Data on sectoral deployment of bank credit for the month of February 2025^[1] collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks, are set out in Statements I and II.

On a year-on-year (y-o-y) basis, non-food bank credit^[2] as on the fortnight ended    February 21, 2025^[3] grew at 12.0 per cent as compared to 16.6 per cent for the corresponding fortnight of the previous year (February 23, 2024). 

Highlights of the sectoral deployment of bank credit^[3] are given below:

• Credit to agriculture and allied activities registered a growth of 11.4 per cent (y-o-y) as on the fortnight ended February 21, 2025 (20.0 per cent for the corresponding fortnight of the previous year).
• Credit to industry recorded a growth of 7.3 per cent (y-o-y) as on the fortnight ended February 21, 2025, compared with 8.4 per cent for the corresponding fortnight of the previous year. Among major industries, outstanding credit to ‘petroleum, coal products and nuclear fuels’, ‘all engineering’, ‘construction’, and ‘paper & paper products’ recorded an accelerated y-o-y growth. 
• Credit to services sector recorded a growth of 13.0 per cent (y-o-y) as on the fortnight ended February 21, 2025 (21.4 per cent for the corresponding fortnight of the previous year), with a decelerated growth in credit to ‘non-banking financial companies’ (NBFCs). However, credit growth (y-o-y) to ‘computer software’ accelerated. Credit growth remained robust in ‘professional services’ and ‘trade’ segments.
• Credit to personal loans segment registered a growth of 14.0 per cent (y-o-y) as on the fortnight ended February 21, 2025, as compared with 18.0 per cent a year ago, largely due to decline in growth rate in ‘other personal loans’, ‘credit card outstanding’ and ‘vehicle loans’ segments.

Ajit Prasad            
Deputy General Manager
(Communications)     

Press Release: 2024-2025/2474