**Executive Summary**
This press release from the Reserve Bank of India, dated November 28, 2025, reports on the sectoral deployment of bank credit for October 2025. The data, collected from 41 select scheduled commercial banks (SCBs), accounts for approximately 95% of the total non-food credit by all SCBs and is detailed in Statements I and II. The report highlights year-on-year growth across various sectors.
**Key Points / Main Content**
* **Overall 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 1, 2024).
* **Sectoral Growth:**
* Agriculture and allied activities saw a year-on-year growth of 8.9% (15.5% in the corresponding fortnight of the previous year).
* Industry recorded a year-on-year growth of 10.0%, compared to 8.1% in the corresponding fortnight of last year. Credit to 'Micro and Small' and 'Medium' industries continued to expand in double-digits. Notable growth was seen in 'all engineering', 'infrastructure', 'construction', 'textiles', and 'vehicles, vehicle parts and transport equipment'.
* The services sector registered a year-on-year growth rate of 13.0% (12.5% in the corresponding fortnight of the previous year). 'Non-banking financial companies' (NBFCs) and 'trade' showed growth, with 'commercial real estate' maintaining steady growth.
* Personal loans segment experienced a year-on-year growth of 14.0%, compared to 12.9% a year ago. This growth was largely attributed to 'housing', 'loans against gold jewellery' and 'vehicle loans'.
**Impact Analysis**
**Scheduled Commercial Banks (SCBs)**
* **Impact:** SCBs are the primary source of data for this report and are key players in the deployment of bank credit across different sectors.
* **Action Required:** SCBs should take note of the trends in sectoral credit deployment to inform their lending strategies and risk management practices.
**Various Industries and Sectors (Agriculture, Industry, Services, Personal Loans)**
* **Impact:** These sectors are directly affected by the flow of bank credit, which influences their growth and development.
* **Action Required:** Stakeholders in these sectors should analyze the credit deployment data to identify opportunities and challenges, and adjust their strategies accordingly.
**NBFCs (Non-Banking Financial Companies)**
* **Impact:** NBFCs are part of the services sector which has seen growth in credit deployment.
* **Action Required:** NBFCs should consider how the trends will affect their ability to provide credit and maintain stable growth.
Key Entities Referenced
Reserve Bank of India: India's central bank, the primary regulator mentioned in the press release.
Sectoral Deployment of Bank Credit: The core subject of the press release, focusing on the distribution of bank loans across different sectors.
Scheduled Commercial Banks (SCBs): Banks from which the data on sectoral deployment of bank credit is collected.
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.