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Bank credit grows 19.4% in September; services, NBFC lending lead sectoral growth: RBI

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Bank credit grows 19.4% in September; services, NBFC lending lead sectoral growth: RBI

Bank credit grows 19.4% in September; services, NBFC lending lead sectoral growth: RBI

Bank credit grew 19.4 per cent year-on-year in September 2026, with services credit rising 28.3 per cent and industry credit growing 19.5 per cent, according to RBI data. Lending to NBFCs rose 41.8 per cent, while personal loan growth stood at 17.3 per cent.

Non-food credit grew 19.1 per cent year-on-year in September, against 11.2 per cent a year ago

Services credit rose 28.3 per cent, led by NBFCs, computer software and aviation

Industry credit grew 19.5 per cent, with medium industries rising 33.2 per cent

Personal loans grew 17.3 per cent, while agriculture credit rose 19.5 per cent

Bank credit continued to expand at a strong pace in September, with non-food credit growing 19.1 per cent year-on-year, compared with 11.2 per cent in the corresponding period last year, according to the Reserve Bank of India ’s latest sectoral deployment of bank credit data. Credit to the services sector emerged as the fastest-growing major segment, rising 28.3 per cent year-on-year in September against 9.9 per cent a year earlier. Lending to industry grew 19.5 per cent, while credit to agriculture and allied activities rose 19.5 per cent. Personal loan growth stood at 17.3 per cent. Total outstanding bank credit, including food and non-food credit, stood at around Rs 229.95 lakh crore as of September 30, 2026, registering annual growth of about 19.4 per cent. Advt

53 lakh crore, making it one of the strongest drivers of overall services credit growth.


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