**Executive Summary**
This press release from the Reserve Bank of India, dated November 28, 2025, presents the sectoral deployment of bank credit for October 2025. It highlights the year-on-year growth of non-food bank credit based on data collected from 41 select scheduled commercial banks. The data is further detailed in Statements I and II.
**Key Points / Main Content**
* **Overall Non-Food Bank 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 last year (November 01, 2024).
* **Sector-Specific Credit Growth:**
* Agriculture and allied activities saw a year-on-year growth of 8.9%.
* Industry credit grew by 10.0%, with 'Micro and Small' and 'Medium' industries expanding in double-digits. Specific industries showing strong growth include 'all engineering', 'infrastructure', 'construction', 'textiles' and 'vehicles, vehicle parts and transport equipment'.
* The services sector registered a growth rate of 13.0%, with 'non-banking financial companies' (NBFCs) and 'trade' showing increased growth and 'commercial real estate' maintaining steady growth.
* Personal loans segment recorded a growth of 14.0%, driven by 'housing', 'loans against gold jewellery' and 'vehicle loans'.
**Impact Analysis**
**Scheduled Commercial Banks (SCBs)**
* **Impact**: SCBs must track these trends in sectoral deployment of credit to inform their lending strategies and ensure compliance with regulatory guidelines. The data reflects on their lending activities.
* **Action Required**: Review current lending portfolios in light of the reported sectoral growth rates and adjust strategies accordingly. Ensure continued accurate reporting of data for future analyses.
**Businesses/Industries**
* **Impact**: Businesses can see where credit growth is happening and have opportunities for growth in sectors that are growing.
* **Action Required**: Examine any data provided in the press release and statements to get a better insight of the direction of the market.
**Borrowers (Individuals seeking loans)**
* **Impact**: Borrowers can see that the personal loans segment has recorded strong growth driven by 'housing', 'loans against gold jewellery' and 'vehicle loans'.
* **Action Required**: Examine any data provided in the press release and statements to understand the interest rates charged.
Key Entities Referenced
Reserve Bank of India: Central bank of India, issuing the press release.
Sectoral Deployment of Bank Credit: Subject of the press release, focusing on credit distribution across different sectors.
Scheduled Commercial Banks (SCBs): Banks from which the sectoral deployment data is collected.
Statements I and II: Documents containing the detailed data on sectoral deployment of bank credit.
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.