According to data released by the Reserve Bank of India (RBI), bank credit to the agriculture sector grew by 10.4% in the year leading up to March 21, 2025. This is much lower than the 20% growth seen in the same period the previous year.
Overall, non-food bank credit (which includes loans for businesses and personal loans) grew by 12.0% as of March 21, 2025. This is also slower compared to 16.3% growth during the same time last year.
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When it comes to other sectors, credit to industries stayed the same, with a growth rate of just 8%, while loans to the services sector saw an increase of 13.4%, though growth in loans to non-banking financial companies (NBFCs) slowed down.
Personal loans grew by 14.0%, but this is slower than the 17.6% growth recorded a year ago. The slowdown in personal loans was mainly due to a decrease in growth for other personal loans, vehicle loans, and credit card balances.
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The RBI collected this data from 41 commercial banks, which together account for around 95% of the total non-food credit provided by all banks.
