RBI data | Credit to industry, services up 8% & 13.4%, respectively 

FPJ News Service mumbai

Bank credit recorded a growth of 12.1% at Rs 178.22 lakh crore as on the fortnight ended March 21, 2025 as compared to a 16.3% increase registered, a year ago, according to a sectoral deployment of bank credit data released by the RBI on Wednesday. As at the end of March 22, 2024, banks had recorded outstanding credit of Rs 159.01 lakh crore.

Credit to personal loans segment registered a growth of 14% (y-o-y) at Rs 56.10 lakh crore as on the fortnight ended March 21, 2025, as compared with 17.6% at Rs 49.19 lakh crore. a year ago, largely due to decline in growth in ‘other personal loans’, ‘vehicle loans’ and ‘credit card outstanding’. The data collected from 41 select scheduled commercial banks by RBI accounted for about 95% of the total non-food credit deployed by all banks.

On a year-on-year (y-o-y) basis, non-food bank credit as on the fortnight ended March 21, 2025, grew by 12% at Rs 182.07 lakh crore as compared to 16.3% during the corresponding fortnight of the previous year. Credit to agriculture and allied activities registered a growth of 10.4% at Rs 22.87 lakh crore (y-o-y) as on the fortnight ended March 21, 2025 (20% in the corresponding fortnight of the previous year.

Credit to industry expanded by 8% (y-o-y) as on the fortnight ended March 21, 2025, same as in the corresponding fortnight of the previous year. Among major industries, outstanding credit to ‘petroleum, coal products and nuclear fuels’, ‘basic metal and metal products’, ‘all engineering’ and ‘construction’ recorded an accelerated y-o-y growth. However, credit growth in the infrastructure segment decelerated.

Credit to services sector increased by 13.4% (y-o-y) as on the fortnight ended March 21, 2025 (20.8%), primarily due to decelerated growth in credit to ‘non-banking financial companies’. Credit growth (y-o-y) to ‘professional services’ and ‘trade’ segments remained robust.