**Executive Summary**
This press release, dated January 30, 2026, from the Reserve Bank of India, presents data on the sectoral deployment of bank credit for December 2025. The data is collected from 41 select scheduled commercial banks (SCBs). The release highlights year-on-year growth in non-food bank credit and provides specific growth rates for various sectors.
**Key Points / Main Content**
* **Overall Credit Growth:**
* Non-food bank credit grew by 14.4% year-on-year as of the fortnight ended December 31, 2025, compared to 11.1% in the corresponding period of the previous year (December 27, 2024).
* **Sectoral Growth:**
* **Agriculture:** Credit to agriculture and allied activities registered a year-on-year growth of 12.1%.
* **Industry:** Credit to industry recorded a year-on-year growth of 13.3%.
* Credit to 'Micro and Small' industries showed sharp acceleration in growth, and 'Medium' industries continued to exhibit robust expansion. Credit to large industries also picked up.
* Outstanding credit to specific industries, including 'infrastructure', 'all engineering', 'basic metal and metal products', 'chemical and chemical products, ‘textiles', and 'petroleum, coal products and nuclear fuels' registered resilient year-on-year growth.
* **Services:** Credit to the services sector grew by 15.3% year-on-year.
* Growth was supported by segments such as ‘non-banking financial companies' (NBFCs), ‘trade’ and 'commercial real estate'.
* **Personal Loans:** Credit to personal loans segment grew by 14.4% year-on-year.
* 'Vehicle loans' and 'loans against gold jewellery' sustained robust credit growth, 'housing' witnessed steady growth, while 'credit card outstanding' growth decreased.
**Impact Analysis**
**Scheduled Commercial Banks (SCBs)**
* **Impact:** The document reflects the performance and distribution of their lending activities across various sectors.
* **Action Required:** SCBs should review their sectoral credit deployment strategies in light of the reported growth rates to align with market trends and regulatory priorities.
**Borrowers (Agriculture, Industry, Service Sector, Personal Loan Recipients)**
* **Impact:** Provides insight into the availability and cost of credit within their respective sectors.
* **Action Required:** Borrowers can use this information to understand prevailing credit conditions and make informed decisions about their borrowing needs and investment plans.
**Reserve Bank of India (RBI)**
* **Impact:** Informs the RBI's understanding of credit dynamics in the Indian economy, contributing to policy formulation and monitoring.
* **Action Required:** The RBI can use this data to refine its monetary policy and regulatory interventions, promoting balanced and sustainable economic growth.
Key Entities Referenced
Scheduled Commercial Banks (SCBs): Banks from which data on sectoral deployment of bank credit are collected.
Banking Laws (Amendment) Act 2025: Act that changed the definition of the last reporting fortnight.
Reserve Bank of India: The issuing authority for the press release on sectoral deployment of bank credit.
Sectoral Deployment of Bank Credit: Refers to the distribution of bank loans across various sectors of the economy.
Mumbai: Location of the Department of Communication, Central Office.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय �रज़वर् बैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, केंद्रीय कायार्लय, शहीद भगत िसंह मागर्, फोटर्, मुंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
January 30, 2026
Sectoral Deployment of Bank Credit – December 2025
Data on sectoral deployment of bank credit for the month of December 2025, collected from
41 select scheduled commercial banks (SCBs) which together account for about 95 per cent
of the total non-food credit by all SCBs,1 are set out in Statements I and II.
On a year-on-year (y-o-y) basis, non-food bank credit2 grew by 14.4 per cent as on the
fortnight ended December 31, 2025, compared to 11.1 per cent during the corresponding
fortnight of the previous year (i.e., December 27, 2024).
Highlights of the sectoral deployment of bank credit as on the fortnight ended December
31, 2025, are given below:
• Credit to agriculture and allied activities registered a y-o-y growth of 12.1 per cent (12.5
per cent in the corresponding fortnight of the previous year).
• Credit to industry recorded a y-o-y growth of 13.3 per cent, compared with 7.5 per cent
in the corresponding fortnight of last year. While credit to ‘Micro and Small’ showed
sharp acceleration in growth, ‘Medium’ industries continued to exhibit robust expansion.
Credit to large industries also picked up. Among major industries, outstanding credit to
‘infrastructure’, ‘all engineering’, ‘basic metal and metal products’, ‘chemical and
chemical products, ‘textiles’ and ‘petroleum, coal products and nuclear fuels’ registered
resilient y-o-y growth.
• Credit to services sector registered a growth rate of 15.3 per cent y-o-y (11.5 per cent in
the corresponding fortnight of the previous year), supported by higher. growth in
segments such as ‘non-banking financial companies’ (NBFCs), ‘trade’ and ‘commercial
real estate’.
• Credit to personal loans segment recorded a y-o-y growth of 14.4 per cent, as compared
with 12.0 per cent a year ago. While segments such as ‘vehicle loans’ and ‘loans against
gold jewellery’ sustained robust credit growth, ‘housing’ witnessed steady growth while
‘credit card outstanding’ growth decreased.
Ajit Prasad
Press Release: 2025-2026/2019 Deputy General Manager
(Communications)
1Data pertain to the last reporting fortnight of the month, based on sector-wise and industry-wise bank credit
(SIBC) return. With effect from December 31, 2025, definition of last reporting fortnight has been changed to
the last day of the month under the Banking Laws (Amendment) Act 2025. Accordingly, the y-o-y growth
rates from December 2025 onwards are based on end-of-month data for the current year and data for the
last reporting fortnight (as per old definition) for the corresponding month of the previous year.
2Non-food credit data are based on Section-42 return which covers all scheduled commercial banks (SCBs).