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Banks report 15.9% credit growth in FY26 as Finance Ministry cites loan demand surge
Economy
Published on 5 May 2026
Personal, services, agriculture and industry all fueled it
Indian banks posted robust 15.9% credit growth in FY26, according to the Finance Ministry. The increase was broad-based, driven by services, personal loans, agriculture, and industry—signaling strong underlying demand and a resilient economy. The Ministry also pointed to India’s ability to grow rapidly despite global headwinds.
- Credit growth reached 15.9% in FY26, per Finance Ministry
- Expansion was led by services, personal loans, agriculture, and industry
- Loan demand signals continued economic momentum
- Ministry links growth to India’s resilience amid global challenges
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times