Sectoral Deployment of Bank Credit – July 2026
Data on sectoral deployment of bank credit for the month of July 2026, collected from 41 select scheduled commercial banks (SCBs) which together account for about 95 per cent of the total non-food credit by all SCBs 1 , are set out in Statements I and II . On a year-on-year (y-o-y) basis, non-food bank credit 2 grew by 19.1 per cent as on the fortnight ended July 31, 2026, compared to 9.9 per…
The July 2026 sectoral deployment of bank credit, collected from 41 select scheduled commercial banks (SCBs) representing about 95% of total non-food credit, shows a strong growth trend. Non-food bank credit increased by 19.1% year-on-year, compared to 9.9% in the same period last year. Agriculture and allied activities saw a 17.0% growth, versus 7.3% previously.
Industry credit grew by 20.0%, up from 6.5% the prior fortnight. Major industries like infrastructure, basic metal and metal products, and engineering recorded robust y-o-y growth, as did the services sector at 22.9% (up from 10.2% last year). Services credit growth was driven by NBFCs, trade, and commercial real estate. Personal loans rose 16.2%, while housing and vehicle loans maintained double-digit growth, but credit card and gold jewellery loans slowed down.
The new definition of the last reporting fortnight, effective December 31, 2025, now uses the last day of the month for end-of-month data.
Written by urgent.news from Reserve Bank of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
