New Delhi, May 31 -- The credit growth of banks declined to 9.8 per cent in May 2025 from 19.5 per cent during the same period the previous year, according to a report by the State Bank of India (SBI), indicating a slowdown in lending activities across the country.

"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," said the SBI report released on Friday, May 30, 2025.

The bank credit reduced by Rs.15,676 crore during April to May this year, highlighting a negative year-to-date (YTD) growth of 0.1 per cent. However, bank credit growth was reported at Rs.1.68 lakh crore or 1 per cent YTD during the same period previous year.

Deposit growth marginall...