Mumbai

Bankcredit to industry recorded a robust growth of 19.2 per cent in June compared to 6.3 per cent in the year-ago period as large companies as well as MSMEs displayed broad-based expansion, according to RBI data released on Friday.

On a year-on-year basis, non-food bank credit grew by 18.3 per cent as on the fortnight ended June 30, 2026, compared to 9.3 per cent during the corresponding fortnight of the previous year (June 27, 2025), the central bank said.

It has released data on sectoral deployment of bank credit for June 2026, collected from 41 select scheduled commercial banks which together account for about 95 per cent of the total non-food credit. Advances to agriculture and allied activities registered a year-on-year growth of 16.8 per cent compared to 6.8 per cent in the corresponding fortnight of the previous year. "Credit to industry recorded a robust y-o-y growth of 19.2 per cent (6.3 per cent in the corresponding fortnight of last year)," RBI said. All sub-sectors -- 'Micro and Small', 'Medium' and 'Large industries' displayed a broad-based expansion.

Among major industries, credit to infrastructure, all engineering, food processing, textiles, construction, basic metal and metal products, petroleum, 'coal products and nuclear fuels' and 'chemical and chemical products' marked buoyant year-on-year (y-o-y) growth.

However, 'rubber, plastic and their products' and 'wood and wood products' segments witnessed marginally subdued growth. According to the data, loans to the services sector registered a growth rate of 21.4 per cent y-o-y (8.8 per cent in the corresponding fortnight of the previous year), supported by accelerated growth in segments such as non-banking financial companies (NBFCs), commercial real estate, and trade.

Also, credit to the personal loans segment recorded a growth of 15.8 per cent, as compared with 11.7 per cent a year ago. While segments such as vehicle loans and housing grew steadily in double digits, credit card outstanding registered a decelerated growth, the RBI said.