**Executive Summary**
This press release from the Reserve Bank of India, dated January 30, 2026, presents data on the sectoral deployment of bank credit for December 2025. The data is collected from 41 select scheduled commercial banks (SCBs). It highlights year-on-year growth in non-food bank credit and provides details of credit deployment across various sectors.
**Key Points / Main Content**
* **Overall Credit Growth:**
* Non-food bank credit grew by 14.4% year-on-year (y-o-y) as on the fortnight ended December 31, 2025, compared to 11.1% for the corresponding period in 2024.
* **Sector-Specific Credit Growth:**
* Agriculture and allied activities: Registered a y-o-y growth of 12.1%.
* Industry: Recorded a y-o-y growth of 13.3%. "Micro and Small" showed sharp acceleration, while "Medium" industries continued to show robust expansion. Large industries saw an increase in credit.
* 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.
* Services Sector: Registered a growth rate of 15.3% y-o-y. Supported by higher growth in segments such as ‘non-banking financial companies' (NBFCs), ‘trade' and 'commercial real estate'.
* Personal Loans: Recorded a y-o-y growth of 14.4%. Vehicle loans and loans against gold jewelry sustained robust credit growth. Housing witnessed steady growth while 'credit card outstanding' growth decreased.
**Impact Analysis**
**Stakeholders:** Scheduled Commercial Banks (SCBs)
* **Impact**: SCBs are responsible for reporting the data used in this analysis.
* **Action Required**: SCBs need to be aware of the change in the definition of the reporting fortnight, effective December 31, 2025, under the Banking Laws (Amendment) Act 2025. The y-o-y growth rates from December 2025 onwards are based on end-of-month data.
**Stakeholders:** Economy and Financial Analysts
* **Impact**: Provides insight into the flow of credit to different sectors of the economy.
* **Action Required**: Track trends in credit deployment to different sectors, especially industry and services, to inform economic forecasts and investment decisions.
**Stakeholders:** Policymakers
* **Impact**: Provides data to inform policy decisions related to credit and economic growth.
* **Action Required**: Monitor the growth of credit to various sectors to ensure that credit is flowing to productive sectors of the economy and that overall credit growth is consistent with macroeconomic stability.
Key Entities Referenced
Scheduled Commercial Banks (SCBs): Key financial institutions whose sectoral deployment of bank credit is analyzed in the document.
Reserve Bank of India: The issuing authority of this press release.
Banking Laws (Amendment) Act 2025: The Act that changed the definition of last reporting fortnight from December 31, 2025.
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).