The value of loans in India increased 9.50 percent in July of 2025 over the same month in the previous year. This dataset provides the latest reported value for - India Bank Loan Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about India Domestic Credit Growth

• India Domestic Credit increased 11.1 % YoY in Dec 2024, compared with an increase of 11.5 % YoY in the previous month
• India Domestic Credit Growth YoY data is updated monthly
• It averaged 13.6 %, available from Mar 2000 to Dec 2024
• The data reached an all-time high of 27.1 % in Jul 2009 and a record low of 5.4 % in May 2021

• In the latest reports, India Domestic Credit reached 3,168.1 USD bn in Dec 2024
• Money Supply M2 in India increased to 765.5 USD bn YoY in Nov 2024
• India Foreign Exchange Reserves was measured at 547.5 USD bn in Dec 2024
• The Foreign Exchange Reserves equaled 9.2 Months of Import in May 2023
• The country's Non Performing Loans Ratio stood at 2.8 % in Mar 2024, compared with the ratio of 3.9 % in the previous year
• Household Debt of India reached 17.4 % in Mar 2024, accounting for 17.4 % of the country's Nominal GDP

India SPF: SCB: Bank Credit: Growth Rate: Next Fiscal Year: Minimum data was reported at 9.800 % in Apr 2025. This records a decrease from the previous number of 10.000 % for Feb 2025. India SPF: SCB: Bank Credit: Growth Rate: Next Fiscal Year: Minimum data is updated monthly, averaging 9.850 % from Jun 2014 (Median) to Apr 2025, with 66 observations. The data reached an all-time high of 14.900 % in Aug 2014 and a record low of 5.000 % in Dec 2020. India SPF: SCB: Bank Credit: Growth Rate: Next Fiscal Year: Minimum data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.SH013: Survey of Professional Forecasters (SPF): Reserve Bank of India: Annual Forecasts: Scheduled Commercial Banks Credit: Growth Rate.

Graph and download economic data for Bank Credit to Bank Deposits for India (DDSI04INA156NWDB) from 1960 to 2021 about India, credits, deposits, banks, and depository institutions.

Bank credit to bank deposits (%) in India was reported at 71.96 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Bank credit to bank deposits - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

India PFS: Bank Credit: Growth Rate: Next Fiscal Year: Median data was reported at 13.300 % in Mar 2019. This records an increase from the previous number of 12.600 % for Dec 2018. India PFS: Bank Credit: Growth Rate: Next Fiscal Year: Median data is updated quarterly, averaging 16.000 % from Mar 2008 (Median) to Mar 2019, with 44 observations. The data reached an all-time high of 21.000 % in Jun 2009 and a record low of 10.000 % in Sep 2017. India PFS: Bank Credit: Growth Rate: Next Fiscal Year: Median data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.SE007: Professional Forecasters Survey (PFS): Reserve Bank of India: Annual Forecasts: Bank Credit: Growth Rate.

This statistic illustrates the credit growth rate of retail across banks in India from fiscal year 2014 to fiscal year 2017. The credit growth rate of retail across banks in India was approximately ** percent in the financial year 2017, down from a credit growth rate of about ** percent across the country in financial year 2016.

India SPF: SCB: Bank Credit: Growth Rate: Current Fiscal Year: Median data was reported at 11.500 % in Apr 2025. This records a decrease from the previous number of 12.000 % for Feb 2025. India SPF: SCB: Bank Credit: Growth Rate: Current Fiscal Year: Median data is updated monthly, averaging 11.750 % from Jun 2014 (Median) to Apr 2025, with 66 observations. The data reached an all-time high of 16.900 % in Apr 2024 and a record low of 5.000 % in Oct 2020. India SPF: SCB: Bank Credit: Growth Rate: Current Fiscal Year: Median data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.SH013: Survey of Professional Forecasters (SPF): Reserve Bank of India: Annual Forecasts: Scheduled Commercial Banks Credit: Growth Rate.

Domestic credit to private sector by banks (% of GDP) in India was reported at 50.14 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Domestic credit to private sector by banks (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

India PFS: Bank Credit: Growth Rate: Current Fiscal Year: Minimum data was reported at 11.800 % in Mar 2019. This records an increase from the previous number of 10.500 % for Dec 2018. India PFS: Bank Credit: Growth Rate: Current Fiscal Year: Minimum data is updated quarterly, averaging 13.000 % from Mar 2008 (Median) to Mar 2019, with 43 observations. The data reached an all-time high of 20.000 % in Mar 2008 and a record low of 3.100 % in Dec 2016. India PFS: Bank Credit: Growth Rate: Current Fiscal Year: Minimum data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.SE007: Professional Forecasters Survey (PFS): Reserve Bank of India: Annual Forecasts: Bank Credit: Growth Rate.

During the financial year 2023, the year-on-year growth rate of both banks and non-banking financial companies (NBFCs) in India increased to ** percent and ** percent, respectively. In the last ***** financial years, loan advances by NBFCs remained less than those by banks. Credit market in India The organized loan market in India has many players that can be categorized into banks or NBFCs. Traditionally, banks have been the main source of credit for various industries and sectors within the Indian economy. However, in recent years, NBFCs have emerged as a viable alternative to traditional banks, offering services such as loans, savings and investment plans, credit facilities, and insurance among others. While NBFCs are making significant strides, banks are also expanding their presence in the credit market. For example, to compete with NBFCs, banks have been increasing their disbursement of gold loans in recent years. NBFCs: driving financial inclusion NBFCs have emerged as a significant force in promoting financial inclusion in India by successfully catering to the underserved segments of society. As of September 2023, NBFCs in the country have disbursed loans and advances amounting to over *** billion U.S. dollars. The growing market share of NBFCs can be attributed to the lighter and more flexible regulations imposed by the Reserve Bank of India, as well as their focus on specific sectors and niche markets. The NBFC sector has been experiencing double-digit growth recently, and this trend is expected to continue in the near future.

