Bank credit to industry has surged 15.1% at end-April compared to 7% a year ago, Reserve Bank of India’s latest data showed.

Credit to agriculture and allied activities reported a year-on-year growth of 13.7% versus 9.2% per cent in the corresponding fortnight of the previous year.

"On a year-on-year (y-o-y) basis, non-food bank credit grew 15.8% as on the fortnight ended April 30, 2026, compared to 9.8% during the corresponding fortnight of the previous year (May 02, 2025)," the RBI said.

The RBI has released data on sectoral deployment of bank credit for April 2026, collected from 41 select banks, which together account for about 95% of the total non-food credit by all commercial banks.

On advances to industry, the RBI said while credit to 'micro and small' and 'large' industries grew at accelerated pace, "medium" industries exhibited steady growth on y-o-y basis.

Among major industries, outstanding credit to infrastructure; basic metal and metal product; all engineering; petroleum; coal products and nuclear fuels; and chemical and chemical products marked higher year-on-year growth.

However, construction, textiles and rubber, plastic and their products segments witnessed marginally subdued credit growth.

"Credit to services sector registered a growth rate of 18.6% y-o-y (10.1% in the corresponding fortnight of the previous year), supported by robust growth in segments such as non-banking financial companies, commercial real estate, trade and professional services," the central bank said.

Further, advances to personal loans segment recorded a 16% YoY growth as against 11.9% a year ago.

While segments such as vehicle loans and housing sustained robust credit growth, credit card outstanding moderated, RBI said.