Industrial Credit Growth Surges to 15.1% in April: RBI Report

Industrial credit in India accelerated to a remarkable 15.1% at the end of April, marking a significant rise from the previous year's 7%, according to the Reserve Bank. This expansion is part of a broader trend of increased bank lending to various sectors observed in recent months.

The Reserve Bank of India (RBI) has reported a significant increase in bank credit to industry, which rose by 15.1% by the end of April 2026, considerably higher than the 7% growth recorded at the same time last year. This data release from the RBI highlights the ongoing increase in sectoral deployment of credit.

The April 2026 data was compiled from 41 selected banks that account for around 95% of all non-food credit issued by commercial banks. The findings revealed that year-on-year, non-food bank credit expanded by 15.8% as of the fortnight ending April 30, 2026, compared to 9.8% in the equivalent period of 2025.

According to the RBI, credit to agriculture and related activities also climbed, showing a 13.7% annual increase. Credit to micro, small, and large industries experienced robust growth, whereas medium-sized industries maintained a steady rate of expansion. Infrastructure, metal products, engineering, petroleum, and chemicals were among the industries driving this credit growth.

While contributions to the services sector observed a notable rise with an 18.6% increase, aided by an uptick in finance, real estate, and professional services, personal loan advances grew by 16% compared to the previous year. Despite thriving segments like vehicle and housing loans, the growth in credit card lending experienced moderation.