Mumbai: Bank credit to industry recorded a robust annual growth of 17.5 percent in May as advances to large industries grew at an accelerated pace, along with sustained healthy expansion in the MSE sector, according to Reserve Bank data released on Tuesday.
On a year-on-year (y-o-y) basis, non-food bank credit grew by 17.4 percent as of the fortnight ended May 31, 2026, compared to 8.8 percent during the corresponding period of the previous year (May 30, 2025), according to sectoral deployment of bank credit for May 2026.
