FY26 bank credit growth: non-food credit up 15.9%
Why in the news
The Finance Ministry reported strong lending numbers for FY26, which it read as a sign of better rural demand, expanding industry and confident banks.
Key facts
- Non-food credit of Scheduled Commercial Banks rose 15.9% year on year in FY26.
Sector-wise credit growth, FY26
| Sector | Growth |
|---|---|
| Services | 19% |
| Agriculture | 15.7% |
| Industry | 15% |
| Overall non-food credit | 15.9% |
What it signals
- Better rural demand and industrial expansion.
- Strong economic activity and rising confidence among banks in lending.
Exam angle
- Reporting ministry: Finance.
- Fastest-growing segment: services at 19%.
- Know the term non-food credit and which banks it covers: Scheduled Commercial Banks.