Document title: Sectoral Deployment of Bank Credit – July 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/999
Date: August 31, 2026
Banking and Credit
The RBI compiled data from 41 selected scheduled commercial banks, representing about 95 % of total non‑food credit extended by all SCBs. For the fortnight ended July 31, 2026, non‑food bank credit expanded 19.1 % year‑on‑year, compared with a 9.9 % increase in the corresponding fortnight of July 2025.
Credit to agriculture and allied activities recorded a year‑on‑year rise of 17.0 %, up from 7.3 % in the same period last year.
Credit to industry grew 20.0 % YoY, markedly higher than the 6.5 % growth recorded a year earlier. Growth was strongest among large and medium‑sized enterprises, while micro and small industries showed steady expansion. Among major industry segments, credit to infrastructure, basic metal and metal products, all engineering, chemical and chemical products, petroleum, coal products and nuclear fuels, and textiles exhibited buoyant year‑on‑year growth.
The services sector saw credit increase by 22.9 % YoY, versus 10.2 % in the prior year, driven by accelerated lending to non‑banking financial companies (NBFCs), trade activities and commercial real‑estate.
Personal‑loan credit rose 16.2 % YoY, compared with 11.9 % a year ago. Within this segment, housing and vehicle loans sustained double‑digit growth, whereas credit‑card outstanding balances and loans against gold jewellery showed a deceleration.
Footnote: With effect from 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, year‑on‑year growth rates from December 2025 onward are based on end‑of‑month data for the current year and the previous‑year data calculated using the earlier definition.
Overall, the July 2026 data indicate a broad acceleration in non‑food credit across agriculture, industry, services and personal‑loan segments, highlighted by especially strong gains in the services sector and large‑scale industry, reflecting heightened credit demand and sectoral buoyancy.