Bank credit to industry grows 9.6% in Nov, non-food bank credit rises by 11.4%: RBI data

Bank credit to industry increased by 9.6% in November 2025, as against 8.3% in November 2024, according to the Reserve Bank of India (RBI) data. 

Non-food bank credit rose by 11.4% as on the fortnight ended November 28, 2025, as compared to 10.6% during the corresponding fortnight of the previous year (November 29, 2024).

"Credit to industry recorded a year-on-year (YoY) growth of 9.6%, compared with 8.3% in the corresponding fortnight of last year," RBI said.

Credit to 'micro and small' and 'medium' industries continued to exhibit double-digit expansion, according to the 'Sectoral Deployment of Bank Credit – November 2025'.

Among major industries, outstanding credit to infrastructure, all engineering, textiles and 'petroleum, coal products and nuclear fuels' recorded robust YoY growth.

Moreover, the lending to agriculture and allied activities registered an annual growth of 8.7% (15.3% in the corresponding fortnight of the previous year).

Credit to the services sector recorded a growth rate of 11.7% YoY, the RBI data showed, as compared to 12.8% in the corresponding fortnight of the previous year.

Growth in segments such as 'non-banking financial companies' (NBFCs) and 'computer software' improved. Further, segments such as trade and commercial real estate registered a healthy growth, albeit with a marginal deceleration.

"Credit to personal loans segment recorded a YoY growth of 12.8%, as compared with 13.4% a year ago. While segments such as 'vehicle loans' and 'loans against gold jewellery' sustained steady credit growth, 'housing' and 'credit card outstanding' witnessed moderation," RBI said.

The sectoral deployment of bank credit data for November 2025 was collected from 41 select scheduled commercial banks. These banks combined make up nearly 95% of the total non-food credit by all SCBs.