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Bank Credit to Industry Soars 18.2% in August, RBI Data Reveals Strong Growth
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CNBC TV18•30-09-2026, 20:53
Bank Credit to Industry Soars 18.2% in August, RBI Data Reveals Strong Growth
- •Bank credit to industry surged by 18.2% in August, a significant increase from 7% growth recorded in the same period last year.
- •Non-food bank credit saw an 18.8% year-on-year growth as of August 31, 2026, compared to 10.2% a year earlier.
- •Credit to 'large' and 'medium' industries accelerated, while 'micro and small' industries maintained steady expansion.
- •The services sector experienced robust growth of 24.3%, driven by NBFCs, trade, professional services, and commercial real estate.
- •Personal loans grew by 16.9%, with housing and vehicle loans showing double-digit growth, though credit card outstanding and gold jewellery loans saw moderation.
Key Questions Answered
Bank credit to industry grew by 18.2% in August 2026, which is sharply higher than the 7% growth recorded during the same period in the previous year.
Credit to the services sector experienced a growth of 24.3% in August 2026, compared with 10.3% in the corresponding fortnight of the previous year, supported by robust expansions in segments like NBFCs, trade, professional services, and commercial real estate.
Advances to the personal loans segment grew by 16.9% in August 2026, up from 11.9% a year earlier. While housing and vehicle loans maintained double-digit growth, credit card outstanding and loans against gold jewellery showed a moderation in growth.
