New Delhi, May 31 -- The credit growth of banks slowed to 9.8 per cent in May 2025 as compared to a strong growth of 19.5 per cent recorded in the same period last year, according to a report by the State Bank of India (SBI).

The report highlighted a clear deceleration in lending activity across all major sectors of the economy.

SBI said, "Scheduled commercial banks' (SCBs) credit growth slowed to 9.8 per cent as on May 16, 2025, compared to last year growth of 19.5 per cent."

During April-May this year, bank credit actually declined by Rs 15,676 crore, showing a negative year-to-date (YTD) growth of 0.1 per cent. In contrast, during the same period last year, bank credit had grown by Rs 1.68 lakh crore, or 1.0 per cent YTD.

On the ot...