Bank credit growth to agri sector, credit card outstanding plummet: RBI | Business News

On a year-on-year (y-o-y) basis, non-food bank credit as on the fortnight ended April 18, 2025, grew by 11.2 per cent as compared to 15.3 per cent during the corresponding fortnight of the previous year (April 19, 2024), the RBI said.

However, gold loans growth jumped by 119.6 per cent to Rs 2.23 lakh crore from Rs 1.01 lakh crore a year ago.

According to the RBI, bank credit to industry grew at a slower pace of 6.7 per cent at Rs 38.83 lakh crore in the fortnight ended April 18 annually compared with 6.9 per cent in the corresponding period of the previous year.

Among major industries, outstanding credit to basic metal and metal products, all engineering, vehicles, vehicle parts and transport equipment, textiles and construction recorded an accelerated year-on-year growth, according to sectoral deployment of bank credit – April 2025 data.

However, credit growth in the infrastructure segment decelerated, the RBI said.

The RBI said the data on sectoral deployment of bank credit for April 2025 has been collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit by all SCBs.

“Credit to services sector moderated to 11.2 per cent (y-o-y) (19.5 per cent in the corresponding fortnight of the previous year), primarily due to decelerated growth in credit to non-banking financial companies (NBFCs). Credit growth (y-o-y) to trade and computer software segments remained elevated,” RBI said.

Further, RBI said that the credit to personal loans segment registered a decelerated growth of 14.5 per cent, as compared with 17 per cent a year ago, largely due to a decline in growth of other personal loans, vehicle loans and credit card outstanding.