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flag Indian bank credit growth slowed to 9.8% in May 2025, down significantly from 19.5% the previous year.

flag 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. flag This deceleration affected all major sectors, with agriculture and allied activities seeing a 9.2% growth, down from 19.8% last year. flag Industrial credit rose 6.6%, compared to 7.4% last year, and services sector credit growth fell to 10.5% from 22%. flag Deposit growth also slowed, increasing by 1.4% from 1.7% in the same period last year. flag Personal loans saw a slowdown, with growth easing to 14.5% from 17%.

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