{
  "id": 17217725,
  "title": "Sectoral Deployment of Bank Credit – September 2026",
  "url": "https://urgent.news/2026/10/30/sectoral-deployment-of-bank-credit-september-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T11:40:52.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63891"
  },
  "original_language": "en",
  "account": "In September 2026, bank credit for various sectors saw significant growth compared to the previous year. The overall non-food bank credit increased by 19.1%, rising from 11.2% in the same period of 2025. Agriculture and allied activities recorded a notable 19.5% growth, up from 8.9% y-o-y. Industry credit also experienced a robust 19.5% growth, with an acceleration in the 'large' and 'medium' sectors while 'micro and small' industries showed steady progress. Major industries, including 'infrastructure', 'basic metal and metal products', 'engineering', 'chemicals', 'food processing', and 'textiles', witnessed buoyant credit growth. The services sector registered a remarkable 28.3% y-o-y growth, driven by sectors like 'NBFCs', 'trade', 'commercial real estate', 'transport', and 'professional services'. Personal loan credit grew by 17.3%, higher than the 11.5% growth in the previous year, while fixed deposit advances and education loans saw deceleration, albeit still strong.",
  "summary": "Data on sectoral deployment of bank credit for the month of September 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 September 30, 2026, compared to…",
  "key_points": [
    "Bank credit for various sectors grew 19.1% in September 2026.",
    "Agriculture credit increased 19.5%, industry credit rose 19.5%.",
    "Services sector saw 28.3% year-over-year growth."
  ],
  "editors_take": "The rapid acceleration in credit across agriculture, industry, and services signals a broad-based expansion of bank lending that prioritizes commercial and professional sectors over individual consumer debt.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}