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India's Bank Credit Soars 17.40% Annually
11 Jun
Summary
- Total bank credit reached Rs 220.26 lakh crore by May 31, 2026.
- Annual bank credit growth surged to an impressive 17.40%.
- Fortnightly credit saw a solid increase of 1.52%.
As of May 31, 2026, the total bank credit in India, provided by All Scheduled Banks, stood at Rs 220.26 lakh crore. This figure represents a firm and consistent expansion in lending.
On a year-on-year basis, the credit growth registered a substantial surge of around 17.40%. This indicates a strong upward trend in credit disbursement over the past year.
Furthermore, the data reveals a healthy fortnightly growth of 1.52%, underscoring the ongoing strength and positive momentum in India's banking credit sector. The overall trend suggests a thriving financial landscape.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
