**Executive Summary**
This press release from the Reserve Bank of India, dated December 31, 2025, provides insights into the sectoral deployment of bank credit for November 2025. It analyses data collected from 41 select scheduled commercial banks (SCBs), covering approximately 95% of the total non-food credit by all SCBs. The key highlight is the year-on-year growth in non-food bank credit.
**Key Points / Main Content**
* **Overall Non-Food Credit Growth:**
* Non-food bank credit grew by 11.4% year-on-year (y-o-y) as on November 28, 2025, compared to 10.6% for the same period last year (November 29, 2024).
* **Sectoral Credit Deployment:**
* **Agriculture and Allied Activities:** Registered y-o-y growth of 8.7% (15.3% in the corresponding fortnight of the previous year).
* **Industry:** Recorded y-o-y growth of 9.6%, compared to 8.3% in the previous year's fortnight. Micro, Small, and Medium industries showed double-digit expansion. Infrastructure, all engineering, textiles, petroleum, coal products, and nuclear fuels sectors showed buoyant y-o-y growth.
* **Services:** Registered a y-o-y growth rate of 11.7% (12.8% in the corresponding fortnight of the previous year). NBFCs and computer software segments improved. Trade and commercial real estate registered healthy growth but with marginal deceleration.
* **Personal Loans:** Recorded y-o-y growth of 12.8%, compared to 13.4% a year ago. Vehicle loans and loans against gold jewellery sustained steady credit growth, while housing and credit card outstanding moderated.
**Impact Analysis**
**Scheduled Commercial Banks (SCBs)**
* **Impact:** SCBs are the source of the data and are subject to the trends outlined in the release.
* **Action Required:** SCBs need to be aware of the trends in sectoral credit deployment to inform their lending strategies and risk management.
**Various Industries (Agriculture, Manufacturing, Services, Personal Loans)**
* **Impact:** Each sector benefits or is hindered by the changes in credit availability and cost.
* **Action Required:** Monitor credit flow to inform strategic decisions, adjust operations to reflect the trends described in the release.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking sector and issuing currency.
Sectoral Deployment of Bank Credit – November 2025: A report providing data on the distribution of bank credit across various sectors of the Indian economy for November 2025.
Scheduled Commercial Banks (SCBs): Banks in India that are listed in the Second Schedule of the Reserve Bank of India Act, 1934.
Statements I and II: Appendices to the Sectoral Deployment of Bank Credit report containing detailed data.
Mumbai: Location of the Department of Communication, Central Office of Reserve Bank of India.
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
December 31, 2025
Sectoral Deployment of Bank Credit – November 2025
Data on sectoral deployment of bank credit for the month1 of November 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, are set out in Statements I and II.
On a year-on-year (y-o-y) basis, non-food bank credit2 grew3 by 11.4 per cent as on the
fortnight ended November 28, 2025, compared to 10.6 per cent during the corresponding
fortnight of the previous year (i.e., November 29, 2024).
Highlights of the sectoral deployment of bank credit3 as on the fortnight ended
November 28, 2025, are given below:
• Credit to agriculture and allied activities registered a y-o-y growth of 8.7 per cent (15.3
per cent in the corresponding fortnight of the previous year).
• Credit to industry recorded a y-o-y growth of 9.6 per cent, compared with 8.3 per cent
in the corresponding fortnight of last year. Credit to ‘Micro and Small’ and ‘Medium’
industries continued to exhibit double-digit expansion. Among major industries,
outstanding credit to ‘infrastructure’, ‘all engineering’, ‘textiles’ and ‘petroleum, coal
products and nuclear fuels’ registered buoyant y-o-y growth.
• Credit to services sector registered a growth rate of 11.7 per cent y-o-y (12.8 per cent
in the corresponding fortnight of the previous year). Growth in segments such as ‘non-
banking financial companies’ (NBFCs) and ‘computer software’ improved. Segments
such as ‘trade’ and ‘commercial real estate’ also registered healthy growth, albeit with
a marginal deceleration.
• Credit to personal loans segment recorded a y-o-y growth of 12.8 per cent, as
compared with 13.4 per cent a year ago. While segments such as ‘vehicle loans’ and
‘loans against gold jewellery’ sustained steady credit growth, ‘housing’ and ‘credit card
outstanding’ witnessed moderation.
Ajit Prasad
Press Release: 2025-2026/1808 Deputy General Manager
(Communications)
1 Data pertain to the last reporting Friday of the month, based on sector-wise and industry-wise bank credit
(SIBC) return.
2 Non-food credit data are based on Section-42 return for the last reporting Friday of the month, which
covers all scheduled commercial banks (SCBs).
3 Data include the impact of the merger of a non-bank with a bank.