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Indian banking sector witnesses 13.5% rise in industrial credit growth in February: RBI data
Apr-01-2026

The Reserve Bank of India (RBI) in its latest data has showed that Indian banking sector witnessed a strong rise in industrial credit growth, rising by 13.5 per cent year-on-year (YoY) on the fortnight ending February 28, 2026, compared with 7.5 per cent in the corresponding fortnight of last year. This growth is fueled by higher growth in infrastructure, all engineering, chemicals and chemical products, petroleum, coal products and nuclear fuels and textiles. On industry, it said loans to 'micro and small' and 'medium' industries continued to exhibit double-digit expansion, while credit to large industries also registered higher growth. 

The RBI said the data is based on information collected from 41 select scheduled commercial banks (SCBs), which account for about 95 per cent of the total non-food credit by all commercial banks. It said non-food bank credit grew by 14.3 per cent YoY in the fortnight ended February 28, 2026, compared to 11.1 per cent in the corresponding period last year.  

According to the data, credit to the services sector grew 16.3 per cent YoY, compared with 11.7 per cent growth in the corresponding period of the previous year, supported by higher growth in segments such as banks' credit to 'non-banking financial companies' (NBFCs) and 'commercial real estate'. Credit to personal loans segment grew 15.2 per cent YoY, compared with 11.7 per cent a year ago. Housing continued with steady growth, while segments such as 'vehicle loans' and 'loans against gold jewellery' sustained sharp expansion. It also said credit to agriculture and allied activities saw healthy growth of 12.3 per cent YoY, compared with 11.4 per cent a year ago.  
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