Credit expands by 11.5% y-o-y, reflecting sustained lending activity

 

Bank credit growth in India continues to remain resilient, reflecting sustained lending momentum across key segments of the economy. As per the latest data released by the Reserve Bank of India, total bank credit stood at ₹195.3 lakh crore as of 28 November 2025, registering a year-on-year growth of 11.5%. Credit growth has consistently remained above 10% in recent months, indicating stable demand conditions and continued flow of credit to productive sectors of the economy.

The expansion in bank credit has been driven primarily by robust demand from the retail and MSME segments, supported by improving consumption trends, rural economic activity and the positive impact of recent GST rate rationalisation on demand conditions. Healthy signs of revival in industrial credit and corporate borrowing have also contributed to the overall credit offtake, reflecting strengthening economic activity and business confidence in Indian growth trajectory.

Bank credit growth 11.5% year-on-year, driven by retail, MSME, corporate demand and GST rate rationalisation. Bank credit reached Rs.195.3 lakh crore as of 28 November 2025, registering 11.5% year on year growth, with sustained monthly growth above 10%. The increase is driven mainly by retail and MSME lending, aided by improved consumption, rural activity and GST rate rationalisation, alongside revival in industrial credit and higher corporate borrowing.