Reserve Bank of India (RBI) in its latest data showed that growth in bank credit to industry moderated to 7.3 per cent in September 2025, as compared with 8.9 per cent in the corresponding period last year. On a year-on-year basis, non-food bank credit grew 10.2 per cent as on the fortnight ended September 19, 2025, compared to 13 per cent during the corresponding fortnight of the previous year (September 20, 2024). Credit to 'micro and small' and 'medium' industries continued to grow in double-digits.
The data showed that among major industries, outstanding credit to 'all engineering', 'infrastructure', 'textiles', and 'vehicles, vehicle parts and transport equipment' recorded buoyant year-on-year growth. Further, credit to agriculture and allied activities registered a year-on-year growth of 9 per cent (16.4 per cent in the corresponding fortnight of the previous year). Advances to services sector registered a growth rate of 10.2 per cent year-on-year.
It said growth in credit to non-banking financial companies (NBFCs) decelerated, though segments such as tourism, hotels and restaurants, computer software, and commercial real estate witnessed robust growth. It said credit to personal loans segment recorded a decelerated year-on-year growth of 11.7 per cent, as compared with 13.4 per cent a year ago, largely due to moderation in growth of other personal loans, vehicle loans, and credit card outstanding.
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