**Executive Summary**
This is a press release from the Reserve Bank of India, dated November 28, 2025, regarding the sectoral deployment of bank credit for October 2025. It outlines the year-on-year (y-o-y) growth of non-food bank credit and highlights specific sectors' performance. The data is based on information collected from 41 select scheduled commercial banks (SCBs).
**Key Points / Main Content**
* **Overall Credit Growth:** Non-food bank credit grew by 11.1% year-on-year as of October 31, 2025, compared to 11.7% in the corresponding period of the previous year (November 01, 2024).
* **Sectoral Growth Highlights:**
* **Agriculture:** Registered a y-o-y growth of 8.9% (compared to 15.5% in the previous year).
* **Industry:** Recorded a y-o-y growth of 10.0% (compared to 8.1% in the previous year). "Micro and Small" and "Medium" industries expanded in double digits. Industries like 'all engineering', 'infrastructure', 'construction', 'textiles' and 'vehicles, vehicle parts and transport equipment' recorded buoyant y-o-y growth.
* **Services:** Registered a growth rate of 13.0% y-o-y (compared to 12.5% in the previous year). 'Non-banking financial companies' (NBFCs) and 'trade' picked up, while 'commercial real estate' sustained steady growth.
* **Personal Loans:** Recorded a y-o-y growth of 14.0% (compared to 12.9% a year ago). This improvement was driven by 'housing', 'loans against gold jewellery' and 'vehicle loans'.
**Impact Analysis**
**Scheduled Commercial Banks (SCBs)**
* **Impact:** The information provides insight into the lending patterns and growth in various sectors, allowing them to assess their own performance against the broader trends.
* **Action Required:** SCBs can use this data to refine their lending strategies and risk management practices, and can be required to supply this data periodically.
**Policymakers (e.g., Reserve Bank of India)**
* **Impact:** The sectoral deployment data informs monetary policy decisions and helps assess the overall health of the Indian economy.
* **Action Required:** Use the data to monitor economic trends and adjust monetary policy as needed to promote sustainable growth and financial stability.
**Investors and Analysts**
* **Impact:** Provides insights into the performance of various sectors, influencing investment decisions.
* **Action Required:** Analyze the data to identify growth opportunities and assess risks associated with investments in different sectors.
**Borrowers**
* **Impact:** Provides transparency on the availability and cost of credit in different sectors.
* **Action Required:** Understand the credit conditions and interest rates applicable to their respective sectors and adjust their borrowing plans accordingly.
Key Entities Referenced
Scheduled Commercial Banks (SCBs): Banks included in the Second Schedule to the Reserve Bank of India Act, 1934
Statements I and II: Statements providing data on sectoral deployment of bank credit.
Reserve Bank of India: India's central bank, responsible for monetary policy and regulation of the banking system.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 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
November 28, 2025
Sectoral Deployment of Bank Credit – October 2025
Data on sectoral deployment of bank credit for the month1 of October 2025 collected from 41
select scheduled commercial banks (SCBs), accounting 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 11.1 per cent as on the
fortnight ended October 31, 2025, compared to 11.7 per cent during the corresponding fortnight
of the previous year (i.e., November 01, 2024).
Highlights of the sectoral deployment of bank credit3 as on the fortnight
ended October 31, 2025, are given below:
• Credit to agriculture and allied activities registered a y-o-y growth of 8.9 per cent (15.5
per cent in the corresponding fortnight of the previous year).
• Credit to industry recorded a y-o-y growth of 10.0 per cent, compared with 8.1 per cent
in the corresponding fortnight of last year. Credit to ‘Micro and Small’ and ‘Medium’
industries continued to expand in double-digits. Among major industries, outstanding
credit to ‘all engineering’, ‘infrastructure’, ‘construction’, ‘textiles’ and ‘vehicles, vehicle
parts and transport equipment’ recorded buoyant y-o-y growth.
• Credit to services sector registered a growth rate of 13.0 per cent y-o-y (12.5 per cent in
the corresponding fortnight of the previous year). Growth in segments such as ‘non-
banking financial companies’ (NBFCs) and ‘trade’ picked up, while ‘commercial real
estate’ sustained steady growth.
• Credit to personal loans segment recorded a y-o-y growth of 14.0 per cent, as compared
with 12.9 per cent a year ago. This improvement in growth was driven largely by
‘housing’, ‘loans against gold jewellery’ and ‘vehicle loans’.
Ajit Prasad
Press Release: 2025-2026/1578 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.