MUMBAI, India, June 30 -- Reserve Bank of India issued the following press release:
Data on sectoral deployment of bank credit for the month1 of May 2025 collected from 41 select scheduled commercial banks (SCBs), accounting for about 95 per cent of the total non-food credit by all SCBs, are set out in Statements I and II.
On a year-on-year (y-o-y) basis, non-food bank credit2 as on the fortnight ended May 30, 2025, grew3 by 9.8 per cent as compared to 16.2 per cent during the corresponding fortnight of the previous year (i.e., May 31, 2024).
Highlights of the sectoral deployment of bank credit3 as on the fortnight ended May 30, 2025 are given below:
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Credit to agriculture and allied activities registered a y-o-y growth of 7.5 per c...