Document title: Sectoral Deployment of Bank Credit – May 2026
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/575
Date: 30 June 2026
Banking and Credit
The RBI press release (Ref 2026-2027/575) dated 30 June 2026 presents sectoral deployment of bank credit for May 2026, based on data from 41 selected scheduled commercial banks covering about 95 % of total non‑food credit.
Non‑food bank credit increased 17.4 % year‑on‑year (YoY) in the fortnight ended 31 May 2026, compared with 8.8 % YoY in the same fortnight of 2025.
Credit to agriculture and allied activities grew 14.9 % YoY, versus 7.5 % YoY a year earlier.
Credit to industry expanded 17.5 % YoY, up from 5.3 % YoY in the prior year. Growth was robust across micro‑small and medium enterprises, while large enterprises recorded accelerated expansion. Among major industry categories, infrastructure, all engineering, textile, construction, petroleum, coal products and nuclear fuels, and chemical and chemical products posted buoyant YoY growth, whereas rubber, plastic and wood products showed marginally subdued growth.
The services sector saw a 20.4 % YoY increase in credit, compared with 8.4 % YoY in the corresponding fortnight of 2025. The acceleration was driven by higher lending to non‑banking financial companies (NBFCs), commercial real estate and trade activities.
Personal loan credit rose 15.4 % YoY, above the 11.1 % growth recorded a year earlier. Vehicle loans and housing loans continued to grow steadily, while the growth rate of credit‑card outstanding decelerated.
The data pertain to the last reporting fortnight of the month, based on sector‑wise and industry‑wise bank credit (SIBC) returns. Effective 31 December 2025, the definition of the last reporting fortnight was changed to the last day of the month under the Banking Laws (Amendment) Act 2025; consequently, YoY growth rates from December 2025 onward are calculated using end‑of‑month data for the current year and the previous‑year last‑reporting‑fortnight data.
Overall, the May 2026 figures indicate a marked acceleration in non‑food credit across agriculture, industry and services, reflecting heightened demand and lending activity in key sectors of the economy.