New Delhi, June 30 -- Credit growth among Scheduled Commercial Banks has decelerated significantly to 9.6 percent as of June 13, 2025, representing a substantial decline from the 19.1 percent growth recorded during the same period last year, according to a recent analysis by the State Bank of India.

The Micro, Small and Medium Enterprises sector emerged as a notable bright spot, registering a 17.8 percent year-over-year increase in credit uptake. This improvement has been driven by enhanced balance sheet quality and reduced delinquency rates across the sector.

Several factors have contributed to the strong performance of MSME credit growth, including formalization initiatives through UDYAM registration number integration, expanded guara...