RBI: Bank Credit Growth Slows to 9.8% YoY in May 2025

Published 11 months ago

RBI reports 9.8% YoY non-food credit growth in May 2025, down from 16.2% in 2024.

Agriculture credit growth declines to 7.5% YoY (prev: 21.6%) as of May 2025.
Industry credit grows 4.9% YoY (vs 8.9% last year), led by engineering, construction, and plastics.
Services credit slows to 9.4% YoY (from 20.7%), driven by NBFCs, but software growth holds.

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