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Indian bank credit growth slowed to 9.8% in May 2025, down significantly from 19.5% the previous year.
Indian banks saw a significant slowdown in credit growth to 9.8% in May 2025, down from 19.5% the previous year, according to a State Bank of India report.
This deceleration affected all major sectors, with agriculture and allied activities seeing a 9.2% growth, down from 19.8% last year.
Industrial credit rose 6.6%, compared to 7.4% last year, and services sector credit growth fell to 10.5% from 22%.
Deposit growth also slowed, increasing by 1.4% from 1.7% in the same period last year.
Personal loans saw a slowdown, with growth easing to 14.5% from 17%.
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El crecimiento del crédito bancario indio se desaceleró al 9,8% en mayo de 2025, un descenso significativo del 19,5% del año anterior.