Bank credit to industry grew at faster pace of 13.5% on the fortnight ending February 28, compared with 7.5% in the year-ago period, according to the RBI data released on Monday.
The buoyant growth is majorly driven by higher growth in 'infrastructure', 'all engineering', 'chemicals and chemical products', 'petroleum, coal products and nuclear fuels' and 'textiles', said the Reserve Bank of India (RBI).
The RBI has released data on sectoral deployment of bank credit for February 2026, collected from 41 select scheduled commercial banks (SCBs), together accounting for about 95% of the total non-food credit by all commercial banks.
2 March 2026
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"On a year-on-year (y-o-y) basis, non-food bank credit grew by 14.3% as on the fortnight ended February 28, 2026, compared to 11.1% during the corresponding fortnight of the previous year (March 7, 2025)," the RBI said.
Credit to industry recorded a year-on-year growth of 13.5%, compared with 7.5% in the corresponding fortnight of last year, the RBI said.
On industry, it said loans to 'micro and small' and 'medium' industries continued to exhibit double-digit expansion, while credit to large industries also registered higher growth.
According to the data, credit to services sector registered a growth rate of 16.3% year-on-year (11.7% in the corresponding fortnight of the previous year), supported by higher growth in segments such as banks' credit to 'non-banking financial companies' (NBFCs) and 'commercial real estate'.
"Credit to personal loans segment recorded a year-on-year growth of 15.2%, as compared with 11.7% a year ago," RBI said, adding that housing continued with steady growth, while segments such as 'vehicle loans' and 'loans against gold jewellery' sustained sharp expansion.
The RBI also said credit to agriculture and allied activities registered an expansion of 12.3%. This compares with 11.4% in the corresponding fortnight of the previous year.
