Press release
🌐 Macro
📊 Neutral
🌍 India
Non-Food Bank Credit Surges 19.1% in September 2026 Sectoral Expansion
Bank credit growth hit 19.1% in September 2026, driven by robust demand across services, industrial, and agricultural sectors as lending activity accelerated significantly compared to the previous year.
Impact
0/10
💡 Key Takeaways
- Services sector credit growth reached 28.3%, fueled by NBFCs, trade, and commercial real estate.
- Industrial credit growth jumped to 19.5%, supported by strong demand in infrastructure and basic metals.
- Personal loans maintained momentum with 17.3% growth, led by resilient housing and vehicle financing.
📋 Executive Summary
Non-food bank credit in India accelerated to 19.1% year-on-year growth as of September 30, 2026, significantly outpacing the 11.2% growth recorded in the same period last year. The expansion was broad-based, with the services sector leading at 28.3% growth, while industrial and agricultural credit also saw substantial double-digit increases.
📊 Sentiment Analysis
Sentiment
📊 Neutral
Impact Score
0/10
Region
🌍 India
Asset Class
🌐 Macro
❓ Frequently Asked Questions
The growth was driven by a widespread increase in credit demand across all major sectors, particularly services, which grew by 28.3%, and industry, which saw a 19.5% increase.
📰 Source
📅 Originally published:
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