RBI Releases Sectoral Deployment of Bank Credit Data for September 2026

Key facts

• The Reserve Bank of India (RBI) released data on sectoral deployment of bank credit for September 2026, collected from 41 select scheduled commercial banks accounting for about 95 per cent of total non-food credit.
• Non-food bank credit grew by 19.1 per cent year-on-year as on the fortnight ended September 30, 2026, compared to 11.2 per cent a year earlier.
• Credit to agriculture and allied activities grew 19.5 per cent year-on-year, up from 8.9 per cent in the corresponding fortnight of the previous year.
• Credit to industry recorded a year-on-year growth of 19.5 per cent, compared with 7.7 per cent last year, with large and medium industries growing at an accelerated pace.
• Credit to the services sector registered a year-on-year growth of 28.3 per cent, supported by buoyant growth in NBFCs, trade, commercial real estate, transport operators and professional services.
• Credit to personal loans grew 17.3 per cent year-on-year, compared with 11.5 per cent a year ago, with housing and vehicle loans remaining resilient.
• Growth in loans against gold jewellery and education decelerated compared to last year, albeit remaining strong.
• With effect from December 31, 2025, the definition of last reporting fortnight was changed to the last day of the month under the Banking Laws (Amendment) Act 2025.