Mumbai:Bank credit to industry grew 18.2 per cent in August, up from 7 per cent in the same period last year, according to Reserve Bank data released on Wednesday.

The RBI has released data on sectoral deployment of bank credit for August 2026, collected from 41 select scheduled commercial banks, which together account for about 95 per cent of the total non-food credit by all SCBs.

On a year-on-year (y-o-y) basis, non-food bank credit grew 18.8 per cent as on the fortnight ended August 31, 2026, compared to 10.2 per cent during the corresponding fortnight of the previous year (September 5, 2025).

“While credit to ‘large’ and ‘medium’ industries grew at an accelerated pace, ‘micro and small’ industries sustained steady expansion,” the RBI said.