported by faster growth in segments such as non-banking financial companies, commercial real estate, and trade.
Services credit is one of the major heads in the sector-wise bank credit data. The RBI release did not provide separate numeric growth rates for each of the named services sub-segments in the text of the highlights.
Agriculture and personal loans also expand
Credit to agriculture and allied activities grew 16.8 per cent year-on-year. In the comparable fortnight of the previous year, growth in this category was 6.8 per cent.
Personal loans rose 15.8 per cent year-on-year, compared with 11.7 per cent a year ago. Within personal loans, the RBI said vehicle loans and housing continued to grow in double digits. Credit card outstanding, however, showed slower growth.
The release did not give separate figures in the highlights for housing loans, vehicle loans, or credit card outstanding. It only described the broad movement across these categories.
What the RBI data covers
The RBI said the sectoral deployment data are based on sector-wise and industry-wise bank credit returns. These data refer to the last reporting fortnight of the month.
The central bank also noted a change in reporting after the Banking Laws (Amendment) Act 2025. With effect from December 31, 2025, the definition of the last reporting fortnight was changed to the last day of the month. Because of this, year-on-year growth rates from December 2025 onward are based on end-of-month data for the current year and the last reporting fortnight, under the earlier definition, for the corresponding month of the previous year.
The RBI added that non-food credit data are based on the Section-42 return, which covers all scheduled commercial banks.
The press release was issued by Ajit Prasad, Deputy General Manager in the RBI’s Communications department, under press release number 2026-2027/789.
Source: Reserve Bank of India Press Releases.