31-October-2026
Banking
 
Lending to Industry, Services shows sharp rise in September ahead of festive season: RBI data
31-Oct-2026

Reflecting buoyancy in the economy at cusp of busy season and festivities, the pace of bank lending to industry and services sector rose sharply in September 2026 over a year ago period. The overall credit grew by 19.1% year on year at the end of September 2026, up from 11.2% a year ago, Reserve Bank of India data showed. The bank loans to agriculture and allied activities also saw strong uptick while the retail lending showed steady rise.

News Source:- https://www.financialexpress.com/business/banking-finance-lending-to-industry-services-shows-sharp-rise-in-september-ahead-of-festive-season-rbi-data-4373697/?ref=morelatest_hp