The Data shows the major sector level deployment of bank credit collected from 40 select scheduled commercial banks, accounting for about 93 percent of the total non-food credit deployed by all scheduled commercial banks.

Note: 1. Data for the period April 2007 - December 2018 is in the Old Format and the data for January 2019 - September 2022 is in the New Format. 2. For Old Format a. Data are provisional and relate to select 41 scheduled commercial banks. From September 2017, data account for 90 percent of total non-food credit extended by all scheduled commercial banks. b. Export credit under priority sector relates to foreign banks only. c. Micro and small under industry include credit to micro and small industries in manufacturing sector. d. Micro and small enterprises under Priority Sector include credit to micro and small enterprises in manufacturing as well as services sector. e. Priority Sector is as per the old definition and does not conform to FIDD Circular FIDD.CO.Plan.BC.54/04.09.01/2014-15 dated April 23, 2015. f. A sharp adjustment of Rs.17300 Crore in consumer durables credit in August 2018 was due to rectification of an error, as one bank had previously wrongly classified housing loans as consumer durable loans.

1. For New Format a. Data are provisional. Non-food credit data are based on Section - 42 return, which covers all scheduled commercial banks (SCBs), while sectoral non-food credit data are based on sector-wise and industry-wise bank credit (SIBC) return, which covers select banks accounting for about 93 percent of total non-food credit extended by all SCBs. b. With effect from January 2021, sectoral credit data are based on a revised format due to which values and growth rates of some of the existing components published earlier have undergone some changes. c. Non-food credit given for the periods December 18, 2020 and December 20, 2019 pertains to the periods January 1, 2021 and January 3, 2020 respectively. d. Credit data are adjusted for past reporting errors by select SCBs from December 2021 onwards. e. Micro and Small include credit to micro and small industries in the manufacturing sector. f. NBFCs include HFCs, PFIs, Microfinance Institutions (MFIs), NBFCs engaged in gold loans and others. g. Other Services include Mutual Funds (MFs), Banking and Finance other than NBFCs and MFs and other services which are not indicated elsewhere under services. h. Agriculture and Allied Activities also include priority sector lending certificates (PSLCs). i. Micro and Small Enterprises include credit to micro and small enterprises in manufacturing and services sectors and also include PSLCs. j. Medium Enterprises include credit to medium enterprises in the manufacturing and services sector.

This statistic illustrates the credit growth rate of industry across banks in India from financial year 2014 to financial year 2017. The credit growth rate of industry across banks in India was approximately negative **** percent in the financial year 2017, down from a credit growth rate of about ** percent across the country in financial year 2016.

India PFS: Bank Credit: Growth Rate: Next Fiscal Year: Maximum data was reported at 16.800 % in Mar 2019. This records a decrease from the previous number of 17.000 % for Dec 2018. India PFS: Bank Credit: Growth Rate: Next Fiscal Year: Maximum data is updated quarterly, averaging 19.400 % from Mar 2008 (Median) to Mar 2019, with 44 observations. The data reached an all-time high of 27.500 % in Dec 2009 and a record low of 12.500 % in Mar 2018. India PFS: Bank Credit: Growth Rate: Next Fiscal Year: Maximum data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.SE007: Professional Forecasters Survey (PFS): Reserve Bank of India: Annual Forecasts: Bank Credit: Growth Rate.

In May 2022, banks' outstanding credit to non-banking financial companies (NBFCs) in India rose by around **** percent y-o-y. Growth in bank credit witnessed a growth of **** percent at the end of financial year 2022. This has been the highest growth rate since the corresponding period last year.

In the financial year 2021, the bank credit growth of loans against property to micro, small, and medium enterprises (MSMEs) was eight percent, a sharp decline from the previous year. LAP MSMEs or loans against property for MSMEs is a loan disbursed by a financial institution against the mortgage of a property.

Graph and download economic data for Private Credit by Deposit Money Banks to GDP for India (DDDI01INA156NWDB) from 1960 to 2021 about India, credits, banks, private, depository institutions, and GDP.

Key information about India Total Loans Growth

• India Total Loans Growth was reported at 11.45 % in Dec 2024
• This records a decrease from the previous number of 12.35 % for Sep 2024
• India Total Loans Growth data is updated quarterly, averaging 15.05 % from Dec 1999 to Dec 2024, with 101 observations
• The data reached an all-time high of 36.38 % in Sep 2005 and a record low of 5.40 % in Mar 2017
• India Total Loans Growth data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Total Loans: Y-o-Y Growth: Quarterly

Domestic credit provided by financial sector (% of GDP) in India was reported at 72.06 % in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. India - Domestic credit provided by banking sector (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Deposit Growth in India decreased to 10.10 percent in the week ending July 4 from 10.40 percent two weeks before. This dataset provides - India Deposit Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.