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Bank credit to industry registers 15.1% growth in April: RBI
Jun-01-2026

The Reserve Bank of India (RBI) in its latest data has showed that bank credit to industry recorded a year-on-year (y-o-y) growth of 15.1 per cent by the end of April 2026, sharply higher than 7 per cent growth recorded in the year-ago period. Non-food bank credit accelerated 15.8 per cent y-o-y in the fortnight ended April 30, 2026, as compared to 9.8 per cent during the corresponding fortnight of the previous year (May 02, 2025). Credit to agriculture and allied activities registered a year-on-year growth of 13.7 per cent as against 9.2 per cent in the corresponding fortnight of the previous year. 

On advances to industry, the RBI said while credit to micro and small and large industries grew at accelerated pace, medium industries exhibited steady growth on y-o-y basis. Among major industries, outstanding credit to infrastructure; basic metal and metal product; all engineering; petroleum; coal products and nuclear fuels; and chemical and chemical products marked higher year-on-year growth. However, it said construction; textiles; and rubber, plastic and their products segments witnessed marginally subdued credit growth.

According to the data, the services sector led the expansion, with credit growth of 18.6 per cent y-o-y as on April 30, 2026 as compared to 10.1 per cent in the corresponding fortnight of the previous year, supported by robust growth in segments such as non-banking financial companies, commercial real estate, trade and professional services. Further, credit to personal loans segment also maintained strong momentum, recording a 16 per cent year-on-year growth as against 11.9 per cent a year ago. While segments such as vehicle loans and housing sustained robust credit growth, credit card outstanding moderated.


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