What changed

The RBI published statistical data on sectoral deployment of bank credit for February 2026, covering 41 scheduled commercial banks (SCBs) that together account for about 95% of total non-food credit. Non-food bank credit grew 14.3% year-on-year as of February 28, 2026, compared to 11.1% in the same fortnight of the previous year. Agriculture and allied activities grew 12.3%, industry grew 13.5% (driven by infrastructure, all engineering, chemicals, petroleum/coal/nuclear fuels, and textiles), services grew 16.3% (driven by NBFC and commercial real estate credit), and personal loans grew 15.2% (housing, vehicle loans, and loans against gold jewellery).

This is a statistical release with no regulatory requirements or compliance deadlines. No immediate action is required from regulated entities. Banks reporting under the Section-42 and SIBC returns should continue standard reporting. The data reflects economic trends in credit deployment across key sectors of the Indian economy and may be useful for market analysis and credit risk assessment.

Source document (simplified)

Press Releases

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| Date : Mar 30, 2026 | |
| Sectoral Deployment of Bank Credit – February 2026 | |
| | Data on sectoral deployment of bank credit for the month of February 2026, collected from 41 select scheduled commercial banks (SCBs) which together account for about 95 per cent of the total non-food credit by all SCBs 1, are set out in Statements I and II.

On a year-on-year (y-o-y) basis, non-food bank credit 2 grew by 14.3 per cent as on the fortnight ended February 28, 2026, compared to 11.1 per cent during the corresponding fortnight of the previous year (i.e., March 07, 2025).

Highlights of the sectoral deployment of bank credit as on the fortnight ended February 28, 2026 are given below:

- Credit to agriculture and allied activities registered a y-o-y growth of 12.3 per cent vis-à-vis 11.4 per cent in the corresponding fortnight of the previous year.
- Credit to industry recorded a y-o-y growth of 13.5 per cent, compared with 7.5 per cent in the corresponding fortnight of last year. Credit to ‘Micro and Small’ and ‘Medium’ industries continued to exhibit double-digit expansion. Credit to large industries also registered higher growth. 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’.
- Credit to services sector registered a growth rate of 16.3 per cent y-o-y (11.7 per cent 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 y-o-y growth of 15.2 per cent, as compared with 11.7 per cent a year ago. ‘Housing’ segment continued with steady growth, while segments such as ‘vehicle loans’ and ‘loans against gold jewellery’ sustained sharp expansion.

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/2351

1 Data pertain to the last reporting fortnight of the month, based on sector-wise and industry-wise bank credit (SIBC) return. With effect from December 31, 2025, definition of last reporting fortnight has been changed to the last day of the month under the Banking Laws (Amendment) Act 2025. Accordingly, the y-o-y growth rates from December 2025 onwards are based on end-of-month data for the current year and data for the last reporting fortnight (as per old definition) for the corresponding month of the previous year.

2 Non-food credit data are based on Section-42 return which covers all scheduled commercial banks (SCBs). | | Data on sectoral deployment of bank credit for the month of February 2026, collected from 41 select scheduled commercial banks (SCBs) which together account for about 95 per cent of the total non-food credit by all SCBs 1, are set out in Statements I and II.

On a year-on-year (y-o-y) basis, non-food bank credit 2 grew by 14.3 per cent as on the fortnight ended February 28, 2026, compared to 11.1 per cent during the corresponding fortnight of the previous year (i.e., March 07, 2025).

Highlights of the sectoral deployment of bank credit as on the fortnight ended February 28, 2026 are given below:

Credit to agriculture and allied activities registered a y-o-y growth of 12.3 per cent vis-à-vis 11.4 per cent in the corresponding fortnight of the previous year.
Credit to industry recorded a y-o-y growth of 13.5 per cent, compared with 7.5 per cent in the corresponding fortnight of last year. Credit to ‘Micro and Small’ and ‘Medium’ industries continued to exhibit double-digit expansion. Credit to large industries also registered higher growth. 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’.
Credit to services sector registered a growth rate of 16.3 per cent y-o-y (11.7 per cent 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 y-o-y growth of 15.2 per cent, as compared with 11.7 per cent a year ago. ‘Housing’ segment continued with steady growth, while segments such as ‘vehicle loans’ and ‘loans against gold jewellery’ sustained sharp expansion. Ajit Prasad Deputy General Manager (Communications)

Press Release: 2025-2026/2351

1 Data pertain to the last reporting fortnight of the month, based on sector-wise and industry-wise bank credit (SIBC) return. With effect from December 31, 2025, definition of last reporting fortnight has been changed to the last day of the month under the Banking Laws (Amendment) Act 2025. Accordingly, the y-o-y growth rates from December 2025 onwards are based on end-of-month data for the current year and data for the last reporting fortnight (as per old definition) for the corresponding month of the previous year.

2 Non-food credit data are based on Section-42 return which covers all scheduled commercial banks (SCBs). |
| Data on sectoral deployment of bank credit for the month of February 2026, collected from 41 select scheduled commercial banks (SCBs) which together account for about 95 per cent of the total non-food credit by all SCBs 1, are set out in Statements I and II.

On a year-on-year (y-o-y) basis, non-food bank credit 2 grew by 14.3 per cent as on the fortnight ended February 28, 2026, compared to 11.1 per cent during the corresponding fortnight of the previous year (i.e., March 07, 2025).

Highlights of the sectoral deployment of bank credit as on the fortnight ended February 28, 2026 are given below:

Credit to agriculture and allied activities registered a y-o-y growth of 12.3 per cent vis-à-vis 11.4 per cent in the corresponding fortnight of the previous year.
Credit to industry recorded a y-o-y growth of 13.5 per cent, compared with 7.5 per cent in the corresponding fortnight of last year. Credit to ‘Micro and Small’ and ‘Medium’ industries continued to exhibit double-digit expansion. Credit to large industries also registered higher growth. 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’.
Credit to services sector registered a growth rate of 16.3 per cent y-o-y (11.7 per cent 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 y-o-y growth of 15.2 per cent, as compared with 11.7 per cent a year ago. ‘Housing’ segment continued with steady growth, while segments such as ‘vehicle loans’ and ‘loans against gold jewellery’ sustained sharp expansion. Ajit Prasad Deputy General Manager (Communications)

Press Release: 2025-2026/2351

1 Data pertain to the last reporting fortnight of the month, based on sector-wise and industry-wise bank credit (SIBC) return. With effect from December 31, 2025, definition of last reporting fortnight has been changed to the last day of the month under the Banking Laws (Amendment) Act 2025. Accordingly, the y-o-y growth rates from December 2025 onwards are based on end-of-month data for the current year and data for the last reporting fortnight (as per old definition) for the corresponding month of the previous year.

2 Non-food credit data are based on Section-42 return which covers all scheduled commercial banks (SCBs). | |

Named provisions

Sectoral Deployment of Bank Credit Non-Food Bank Credit Agriculture and Allied Activities Industry Credit Services Sector Credit Personal Loans Segment