Non-food bank credit surges 19.1%, service sector credit spikes around 23%
Reserve Bank of India (RBI) released data on sectoral deployment of bank credit for the month of July 2026, collected from 41 select scheduled commercial banks (SCBs) which together account for about 95 per cent of the total non-food credit by all SCBs yesterday. On a year-on-year (y-o-y) basis, non-food bank credit grew by 19.1…
